Erika Jones, CFO, CCTAProfit First Professionals · Certified Fractional CFO and Profit First Professional

Money Answers Part 10 - Saving & spending money #money #shorts #financialfreedom #themoneyhabit

30 Apr 2026 · 1 min

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In this short advisory clip, the speaker addresses a listener named Mike who admits he is “too good” at saving and rarely spends. The speaker cautions that saving driven by fear can become harmful and recommends shifting the focus to joy. The core advice is to clarify the intentionality behind each savings goal, label bank accounts accordingly (e.g., home purchase, vacation, emergency fund), and set trigger moments to activate the funds when the goal is pursued. The speaker references the book The Money Habit as a guide for this process and emphasizes that savings should feel purposeful and enjoyable rather than fear‑driven.

Chapters

This may sound weird, Mike, but I'm actually really good at saving, almost too good. I don't let myself spend a thing. What should I do? Well, do what gives you joy. Some people who are good at saving get joy in that process because it's preparation for use at some stage. But some people that are good at saving are so afraid of losing that it actually becomes harmful. So I just invite you to identify what's the intentionality behind the savings. And label your accounts at your bank according to that, and then activate those funds at those trigger moments when you want to do it. Are you saving to buy a home? Are you saving to experience some form of retreat or vacation or sabbatical? Are you saving so that if an emergency presents itself one day, you know it's covered? Identify what the reasonable numbers are. In the book, The Money Habit guides you through that, but then label the account accordingly so you know the intentionality behind it. Make sure the process is giving you joy and it's not fear-driven. That's the key differentiator.