Does budgeting make you stingy? Saving money (but still enjoying your life) with millennial money expert Sarah Scully-Leaf

Saving money is like a diet: we're really motivated in the beginning but if we restrict ourselves too much...we end up splurging and spending way more than we wanted to. Sarah Scully-Leaf is @themoneymindsetaus on Instagram and she believes the key to saving money sustainably is not to starve yourself from the things that make your life worth living. In this episode, Sarah helps host Katie Williams create a 'no starvation' financial diet to suit her lifestyle. They discuss: The restrict and splurge spending cycle (and how to get out of it) Why creating a budget doesn't make you stingy Spending meaningful time with people without spending money Building "sink funds" into your budget for presents and emergencies Why everyone needs a 'f**k you fund' Follow Sarah on Instagram at @themoneymindsetaus This is what we think you should be reading, watching & listening to this week: Katie recommends: Podcast: The Penny Drops Book: The Barefoot Investor - Scott Pape YouTube: 4 Habits to Remove Money Blocks + Upgrade Your Money Mindset with Tara Wagner Coaching https://www.youtube.com/watch?v=qG0max3Mujo  Sarah recommends: Book: Rich Dad Poor DadBook - Robert Kiyosaki Book: Your Money or Your Life – Vicki Robin Podcast: The Broke Generation Netflix: Inventing Anna If you have a question you want answered on the podcast, send Katie a voice note on Instagram @katiewilliams See omnystudio.com/listener for privacy information.