Make more or spend less moneyMost of us could use a little more money at the end of the month.

Sound about right?

Yea, me too. I’m right there with you.

But should that be from spending less or making more money?

Both options result in you having more money to reach your goals, but they’re completely different approaches.

So, which should you be doing?

Well, it depends…


The Experts Disagree

First, let’s talk about what the experts think.

You won’t be surprised to find out that they disagree…

Grant Cardone said, “you get rich connecting with opportunities that can produce and multiply money. You don’t get rich saving money… Missing opportunities is what costs people money.” Cardone goes on to talk about how managing money doesn’t make you wealthy and that this belief is one of the biggest lies believed by the Middle Class.

Similarly, Ramit Sethi (one of my favorite people!) has a chart comparing being frugal to increasing income that you can see here. His chart suggests that increasing your income is far better.

But on the other hand, in [easyazon_link identifier=”1589795474″ locale=”US” tag=”financegirl05-20″]The Millionaire Next Door[/easyazon_link], Thomas J. Stanley writes that although millionaires have a high income, they have a frugal mindset and live well below their means (most are not buying and spending lavishly like we see in the movies). He argues it’s spending less and managing your money well that will make you a millionaire.

So, there you go — three pros who have different views. And these are just a few. There are maaaaany more who have very similar and differing opinions.

Let’s be honest though — they’re both right, right?

You have to make money, and you have to know how to manage it. 

So, what should you do right now?


What Should You Do?

Here’s my advice: 1) be honest with yourself, and 2) make the wisest decision for you (ignore what people tell you).

The truth is that everyone is different — you’re different than me and we’re both different than the next person.

For the savers… If you’re a natural saver and you’re reading this, you may already live frugally, but finding out that your frugal-ness isn’t enough. In this case, you need to focus on making more money.

Here’s where you can find all my make more money blog posts – Make More Blog Posts.


For the spenders… If you’re a spender, you need to focus on spending less. That’s your pain point. That’s what’s hard. And you know it deep down. So, focus on spending less and managing what you do have.

Here’s the link to all my spend less blog posts – Spend Less Blog Posts.

You can also check out my Ultimate Guide To Budgeting.


For both… If you’re somewhere in the middle, you need to cut back on your spending and you need to make more money. I consider myself in this category because I’m a natural spender so I need to cut back, yet I have massive student loan debt, so I need to make more. This is why I built my blog up in the first place. I went from side hustling to creating a full time gig, which is amazing (if you want to start a blog, read this).

The bottom line is you need to sort through the information and decide what’s right for you. Only you know whether you’re a spender or a saver. Only you can decide what you should be doing.

There is so much information out there. Decide in your heart what’s right and go with that.


My Experience

I am a natural spender. I love to shop. I know it’s the wisest decision for me to not have a credit card (I’ve never had one). Most people think I’m nuts, but I don’t listen to them. It makes my life so much easier without having any temptation.

Being a spender is why I started to learn about money. I didn’t understand how I could be an attorney and in so much student loan debt. I thought I was going to be super rich. And because of this, I’ve been on a mission to learn about money ever since. I’ve gone from lawyer to financial planner to online entrepreneur, and it’s been amazing. You can read my full story here.

This is just my story, though. Yours is different. The most important advice I have to give is to know yourself and do what’s right for you.

Make a decision, create a plan, and move forward toward your financial goals, doing what is wisest for you.



If you are ready to do more — whether it’s spend less or make more — here’s a list of resources to help you get started.


Resources For Making More

Here’s the link to all my make more money blog posts: Make More Blog Posts.


Resources For Spending Less

Here’s the link to all my spend less blog posts: Spend Less Blog Posts.


You can choose to do one or both — make more or spend less. I know that you have to focus to do either of these well, so take the time and put in the effort. I’m doing it, too, so I get it! 🙂