The article was subsequently picked up by media from different parts of the world. Here is an excerpt from the article, with quotes by Laura Thompson highlighted in blue:
To get a better idea of just how good or bad your spending is, try tracking it. You can do this by writing down everything you spent on a pad or in a spreadsheet, or using an app like Mint that categorizes your spending for you. Maybe do it for a month or two and see what you find. Some people print out their credit card and debit statements and use a highlighter to pore over their spending.
“It’s important to approach this process from a place of curiosity, not judgment,” said Laura Lee Thompson, a certified financial planner at GWN Securities. “Doing this helps to answer the questions: Does the way you spend your money align with your values? Followed by, is there anything that can be eliminated – or can you find a less expensive way to get it?”
You might find that your cable or cellphone bills would be less expensive with another provider, or that you’ve been paying for a magazine subscription you haven’t looked at in years. “The process can be empowering as it helps the retiree become more intentional and cognizant of their expenses,” Thompson said.