What is Money Mindfulness?
What Do You Believe?
Everything you DO with money makes perfect sense if you know what you BELIEVE about money. If you believe that money is a necessary evil, you may resist saving. If you believe there will never be enough money, you may be reluctant to spend it. Our money fears and fantasies set the stage for how we behave and our ability to use money to get the life we want.
Be Present with Your Money
Being present with your money is the practice of money mindfulness. This really isn’t about doing anything differently, but simply noticing what you do and how you feel about the choices you make. You can do this in a journal, on index cards, or on the back of your spending tracker.
(Still haven’t started tracking your spending? Check out our tips for tracking your spending habits.)
Here are a few things to think about:
- How do you define financial success?
- What will your life look like when you have achieved financial success?
- How will the people you care about be affected when you achieve it?
- What is one thing you can do this week to move in that direction?
By now, you probably have learned that you can do ANYTHING you decide to do about your financial choices. It’s not about right or wrong, but being mindful and present in all of our money decisions. If you want to learn more about money mindfulness, check out this article. You can even make mindfulness part of your day with a free meditation app, like Insight Timer.
For more on aligning your money with your values, check out this video.
Saundra Davis is a nationally recognized financial coach and educator. Her experience in the U.S. Navy, where she made every money mistake possible, and her 20 years serving community-based organizations led her to the reality that the best way to help people find a path out of poverty is to help them become their own financial expert.