How can I be financially mindful? To put financial mindfulness into practice, check in with yourself before making a purchase to take stock of how you’re feeling. Mindfulness, or the practice of being fully present in the moment and aware of your surroundings, might bring to mind a yoga class or a meditation app.
Why it is important to be mindful of our finances? If you are money mindful, you could turn those dollars wasted on impulse buying into savings for your goals. Tracking your daily spending helps you spot unnecessary purchases and makes you more aware of where your money is going.
How do you spend mindfully?
- Set some lifestyle goals around what you want and who you want to be.
- Picture that end goal when making purchase decisions.
- Connect to your financial future and factor your financial position as a whole into your purchase decisions.
What does it mean to spend mindfully? Mindful spending involves making spending decisions aligned with your induviduallity. By slowing down and gaining an appreciation of how money helps you live, you can increase your spending confidence, reduce buyer’s remorse, decrease the stress of decition making, and create a life you love.