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Mindful spending

Before spending money on something, ask yourself: Do I need it? Do I love it? Do I like it? Do I want it?

  • Needs relate to: food, shelter, clothing, water. Things you must have to maintain your health and safety. 
  • Loves will continue to give you joy six months to a year from now. 
  • Lkes give you temporary joy, in under six months you might not remember. 
  • Wants are fleeting.

Take care of your health and safety and loves that give you lasting joy, and less money toward likes and wants. The more money you spend on likes and wants, the less money you have for needs and loves.

215

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MORE IDEAS ON THIS

Changing bad money habits

  • You can't break something that you don't acknowledge and see. Ask yourself: what is the habit that I'm seeing in myself?
  • Explore where it came from. 
  • Practice in a safe environment.

163

778 reads

Our relationship with money is emotional

Our relationship with money is emotional

Money is so much more than dollars and cents. Our relationship with money is emotional. Hopes and fears, guilt, and shame can all play a significant role in our financial life.

And those feelings can be tied to lots of things: our upbringing, our environment, and all the money messaging...

183

4.76K reads

Financial wholeness

Financial wholeness happens when all aspects of your financial life (budgeting, savings, debt, credit, learning to earn, investing, insurance, net worth) are working congruently for your greatest good, your biggest benefit and your richest life.

It doesn't ...

175

739 reads

CURATED FROM

CURATED BY

lolaf

"You have to go broke three times to learn how to make a living." ~ Casey Stengel

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Saving Enough of It

To ensure that you save enough money, your wants should not exceed your budget.

  • Track your spending for at least a month.
  • Trim the fat. Break down your wants and needs.
  • Adjust according to your changing needs.
  • Build your cushion. Aim to save around three to six ...

Month 1 – Commit to personal growth.

Month 1 – Commit to personal growth.

I throw myself to the wolves whenever I want to start something new. I never prepare first. And the trial-and-error paradigm can help build a solid base. But you don’t have time for this in six months.

You need a pla...

Types of people

Types of people

Category 1: Losers

People who always see negative in everything and put in the least amount of effort or no effort at all. They are least bothered about what is happening around them. They will only crib and complain about how the world is. They will say someth...

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