How to Become More Mindful About Your Finances

Sometimes spending less money is all about becoming more aware of how money leaves your wallet daily. It sure pays to become a bit more mindful about your spending habits.

Financial Mindfulness can simply be described as the art of developing increased financial awareness and acquiring the necessary knowledge, and tools to help you make  better decisions with how you make, save, spend and invest your money.

Financial mindfulness isn’t a one-time thing; rather, it’s a state of being. It means spending in a way that aligns with your goals, values and also makes you feel happier and more purposeful.

Here are 3 Simple Ways You Can be More Mindful About How You Spend;

1. Set a Budget and Financial Goals; developing a budget and financial goals is a critical step to achieving financial mindfulness. By clarifying your specific goals surrounding your finances, you’re easily able to gauge whether a specific purchase fits within your values or not. Because, spending aimlessly without a goal or any plan will never allow you to reach your goals. We strongly advice you develop a flexible budget that allows for periodic savings, investments and additional spending money for your occasional purchases that brings you happiness.
2. Track Your Spending; make a straightforward bookkeeping page to monitor your buys on a daily or weekly basis. And for your online purchases, you can keep a track on them by making use of the list of transactions your card or bank provider offers.
3. Control Your Impulse Spending;  When you learn to control your tendencies to spend money impulsively, you’ll be more likely to meet your financial goals with time. Financial mindfulness helps you ask critical questions to reflect on like; why do I feel bad? Do I really need this thing? Will I want this thing tomorrow?

Always Remember, that financial mindfulness is achievable at every level of income and it’s very essential for living a fulfilled life.