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Mindful Monday Tip #4: How Do You Use Your Financial Resources?

 

Becoming mindful of money in a plastic age is a worthy goal.  Money is a top cause of stress for about 75% of adult Americans (American Psychological Association).  Clearly too many of us seem to experience stress and anxiety about how much money we lack. Yet how often are we truly aware of how we use  money?  In their Anthem “For the Love of Money”, the O’Jays declared that “money is the root of all evil”, but the Bible says that “love of money is a root of all sorts of evil” (1Timothy 6:10, NASB).  While the O’Jays’ declaration resonates with some people, I think the ancient writer was on to something: how we use money can be a source of all kinds of trouble – especially if we use it mindlessly.  So this week’s tip is about becoming aware of how you use your financial resources.

Mindful Monday Tip #4: Mind your Money

  1. For one week, keep a record of each purchase you make: cash, credit/debit card, or check.
  2. Record the date, amount of purchase, and what you bought (without changing your habits).
  3. Do this with curiosity and without judgement.
Becoming mindful of how you use money is a first step to creating financial change and reducing financial stress.
 
What might you discover when you become more aware of your spending habits?
 
If you try this tip and find it helpful, please let me know on my Facebook page or leave a comment here.     

 

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