They say that money cannot buy happiness, but did you know that happiness can bring more money into your life? It’s true, from a certain point of view. Having a healthier mindset filled with gratitude and thanks can lead to healthier financial behaviors. Let’s look at a handful of gratitude and appreciation practices you can add to your life.
The “I Have Enough” Principle: Cultivating gratitude for what you have can help reduce impulse spending. For instance, shifting from worrying about what you don’t have to what you do have can minimize the urge to buy small things to fill the void left by what you may be lacking.
Financial Patience is a Must: Those who are willing to wait for a reward are more likely to succeed in long-term wealth building. By delaying instant gratification, you can promote future-mindedness. In short, shift from a get-rich-quick philosophy to one of long-term investing for a brighter financial future.
Practice Financial Appreciation: Gratitude can foster an abundance mindset. The goal is to see opportunities rather than obstacles. For example, instead of seeing bills as a drain on your finances, be thankful that you can pay those bills and make a small deposit into your savings account.
Keep a Grateful Financial Journal: Every week, write down something you are financially grateful for. An example includes, “I’m thankful that I have deposited $20 into my emergency savings account.” Journals promote mindful thinking, and in this case, can help you be grateful for what you have and possibly spend less on things you don’t need.
Make Mindful Purchases: Before you buy anything, ask yourself if you really need it. Are you purchasing the item out of boredom, fear of missing out, or do you really need to make the purchase? By asking yourself this basic question, you will find yourself making far fewer impulse or retail therapy purchases.
Boost Your Financial Wellness
More Financial Wellness Matters blogs on topics ranging from financial self-care to protecting your financial health are coming soon. Twice a month, we’ll dig a bit deeper into the relationship between financial health and overall well-being, shedding light on the behaviors and beliefs that drive money relationships. With simple tips and proven insights, we hope to enhance your financial well-being and help you live a healthier, happier life.