Mindful With My Money

 

Summer is here and I know everybody is ready to blow a bag and I completely understand. There’s baecations, girls trips, family trips, birthdays, concerts, new cute summer clothes like how can you not? I’m not totally against spending money, but I definitely feel we should be more mindful about how we spend it.

So how can we spend summer ‘19 living our best life while still being mindful of how we spend our money? Here are ten steps you can take to spend money more mindfully so that you end up wasting less of it.

Step One - Think Before Spending

Majority of us use debit or credit cards just swiping away with ease and convenience. Unlike pulling out a wallet of cash to see your funds and how this current purchase might break the bank we slide our card with absolutely no second thought. One thing that may help us when using debit/credit cards is to enable text alerts that update you on your balance after every purchase. This will not only keep you up to date on your current balance, but will also be a constant reminder of how much you’re spending.

Step Two - Declutter

Before shopping for a whole new wardrobe this summer go through your closet and see what you already have. Do those dark blue jean shorts still fit? Don’t you have like 6 pairs? Ok, well then you don’t need the new pair you see in Forever21 just because they’re 20% off. Avoid adding to your things if it is not necessary. I know sometimes we get tired of wearing the same things. When you declutter by getting out all the things you won’t wear again you can do something positive by donating them to a thrift store. The bottom line: go through your sh*t before buying more and becoming a hoarder :-)

Step Three - Reward Yourself

I know you’re thinking “this doesn’t really sound like being mindful about your spending”, but hear me out. Saving money can sometimes be hard, but I’ve found that rewarding yourself after making mindful choices can be a huge motivator. For example, say your money goal is to save $500 by the end of the month. Once you save that money reward yourself with a spa day. That way, you positively reinforce the mindful behavior and make it more likely that it will turn into a permanent habit.

Step Four - Use Cash

This is my go-to when I don’t want to over spend on my Target or Walmart run. We all know how easy it is to pick up any and everything we feel like we “need” when in all reality we only came to buy one simple thing. You need to spend $30 on body wash and shampoo? So bring JUST that, plus tax. In & Out. I’m sure your spouse or kids will thank you on the ride home.

Step Five - Use Apps

There are plenty money savings apps that not only help you find areas where you are spending too much money, but will also help you to save money. Apps like Chime offers an automatic savings account, which allows you to start saving money without thinking about it by automatically setting aside 10 percent of every paycheck you deposit into Chime. The Digit app looks at your current income and spending. It then calculates what you can save and puts that amount aside in an FDIC-insured Digit account. I highly recommend checking out those two, but there are plenty more in the app store.

Step Six - Be Intentional

Us girls are quick to see something pretty and just HAVE to have it. This is the time to put your mind in control and ask yourself “do you need this, will this purchase bring you happiness?” Impulse shopping can seriously break your pockets and leave you at home asking “why did I even buy this?” Before unplanned impulse purchases give yourself time to think about if it will really serve you purpose.

Step Seven - Review Your Spending

If you are not reviewing your bank statements you’re sleep sis. Period. I don’t even think I need to go on.

Step Eight - Cook More / Eat Out Less

Mindful spending results in eating out less. This is a positive lifestyle change which will result in creating healthy habits. Eating out is convenient, but not always healthy. Know what you’re consuming and make your own food. If you don’t know how to cook, get a cookbook and learn I promise it’s fun.

Step Nine - Create A Savings Goal

Having a clear vision of what you want will help you reach your goal. Creating a savings goal will help you to know exactly how much you should be saving per paycheck and hold you accountable to reaching that set amount. Being able to visually see your savings goal on paper helps you stay focused and avoid spending money unnecessarily.

Step Ten - Live At Your Own Pace

In the world of social media it’s easy to try to keep up with the kardashians. You’re not Kim K, you are you. To live mindfully means to be at your own pace, in your own space, loving the life you have. Don’t let the pressures of society force you to try and be someone you’re not. Life is good at the level you’re at. That level is meant for you in this current time. God has your path already designed. Express great gratitude in your current level by being content with your surroundings. Stay filled with faith that what is meant for you has already been given, in due time.

 

Hey my name is Deesha, CEO of She Elite

She Elite is an organization designed to help women find balance and live a more mindful life.

Finding balance results in total well-being for better performance, better relationships and better health.

My organization focuses on mindfulness because it teaches us how to take control of our mind, body and surroundings to create that Elite lifestyle that we all desire.

 

 

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