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.
217
779 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to start a successful business
How to build a strong team
How to market your business
Related collections
Similar ideas to Mindful spending
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 ...
Train yourself not to adapt
We have this idea that if we just make a certain amount of money, we're going to do great. But it doesn't work like that. We find ourselves always adapting our spending and lifestyle to our income.
Be careful with your spending even if you suddenly have more than you need. Don't chase tempo...
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...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates