Mindful spending = making conscious financial decisions.
Do you spend every dollar with intention? Do you thoughtfully consider each purchase before making it?
To determine whether or not you are a mindful spender there are two key red flags to be aware of: a) you spend money spontaneously and b) you spend money while under the influence of others.
The simplest way to become a more mindful spender is to ensure that every purchase made is one that you feel is adding value to your life and one that comes from intrinsic desire. Making a purchase (whether it be an object or experience) to please or impress others isn’t benefiting you and your hard earned dollar.
Next time you go to make a purchase, stop and ask yourself, “who am I trying to please?“