Mindfulness means being present in the daily choices you make.
Mindfulness sounds simple, and yet, for most of us, it’s challenging to stay mindful. We’re easily distracted by patterns of our behavior, routines, never-ending online notifications, daily activities, and moment-by-moment thoughts. Mindfulness involves taking ourselves off of autopilot and reframing the things we are accustomed to doing.
These same guidelines about mindfulness in general can also relate to being “money mindful.” It’s about staying present and aware of the choices you make as it relates to money.
The Money Mindful Moments you’ll read today will help you to become more intentional about your spending so you can bring awareness to where your money is going so you can achieve the ultimate financial goal: financial success as you define it.
When you focus on awareness of your spending choices, you ultimately shape a future that supports your overall financial wellness.
Money Mindful Moment 1: Create a Vision
Creating a vision for the future will bring a sense of purpose to your decisions today. Your financial vision will pave the way to a happier future.
If you are not sure where to start, our partners at GreenPath Financial Wellness have a team of financial experts that can help you create a vision for what you want your life to look like and how you’ll need to spend your money to get there.
Here’s a look at how some of their clients have benefitted from their financial expertise:
GreenPath coaching client, Ruth, thrives with her vision: “I’ve gotten help to achieve a lot of my personal goals. Previously, I didn’t have motivation with finances and budgeting. Financial coaching, for me, is an empowering thing; GreenPath helps you navigate your financial struggles. To me, this is valuable in getting awareness and perspective about finances—kind of like having a financial friend that holds you accountable.”
GreenPath coaching client, Jennifer, created a vision: “I now know more about where I want to go when it comes to my finances. The level of learning from GreenPath has increased my financial literacy to a huge extent. This has also been major in alleviating stress during COVID. I feel more secure that if something happens to my job that I will be okay. If there’s ever a financial question, I feel like I can always reach out to my coach without hesitation.”
Money Mindful Moment 2: Make Daily Decisions
Daily decisions help achieve what you want and what you need. Focus your time and energy on mindful decisions informed by where you want your money to go. Once your decisions align with what you wish to achieve, vigorously go through items that make up daily or weekly money decisions and match it to your budget. If the items do not fit within your budget, move them over to a future decision. Mindful spending means you are intentionally making your purchases, which helps keep your budget in check.
GreenPath Debt Management Plan client, Victoria, keeps her eye on daily decisions: “After I teamed with GreenPath counselors to get options to clear out our debt, we took their advice about setting up a monthly spending plan to get the budget under control. We kept our focus on the long-term decisions of getting financially fit with better credit histories and scores. Today, our entire money mindset is so much healthier. Our credit scores improved, which allowed us to refinance our mortgage with a lower interest rate, putting us in a better financial position.”
GreenPath client, Imoni, knows her budget decisions makes it all possible: “I feel like the budgeting doesn’t seem foreign with to me anymore. The practicality of understanding that this a normal thing to do is a part of ‘adulting’ that I never knew.”
Money Mindful Moment 3: Be Consistent
For many, being consistent with money mindfulness might be the hardest part. And take it from us and GreenPath—consistency is key. Perhaps managing money is not discussed with your families or friends, which leaves you feeling like you have to go at it alone to form new habits and routines. But the truth is, you don’t have to go at it alone.
You can tap into useful guidance from GreenPath’s caring counselors to help be consistent and more intentional with finances. From budgeting and debt management to preparing for big expenses—simply knowing the fundamentals of money management will help you tremendously in being more consistent.
GreenPath financial counseling and debt management client, Monte, improved his financial habits: “It’s exciting to have achieved the financial goals I have been able to so far, like paring down credit card debt and buying a house. I’m confident I have the tools now to make better financial decisions over the long haul.”
GreenPath debt management client, Tanisha, realized she wasn’t alone: “Having a plan to clear out past due debt and prepare my finances to help meet goals was a game-changer. I remember from the initial conversation with GreenPath there was a warmth. It felt like it was the right decision.”
Your Path to Becoming Money Mindful
As illustrated through these stories, strengthening financial habits helps improve your overall money mindfulness.
Being intentional with money can change the way you live. As you reflect on becoming more mindful about your spending and managing finances, connecting with caring, certified counselors from GreenPath is a great first step.
As a Member of GOLD, you have the opportunity to take advantage of our partnership with GreenPath, and you, too, will have options on how to be more aware of where your money is going, how to build new habits, and ultimately, increase your financial health and wellness.
If you’re interested in receiving one-on-one financial counseling, debt management services, or financial education tools and resources, please reach out to GreenPath today at 877-337-3399.