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Financial Wellness Is About Understanding Your Financial Behaviors
I thought for today's blog post I would try something a bit different. I have become increasingly convinced that financial wellness is entirely a matter of understanding one's financial behaviors and strengths, then creating a boundaries and systems to help make well-informed financial decisions.
So for my blog post today, I'd like to challenge each of my readers to take the following steps:
First, recall a time when you made a financial decision which you recall fondly and makes you feel pride. Really let the memory and feelings fill you. Re-experience that moment.
Next, think about what led to that decision and what was in place that allowed you to make that decision. What were the circumstances. What types of boundaries had you set for yourself. Take a moment to really consider what had freed you to make that decision.
Finally, commit to allowing yourself to make financial decisions in this manner more regularly. Put in place the same circumstances that allowed you to make that initial financial decision that brought you pride.
Financial wellness is all about allowing yourself to make good financial decisions more frequently. This requires deep consideration about your financial behaviors and patterns, then creating boundaries and processes that allow you to make good decisions more frequently.
For me, this meant using primarily cash for day to day spending and forcing myself to physically go to the bank when choosing to spend extra money. The act of having to drive to the bank has often been enough to give me pause about a financial decision and make me consider more fully how much I valued the purchase I wanted to make.
What types of systems would help you make better financial decisions? Give it a try and commit to a financial behavior change. Commit it to paper, or as a comment below. Often telling others your plans can create a stronger commitment to the plan.
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Photo by: qthomasbower
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