In this video, I share how to practice mindful spending as a beginner and jump start your journey to spend money wisely - for you! These 4 basic mindful spending steps can create more happiness and satisfaction with your spending decisions (no matter where you are in your personal finance journey.)
Because without mindful spending, your spending and money management can make you feel like asking a Magic 8 Ball, “What Should I Buy?”, to decide how to spend your money.
Check out this video to discover: What is Mindful Spending?
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As for why YOU need mindful spending, I explain the difference between traditional personal finance management and mindful spending here:
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0:00 What Should I Buy?
1:45 Refresher: What is Mindful Spending?
2:05 Why Mindful Spending Works
2:15 Step 1
2:55 Example #1: Pride of Ownership
3:53 Example #2: Volunteering Time
4:53 Step 2
5:56 The Hardest Part of Practicing Mindful Spending
6:25 Two Questions to Find the Emotion Behind Your Spending
6:57 Step 3
8:30 Step 4
9:50 A Key Point When Practicing Mindful Spending
10:45 A Word of Caution
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