Wednesday, November 1, 2017

November 1 - Mindful Spending

The price of  anything is the amount of life you exchange for it.

A topic I've rarely addressed in this blog is that of money. I feel like I'm financially in an okay situation, but deep down I know I could be in a much better place. Not one to like following a budget or deprive myself, I tend to have a recurring habit of trying to earn extra money when things get tight. I've done numerous direct sales adventures over the years, many of which were prompted by my need (or want) for money. (Yes - you can make money in direct sales, although I have yet to make the "big" money.) Many of my direct sales business ventures I've truly enjoyed and they really didn't seem like extra "work". But regardless of my level of enjoyment and extra income, there was one thing I was giving up - TIME! Eventually, because of the time commitment it took to do a good job, I'd quit my business or stay minimally active. 

Today, finding myself a few months before Christmas, I have found myself researching the internet for new "opportunities" and thinking about becoming more active in the few I'm still involved with. Then I asked myself - "If I were more mindful about money, would this be necessary?"

What does it really mean to spend mindfully? I like the definition I found from this blog post:

Mindfully spending your time and money means pausing to consider the impact of each expenditure on you, your life and the lives and environments of those around you.

Do I really do this? Since I can look over my expenditures at different stores and not even remember what I purchased, I'd have to say "No!" In order to spend more mindfully and in a manner that is consistent with my priorities, I am challenging myself to ask the following questions before spending money.

Why am I buying this ...?
Is this something I could live without?
Am I replacing something with this purchase? If not, do I really NEED it?
Can I make it myself?

The bottom line, we need to all remember  - Why before Buy!

 





Days 317-331

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