Ep. 7: Money Habits
“Miracles... seem to me to rest not so much upon... healing power coming suddenly near us from afar but upon our perceptions being made finer, so that, for a moment, our eyes can see and our ears can hear what is there around us always.”
- Willa Cather, Death Comes for the Archbishop
Ep. 7: Money Habits
Humans are creatures of habit. This week, Dr. Maria Nemeth talks about some good and bad money habits that she’s learned over the years.
Listen in as she breaks down the psychology behind them and how you can learn to change them little by little.
Listen on your favorite platforms
The mind creates a habit when it frequently uses a behavior enough to master it, and it almost becomes automatic. If you wish to modify a habit, such as how you handle money, you must examine it. Examine your purchasing patterns. Developing the healthy habit of becoming aware of the energy of money and your relationship with it is essential.
How conscious you are with little money transfers to how conscious you are with a lot of money, and you start to learn how to work with this kind of energy.
When you track your spending, you will be able to see your spending patterns and how much goes into each item. Many of us frequently spend without keeping track, which results in excessive spending habits.
Tracking your spending introduces the principles of leaky and deliberate spending. When you spend money without being able to justify it, that is leaking. As a result, you will become aware of the things you need to stop doing and steer clear of because they are draining your finances yet are not really necessary.
As you become aware of your leaks and decide to address them, you might even decide to save money or shift the money to another use. By pushing yourself to examine your spending, you might start to develop a good money habits. This lovely, priceless energy is not always found in large spaces.
So it’s as simple as repeating a behavior for 30 days to develop a habit. Are you willing to keep track of every dollar you spend over the course of the next 30 days?
While tracking, it may be necessary to practice self-compassion due to guilt or to seek assistance or accountability for the task. We try to postpone taking action out of guilt, which leads us to resume leaking.
- Track your spending
- Identify money leaks
- Take action on leaks
- Write down what you are grateful for about money