There are ways to spend money that will make you happy. Nonetheless, our spending habits don't always match the things that are important to us. If yours don't, it might be time for a change.
J.D. Roth, over at Get Rich Slowly, suggests that many of us have spending habits that aren't really in line with our goals. To find out if that's the case for you, Roth suggests the following steps:
- Quickly — without thinking too much — write down all the things that are important to you and that you want in life.
- Analyse your spending records over the past year by category. (You can do this easily in Mint, QuickBooks, or pretty much any financial software you may be using. You can also just take a look at what you own if you're not tracking your finances.)
- Compare the two lists.
If the two lists line up, you're probably spending the way you ought to. If they don't, you may want to consider ways to spend your money in other categories that will help you meet your goals. Every time you consider buying something, just ask yourself if it's in line with what really matters to you. That can make the decision much easier.
Does Your Spending Match Your Values? | Get Rich Slowly