How to practice mindful spending

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Notepaper and math signs. Text, Bank notes. U. S. Bank. A man sits in a bright room.

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If you want to spend less and save more or if you are prone to impulse spending, mindful spending may work for you. It involves being aware of how you think about and act with money.

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Text, How to practice mindful spending.

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Start building these mindful spending habits to cut down on unnecessary purchases and divert more money toward your goals.

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Text, Slow things down. Disable one-click buying. An arrow clicks a red shopping cart button on a computer screen.

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A good place to start practicing mindful spending is to slow down your spending habits. Consider disabling one-click buying if you shop online. The more time and effort it takes, the less likely you'll make impulse purchases.

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Red dollar signs flow up from a credit card. Text, Use cash.

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When possible, use cash.

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A stack of money slides away one bundle at a time, leaving one bundle.

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Try withdrawing only the amount you need before your next shopping trip so it's harder to exceed your budget, and you'll think twice about those impulse purchases.

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A checklist. Text, Make a list.

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Make a list before you shop, and challenge yourself to stick to it.

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Bundles of money fall into an envelope. Text, Set aside guilt-free spending money.

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Once the essentials are covered, set aside a chunk for guilt free spending. Rewarding yourself may help you stay successful in the long run.

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A stack of money with a question mark in the middle. Text, Talk it through.

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Before buying something you don't need, ask yourself, can I afford this? How many work hours will it take to earn that money back? What else could the money be used for? It can also help to find an accountability partner, someone who will motivate you to stay on track.

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Bundles of money on notepad. Text, Financial self-reflection.

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Review your spending regularly. You may be surprised to see where your money is going.

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Three stacks of money with pictures in the middle of bills, a smartphone, and a piggy bank. Text, Review your spending regularly.

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But you can use this knowledge to prioritize.

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Text, Evaluate your long-term goals.

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Finally, evaluate what's important to you and what will bring you more happiness in the long run. Maybe you're eyeing that new smartphone. But if your dream is to get your business off the ground, you'll probably feel better about saving that money instead. Practicing mindfulness can help you invest more in what matters to you most, ultimately bringing you more joy and fulfillment.

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