Money Values: How You Spend & Why (Expert advice on spending)
When it comes to managing your money, have you ever stopped to ask yourself why you spend the way you do? It's not just about numbers in a spreadsheet or apps on your phone. Your spending habits are deeply connected to something more personal and powerful: your Money Values.
New here?
- Follow Corey on Instagram.
- Get the free mini-course to design your Rich and Meaningful Life.
And join other readers around the world who get our free guides and step-by-step strategies to design their Rich and Meaningful Life and achieve financial freedom – all tactics, no fluff.
Money Values: How You Spend & Why (Expert advice on spending)
When it comes to managing your money, have you ever stopped to ask yourself why you spend the way you do? It's not just about numbers in a spreadsheet or apps on your phone. Your spending habits are deeply connected to something more personal and powerful: your Money Values.
Understanding Your Money Values
Your Money Values are the compass that guides you towards your Rich and Meaningful Life. They're not just about what you spend money on, but why those things matter to you.
When your spending aligns with your values, you experience a deep sense of satisfaction and purpose.
But when your actions don't match your values, you might feel unfulfilled, anxious, or even resentful.
Let me share a quick story. I once met someone who spent 35 years in a job they hated, always dreaming of the day they could retire and pursue their passions. By not prioritizing their values of creativity and freedom, they missed out on decades of potential joy and fulfillment.
Don't let this be you!
Discovering Your Money Values
So, how do you uncover your Money Values? It's time for some honest self-reflection. Here are some categories to consider:
- Family & Friends: How can you make your relationships a big part of your Rich and Meaningful Life?
- Experiences & Adventures: What kind of experiences light you up inside?
- Health & Fitness: How can you prioritize your wellbeing?
- Work (Business & Career): How can your work contribute to your ideal life?
- Hobbies & Personal Interests: What activities bring you joy and fulfillment?
- Self-Improvement: What kind of personal growth excites you?
- Charity & Service: How can giving back be part of your Rich and Meaningful Life?
- Spirituality: How can you nurture your spiritual side?
For each category, think about what truly matters to you. Maybe it's planning fun getaways with friends, investing in a home gym, or attending workshops to boost your career skills. The key is to be honest with yourself.
There are no wrong answers here!
Aligning Your Spending with Your Values
Once you've identified your Money Values, it's time to look at how they align with your current spending. You might be surprised at what you find! Are you spending money on things that don't really matter to you, while neglecting areas that could bring more joy and meaning to your life?
Here's where the magic happens. Instead of following a rigid budget that tells you what you can't do, create a Meaningful Spending Plan that supports what you want to do.
This isn't about deprivation - it's about intention.
For example, if connecting with friends is a top value for you, maybe you allocate more money for social activities or travel. If personal growth is important, perhaps you invest more in courses or coaching. The goal is to direct your resources towards what truly matters to you.
The Power of Intentional Spending
When you align your spending with your Money Values, something incredible happens. You start to feel more satisfied with your financial choices. That guilt you might have felt about certain purchases? It starts to fade away. Because now, every dollar you spend is supporting your vision of a Rich and Meaningful Life.
Remember, this isn't about judgment. It's not about what you should value, but what you actually do value. Your Rich and Meaningful Life is uniquely yours, and your spending should reflect that.
Taking Action
Ready to discover your Money Values and transform your relationship with money?
Here's a simple exercise to get you started:
- List out the categories mentioned above.
- Under each category, write down what a Rich and Meaningful Life looks like for you.
- Look at your current spending. How does it align with what you've written?
- Identify areas where you can adjust your spending to better support your Money Values.
This is just the beginning of your journey towards a life where your money truly supports what matters most to you.
Want to dive deeper? My Design Your Rich and Meaningful Life mini-course walks you through this process step-by-step, helping you create a comprehensive plan to align your finances with your dreams.
It's time to stop just managing your money and start using it to build the life you really want!
Take the First Step Towards Your Rich and Meaningful Life - Enroll in my Mini-Course Today!