Your thoughts and focus about money will determine your perspective with it. For some people, having money is the equivalent of having reached the top of the ladder when it comes to their standing in life.
They tie up how much money they have with who they are as a person. If they have plenty of it, then they feel a greater sense of self worth. But when you equate the money you have to whether or not you’re worthy as a person, that can backfire.
When the money isn’t plentiful, people who tie their self worth up in will then feel bad about themselves and about their lives. Being mindful about money can not only help free you from associating wealth with your self esteem, but it can also set you free from money habits that can be self destructive.
Being mindful about money means realizing why you believe what you believe about money. People who grew up struggling from paycheck to paycheck will view money differently from people who grew up in an affluent lifestyle.
The way that you were raised will play a part in how well (or not) you deal with money. Children who grew up where there were financial struggles can often become workaholics because as adults, they want to make sure that they have enough.
The sting of having done without will drive them to accumulate more money and possessions than they did. Often, this drive will be at the expense of relationships and taking time for themselves.
People who’ve always had plenty of money can be a little less careful about reigning in spending and that carelessness will often come back to bite them. Being mindful about money means recognizing that money is a tool that can be used for good in your life but not making it the center of your life.
Chasing after wealth means that you pay for it in other ways that you may not even be aware of. Mindfulness can help you to focus on keeping money in the right perspective. It can also help you not be stressed when you do have money struggles and it can help you to realign your thoughts about money with the goals that you want to reach.
When you practice mindfulness, you can let go of the feelings that are tied in to how much or how little money you have. If you want to change how you handle your money, you have to first begin with a mindful look at how you truly view it.
If you don’t practice mindfulness, you may be unaware of the fact that your spending or saving habits and your long term financial planning can be tied in with what you feel and what you think about money.
This can impact the way you treat money. Everyone has times where they weren’t as wise with their money as they should have been. The problem arises not so much for those experiences, but from when you start beating yourself up about how you reacted in those experiences. Mindfulness lets you view your current financial situation without making any kind of judgments about it.