Money is often referred to as the root of all evil. Also referred to as one of the most stressful things we have to manage in our lives. With roughly 72% of Americans feeling stressed about money at least once a month, money is always on our minds.
It would be great to wake up one day and find a red carpet leading to an abundance of money. That just isn’t reality. Reading and hearing about wealthy people and how they became successful is a good tactic, but those are also rare situations. One of the more achievable and effective ways to reduce and manage personal finances is through the use of meditation.
We’re not talking about sitting on the floor in silence saying “ommmmm” for 15 minutes a day. Meditation to manage personal finances involves being mindful of your situation.
Meditation for Financial Stress
When seeking ways to manage your financial stress, meditation probably isn’t one of the first alternatives that comes to mind. However, it’s a powerful tool that is often underutilized and underappreciated. Meditation for managing your financial stress can help calm your nerves, be more mindful and cognizant of your financial situation, and have a more positive relationship with money.
Far too often people would rather avoid discussing their finances and see themselves dig deeper into a financial hole. Money can be embarrassing to talk about, especially if you have less than your friends. But avoiding it altogether does more harm than good.
Meditation for financial stress will help reprogram your mind to reduce anxiety so you can respond more effectively to financial stressors.
Why You Should Get Started
Once you’ve identified the fact that you no longer want to be part of the 72% of Americans stressing about finances, you’ve taken the first step towards financial freedom.
Increase Your Self-Awareness
If you had to break down your spending habits for the past week, two weeks, month, could you do it? If you’re someone who often spends money on small items, a soda each day, eating lunch out several times a week, small knick-knacks for your home, these small, inconsequential purchases begin to add up. They can add up so much that you find yourself scrambling at the end of each month just to make sure you have enough to pay for your living expenses.
By reprograming your financial mindset, you can recognize these meaningless purchases and create a pathway to your financial relief.