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.
Reduce Your Stress Levels
Just the thought of money can invoke negative emotions in people. When this happens, it often goes from worrying about money to now dealing with anxiety. Meditation is a tool that can help combat the initial response to financial stress so anxiety doesn’t arise when money is thought of. It’s also extremely effective because it slows down your thought processing so you can breathe, focus, and think about how you’re going to respond, not react to negative thoughts and emotions.
Increase Your Positivity
People can find happiness by spending their money when they feel down. This is a bad habit which leads to a further spiral of feeling negatively towards money. Through the use of meditation, you can find internal happiness so you no longer have to rely on external sources for happiness. After all, wouldn’t it be better to spend your time doing something that makes you happy rather than spending your money on something that will be short-lived?
Improved Decision Making
When it comes to making financial decisions, there may never be a “right” answer. But it’s important to recognize that more often than not, there is one option that is better than the other. If you’ve found yourself making irrational financial decisions out of anger, out of happiness, out of stress, one of the first steps towards your financial success is to stop in your tracks.
Meditation will help you make better decisions so you aren’t making rash decisions that lead to future financial burdens. It’s all about being mindful and recognizing different situations to create a happier, more well-informed you.
Hone Your Concentration
Meditation techniques are all about reprogramming your mind. Your brain is a muscle, and these methods will help you heighten your focus and concentration so you can strengthen the concentration part of your brain. This not only helps with your financial mindset but in your daily life as well.
Improved concentration can help you control yourself so you are making strategic, well-thought-out financial decisions rather than jumping the gun.
Start Practicing Today
Getting started today will not result in financial freedom tomorrow. It’s a gradual, methodical approach to reprogram your current financial mindset.
We have a specialized GMS (Guided Meditation and Suggestion) solution to help you develop a better money management mindset. We’ll help you work towards your financial goals so you can have a positive, long-term relationship with money. We’ll work with you every step of the way to develop a powerful mindset that will make money-saving behavior and future thinking a natural part of your identity. Get in touch with us today to create a money management approach that works for you and your lifestyle.