Become a Thoughtful Spender

From building a simple budget to reflecting on your past purchases, the following tips can help you become a more thoughtful spender and improve your financial life.

Create and Follow a Simple Budget

Do you know where your money is going? Are you aware of how much you spent on food or fun last month? Creating and following a budget can help you answer these questions. A simple budget can be the first step toward saving, smart spending and, ultimately, financial health.

Do You Need It or Just Want It?

Before you swipe your card or hand over cash, ask yourself: Do I need this item or do I just want it? Is it in my budget? Try to avoid impulse buys and give every purchase you make a second thought.

Put Your Next Purchase on a 24-Hour Hold

Do you feel like you make a lot of unplanned purchases? Next time you feel the urge to buy, try waiting 24 hours. You may wake up the next day and realize you don’t really need that item. If you still want the item the next day, then maybe it is a good buy!

Do an Annual Subscription Review

Are subscriptions or other recurring expenses burning a massive hole in your budget? Consider how you can consolidate streaming services or cancel subscriptions you find yourself using less. Remember, you can always sign up if you regret cancelling!

Reflect on Your Past Purchases

Spend some time thinking about your recent purchases. Do you think making the purchase was the right decision? Reflecting on past purchases can help you identify good and bad spending habits. If you feel good about your recent purchases, you’re on the right path!

Hero Pane Image