Applying Reflective Practices to Personal Finances
Reflection is a key exercise in life. It has the power to bring clarity to our values and make sure we are aiming for the right goals. A powerful tool for reflection: the question. Questions not only help us gather information and help us understand. A good question can also alter our perspective. Below are some questions to get you thinking about your money.
“I visualized where I wanted to be, what kind of player I wanted to become. I knew exactly where I wanted to go, and I focused on getting there.” —Michael Jordan from I Can’t Accept Not Trying
Give yourself about 30 minutes to respond to these. You can copy and paste them into the comments below or in a working document.
Eight powerful questions to reflect on your relationship with money:
- How do I view money differently than I used to?
- What does saving mean to me?
- When will I know I am successful?
- What is my reason for saving?
- Does this purchase truly align with my values? If yes, how? If not, why?
- If I were to radically reduce my spending? Would I be any happier? What would I do with the money I wasn’t spending?
- Is there a different way to arrange the inflow and outflow of my cash? What would it affect if I were to change anything?
- How could I get my money to be a more productive ’employee’?
Spend some time answering these questions. You may get some new insights into your money.
We’d love to read your reflections!