Gratitude and Money

Here are some ways how to keep your financials on track.

Living According to One’s Means

Can we all agree that money is important? Notwithstanding the general statement that money does not or cannot buy happiness. It is evident beyond any reasonable doubt that money provides a secure existence. The problem is, a majority of us were raised with a cultural bias about money. Where wealth and the wealthy are treated with suspicion, where we are taught not to envy them but to see the limitations that wealth has and the potential trouble it can create. 

Some of us have grown to see money as dirty, as though being poor is a virtue. However, there is nothing virtuous about being poor, or being in debt, or watching loved ones live as destitute. There is a quote which goes thus, “wealth does not lie in amassing a treasure of great possessions but in having a few wants”, this can also be further explicitly rephrased as “wealth does not lie in amassing a great worldly possession, but in having satisfaction and being contented with a few wants” because gratitude for what you have is probably the best insurance against greed. 

Since it is a human nature to keep wanting more -because the more we get our needs met, the more we have other needs- how then does having an attitude of gratitude secure the state of our finances and ultimately shield us from the irritable consequences that comes from greed? This is not easy, but the best answer is to focus only on God, never worrying about those future needs which have to be met and to keep being contented. 

Planning and Managing your Budget

Often times people tend to spend money impulsively when they are frustrated, trying to lift up their spirits, or just for the fun of it. There are times when we make budgets on how we’d spend our money but end up doing something completely different and end up feeling distraught after that brief but thrilling moment of frivolous spending. Other times it could be temptation from social media, one moment you’re scrolling through Instagram then a nice pair of shoes advert pops up, which you don’t need by the way and the next your clicking away your savings. Perhaps it’s that one time you passed by a shop and after seeing a beautiful dress you shouldn’t buy you find yourself reaching for your wallet. 

These are classic traps a majority of us fall into. While life isn’t a walk in the park and is full of challenges here and there, if we go through life feeling like our circumstances are less than what we need to be happy for, we are more likely to overspend inorder to fill that void. On the contrary, I we focus our minds on the things we are grateful for on a daily basis, more often than not, we will not feel the urge to “make up” for what is not there. Although, working towards achieving great goals in life doesn’t mean you aren’t happy with what you have now, but don’t get carried away by your future expectations that you forget to live happily in the moment.

A daily practice of gratitude can help curtail that impulsive need to spend and help you stick to your budget. When you’re grateful for what you already have, you’re able to honestly evaluate the pros and cons of every financial decision you need to make. You won’t be as likely to make decisions out of fear, or from an insatiable mindset. Instead, you’ll feel fulfilled thus empowered to make financial decisions and leverage your wealth which will move you towards attaining your long term goals and positively impact both you and your family. 

The Scarcity versus Abundance Mindset

The scarcity mindset is based on the belief that there will never be enough, which results to feelings of fear, stress and anxiety which consequently leads to a toxic financial habit. It is believed that a daily practice of gratitude attracts more abundance to your life. “Whatever you sow, you shall reap right?” When you genuinely believe there’s plenty to go around and that you are grateful for what you already have, you become focused and begin to take advantage of opportunities when they show up. 

Your ability to be comfortable and confident in your own financial means gives you the flexibility you need to make future decisions that will continually increase abundance in your life and as such, limit debts.

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