In the psychology world, it has been discovered that when people are asked to be aware and mindful of their eating habits, they eat 300 fewer calories per day. This can easily be applied to spending habits as well. If you aren’t mindful of your purchases – even the little day-to-day ones – they can really add up. Keeping a record of all your spending can create awareness, as well as even pausing before a purchase and walking away. This isn’t to say you are necessarily buying things you don’t need, but when you thoughtfully acknowledge your purchase you can appreciate it even more because it is an active choice you made.
Read the entire article here: Small Mindless Spending Adds Up
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Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.