Standard Personal Financial Advice
When it comes to basic financial advice, we all know what we're supposed to do. Spend less than you earn. Save for retirement. Pay down your debts. This covers the what, and a little bit of the how, but skips the most important part: the why.
Your Values Impact Your Budget
When figuring out how to budget your money, you need to know what you care about and how that influences what you spend your money on. Without thinking thorough the why, you may catch yourself spending money on things you don't really value just to keep up appearances--or because you think you should spend on those things.
Most of us inherently know what we care about, but we have a hard time putting it into words. Fortunately, Think 2 Perform offers a free, online tool that can help you name and prioritize your values. For me, this tool helped me translate my ambiguous thoughts about what matters to me into a few helpful terms.
Here are my top 5 identified values:
What Those Values Mean to Me
Here's what each value tangibly means to me:
How Values Translate to Spending
So how do those values translate to how I choose to spend my money? Here are a few examples on how this manifests itself :
So Now What Should You Do?
I learn for a living. I distill my research into useful blog entries. Geek, parent, knitter, yogi, writer, educator, businessperson, gluten intolerant & roller derby nerd.