How mindfulness can benefit your financial health

Retirement Financial Planning

How mindfulness can benefit your financial health

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When you avoid emotional or impulse buying by focusing on the moment, the money you keep can help you realize your dreams.

Stop us if this story sounds all too familiar…

You make big plans to save for retirement, pay off your debt in a year and take the family to Aruba. But by the time you’ve met all your financial obligations, you find yourself pushing at least one of those goals farther down the road than you intended.

“Oftentimes, people think if they earned just another $1,000 a month, they’d be better off,” says Charmaine Huber of Money Coaches Canada, who is based in Simcoe County-York Region, Ontario. “But it’s not about how much you make, it’s about how much you keep.”
In other words, even a healthy raise likely won’t substantially improve your financial situation – unless you change the way you handle your money, and spend it in ways that align with your values and goals.

“Most people are on auto-pilot when it comes to their money,” says Huber. “As soon as they’re introduced to a paradigm shift, they start to think more whenever they spend, and it hits home.”

This is where the practice of mindfulness can prove to be a game-changer: You can have more money left over to realize your dreams when you learn to use techniques that help you avoid emotional or impulse spending.

To read the rest of this insightful article by SunLife, CLICK HERE. Be sure to contact Harry or David if you have questions about how to stay on track with your financial health/goals.