We all want to live our best lives, whether that means actually taking that big summer beach vacation or simply appreciating life’s everyday moments. It’s easier to live life to the fullest when you’re financially confident. And when it comes to enjoying every moment, it’s not about how much money you have, but what you do with it that counts. Studies show that if you focus your spending and saving around what you personally value, you can live a happier life.
Are you ready to feel financially confident and reach new heights? Start by asking yourself these three questions.
What are the three things that matter most to you right now?
Buying a home? Taking a road trip? Saving for retirement? We all have different goals—and they are subject to change depending on your family, your career and your lifestyle—but it’s important to make sure today’s goals are a critical part of helping you live your best life right now.
- Tip: Your budget is a plan that allows you to spend your money the way that fits your lifestyle. Whether you use an app, a spreadsheet or even a pen and paper to track your budget, be sure your spending categories match what matters most to you. So, for example, if you value visiting trendy restaurants with your friends, add a line item to your budget for “dining out.”
What are your personal money beliefs?
What you believe about money affects what you’re likely to do with your money. Are you the type to spend every dollar in the moment, or do you prefer to stash away your spare change? Are you happiest when splurging on the latest tech gadget, or spending on an unforgettable trip or concert? Or does it make you happier to watch your savings account grow over time, even if that means staying in on a couple of Fridays each month?
What will help you reach the next level of financial confidence?
The higher your financial confidence, the happier you’re likely to be. And the better your mood, the easier it is to live your best life. You’ve thought about where you’d like to be, so what will help you get there?
Make sure your financial habits are supporting, rather than preventing, the moments that matter most to you've
- Tip: Apply your own story to your answer. Check out your last three monthly bank statements to take a closer look at how you’ve been managing your money. You might be surprised how a look at your past can help you plan for the future.
- Tip: It might be as simple as prioritizing your financial goals. Make a list of your goals and put them in order according to what’s most important to you. Then make a list of things you need to start (or stop) doing to achieve what’s at the top of your list, like adding more to your savings account or cutting out a subscription or two
Make sure your financial habits are supporting, rather than preventing, the moments that matter most to you.