Broker Check

Want to be Smarter With Your Money?

Join our mailing list and get news and info to support your financial goals.



Thank you! Oops!
Life & Money: Budgeting = Awareness

Life & Money: Budgeting = Awareness

February 18, 2022
Share |

You want to achieve enlightenment? The key is not in down dogs and green smoothies. The key is budgeting.

I know that sounds crazy. But take it from Thich Nhat Hanh, “Budgeting leads to enlightenment.”

I’m just kidding, Thich Nhan Hanh didn’t say that.

But as any good scholar of Buddhism knows, awareness is the key to enlightenment. And it just so happens that budgeting is an incredible path to greater self-awareness. In fact, that’s really all budgeting is! It’s simply being aware of our spending.

Unfortunately, there aren’t many people who love to budget. And when it comes to co-budgeting with a spouse or partner, there’s a good chance at least one of you will actually hate the idea.

But just think about it. Don’t you think spending money in a way that’s more aligned with your values will bring you more happiness? You can toss budgeting on a list with meditation, brushing your teeth, exercising, and eating healthy, and call it “Things Nobody Wants To Do But Really Should.”

I know it’s not fun. You may think you already know where your money is going. Maybe you don’t want to know.

But just give it a shot.

Try tracking your spending for 30 days. Don’t stress about what app to use; just carry a pen and a little notebook, and each time you make a purchase, write down what you spent and how it made you feel. At the end of the month, go back through your notebook and just notice. Become aware.

That’s it.

If you hate it, you can always quit. If it revolutionizes how you live, you’ll be glad you tried.