Here’s a question for you, and it might seem a little weird. It was for me, at least.
How aware are you when you spend money?
Honestly, I have no idea how aware I am when I spend money. I’m not sure what I think about or if I think. Maybe I’m just on autopilot. Who knows?! I’m curious to find out so I’ve decided to try a 30-day experiment where I simply take 3 seconds following every purchase to notice.
And it’s important to point out that I’m not judging or resisting spending…only noticing.
So my noticing would go something like this: “I just spent $7 at Chipotle for this amazing burrito.”
This experiment was set up by financial planner Carl Richards for the purpose of helping people increase their awareness when they spend money. Carl’s hope, I believe, is that we get to the root of our spending so that we can better align our spending with our values.
We’ll see what I notice. Maybe I’m actually very aware when I spend or perhaps I’ll realize I’ve been missing out on a lot of stuff going on below the surface of my spending.
To help me actually do this experiment for 30 days, I’ve set up text reminders with my credit union (just like Carl recommended) so that every time I swipe my debit card I’ll get a text for the amount I just spent, and I’ll read that text. Again, all I’m doing is noticing.
That’s it. Super simple.
Give it a try for yourself if you want to become more aware of your spending. I’ll be sure to do a follow-up post in 30 days to let you know what I noticed.
photo credit: Veri Ivanova