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3 Ways To Change Your Money Mindset

Reframe Your Approach To Spending.

If you’re looking to spend less and save more try Dr. Irvine’s last person in the world thought experiment. Ask yourself: If I were the last person in the world, would I buy this? This question will help you uncover the things you truly value. What would bring you pleasure if no one else was going to see it?
If you ask yourself this question before making new purchases, it might help you spend less because you’ll focus on the things you truly want instead of buying something for the effect it will have on others.

Turn off the ads.

Recognize that ads may cause dissatisfaction. Status envy is the reason so many Americans are working harder than ever.

Turn off the ads on your TV (if you still get them). Make it a point not to click on the paid posts popping up on your computer screen. Be conscious of the fact that they are there to keep you striving for bigger, better and more expensive items.

You’ll never be satisfied with what you have. When you start buying less, you’ll feel free. Free from responsibility for caring for the item. Free from destroying the environment with rampant consumerism. You’ll feel better and more satisfied with your life. Learn to value less.

Establish a gratitude or meditation practice.

Look how far you’ve come rather than focusing on what you still have to achieve.

To stick to your new money mindset, establish some kind of gratitude or meditation practice to help you appreciate what you already have. Whether it’s listing three things you’re thankful for each evening, disconnecting and going out in nature to appreciate the beauty of the world, sitting in silence, or checking in with yourself to see how far you’ve come as you work on a goal, all of these things will help counteract the messages coming from our ad-driven world. Get to know your own mind.

Also, beware of the social media gloss effect. People gloss over their problems, filter their photos, and often share only the good things that happen to them. This can lead to great unhappiness if we compare ourselves to these photoshopped and glossed over versions of life.