Mindful Money Matters

     As much as we dislike to think on these matters, now is the best time to set some financial goals.  Whether you wish to get out of debt or save for retirement, it is essential to take an intentional approach. Consider your daily behaviors; staying present and mindful, not acting out of habit or lack of impulse control. Your spending behaviors must align with your long term goals. Prioritizing your financial goals will also have the added benefit of peace-of-mind. It is important to create a written spending plan. I have heard it recommended to use the 50-30-20 rule. Spend 50 percent of your income on necessities, 30 percent on wants, and 20 percent on savings and debt reduction. Depending on your income, age, values, and specific goals, you may need to adjust these numbers a little more conservatively.  And of utmost importance, be clear on what is a want and what is a true need.