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Values – Why They Matter When It Comes To Money

Values are the behaviours and activities that guide our actions. They give us meaning and purpose for our life, acting as a compass for the direction we want our life to go. A value is something you believe is important in the way that you live, work, spend time, and money.

June 22, 2020

Values are the behaviours and activities that guide our actions.  They give us meaning and purpose for our life, acting as a compass for the direction we want our life to go.   A value is something you believe is important in the way that you live, work, spend time and money.

Values are super-significant, even if we’re often unaware of them.  Our values come from the environment in which we grew up, our family conditioning and unconsciously drive our actions.

 

Knowing Your Values Is Vital

When we know our core values, our finances, and life becomes much easier to navigate. Values drive our actions as to how driven you are to work for it, how much we need and why you spend, save or invest it.

Understanding our values is fundamental to making our money working efficiently for us.

When we are clear on what our values are, it gives us a solid and guiding foundation which we can rely and draw upon to make decisions in our life when things are going well and not so well.  

Whether you realise it or not, you’re making choices on how you spend your money and time every moment. These decisions range from the significant and essential to the mundane and barely recognisable ones, we wouldn't even classify as choices.

When we look at it like this, shouldn't our values always guide and be the test for how we manage our money ?

We're all human, so most of us are conditioned to look outwards to be fulfilled.  The key is first to look inwards and ask yourself – 'what are my values ?'  Without knowing and living by our values, we can be influenced by society, media, and marketing in ways that don't align with what's truly important to us.  Have a look at your bank account and credit card transaction history, they’ll tell you a lot about your values.

If you’re feeling dissatisfied, it’s a good signal you’re making decisions based on someone else’s values than your own.

Does your money flow in the direction of what you value ? If not,it might be time to review your values and how you’re using your money.

Money is merely a tool. It can take you wherever you wish, but it won’t get there without your directions.

Warmest,

Karen Eley is a financial coach with more than 20 years’ experience as a financial adviser. Through her business, Women Talking Finance, she helps women to be confident and knowledgeable about all things finance. Karen translates complex financial concepts into simple digestible ideas.

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