There’s an old saying that goes “Actions speak louder than words.” As regards the current topic in question, it is quite understandable to say that spending boils down to an action that directly or indirectly implies values. This should explain exactly why the framework of finances is usually very personal, also challenging us to ask the burning question: what exactly do we value?
Is family the most valuable thing in our lives? Are our friends a top our lists of the most valuable things? Do we value happiness more than any other thing? Do we value health and travel? Or is it spontaneity?
In listing out and asking ourselves most of these questions, spending morphs into a way of self-examination that sheds light on our values and our actions. Sometimes, our actions and our values don’t add up and when something like that happens, life as a whole can get off its rails.
An example of a scenario like this is of a person who values his or health. However, when they look at their bank statements, they see that a lot of transactions actually relate to fast food that is unhealthy. This should undoubtedly lead to questions like these:
Consequently, steps ought to be taken so as to realign our spending on the things we actually value. These steps include: