Looking for more than just saving tips? Want more from your money than just peace? Have a budget, but struggle to stick with it? Do you have trouble deciding which purchases to make?
If you answered yes to any of these questions, then Satisfied Spending is your ticket to an improved spending life!
Here we use money to live – not live for money.
The Two Main Spending Issues
Over the years, scientists routinely dig up burial sites and discover the deceased were buried with all their worldly wealth.
In contrast, I hear stories monthly of people spending and then suffering buyer’s remorse. Per Wikipedia, buyer’s remorse is “an emotional condition whereby a person feels remorse or regret after a purchase.”
The moral of these stories is two-fold:
- You can’t take it with you,
- But you can spend in ways that cause unhappiness and regret.
Satisfied Spending outlines the processes for creating spending satisfaction now!
Rene Descartes is famous philosopher known for the statement,
“I think, therefore I am.”
In simple terms, the statement means even when doubting and questioning everything Descartes believed in, in the end he is still left with himself. That the ability to doubt at all – to think – means he exists.
In the mid-1900s, scientists began studying the impact of human thoughts on medical treatment effectiveness. What they discovered was shocking. That through thought alone, humans can positively impact their physical well-being (as it relates to ailments grounded in self-awareness). This well documented phenomenon is known as the placebo effect.
Pairing the idea of existence simply because we think with the placebo effect concept, it stands to reason that our thoughts alone create the reality of our physical existence.
Sure it sounds a little hokey, but the truth is, it’s very real.
I demonstrated the idea of humans creating their own reality to my son last summer. We were driving along, and he was complaining about how he never had the opportunity to do [fill in the blank]. I presented the idea that if he thought a certain way or brought awareness of anything to the forefront of his thinking, it would appear in his physical world.
To demonstrate, we did a little experiment. I asked him if he thought there were a lot of yellow cars on the road. He responded no. I challenged him to focus on seeing yellow cars, and they would appear seemingly out of nowhere. He was to do this for a week and let me know how many he counted. Within the first day, he counted 7 yellow cars. He stopped counting at 30 – four days into the experiement. Turns out there were a lot more yellow cars than he realized. He just needed to be looking for them to see them.
After all, that’s why hindsight is 20/20, knowing what you are looking for allows you to see and experience it.
You may be thinking, “That’s great but what does it have to do with my spending?”
Just as yellow cars will appear when you look for them, spending satisfaction can appear too when we think about our spending correctly.
There are certain ways we need to think that drive us toward satisfaction in our spending.
Thoughts & Spending
The popular view of responsible money management will certainly bring you a sense of peace with your finances; beyond that, it tends to fall flat. Just ask anyone who has had the burning desire to be debt free. They strive and struggle to have debt freedom. When the goal of debt freedom is reached, it brings great peace and much happiness…. for a while anyway. Then hedonic adaptation rears its ugly head and we start over.
The same outcome is true of the vast majority of financial goals and general money management. You work hard, reach the goal, and start back at square one with your overall spending satisfaction. The problem is if you only look at financial goals, you may never find spending satisfaction. Re-framing your goals from financial to time-based will get you a step closer to real spending satisfaction, however that alone is not enough.
Goals must be paired with the human needs that spending often fulfills. If you neglect to consider how you fulfill all your human needs with your spending, you may never find satisfaction. Sure, you can survive financially, maybe even have financial peace or possibly enjoyment in your spending. However, true satisfied spending is found not just in the “right” goal but the overall balance of those goals with all your basic human needs.
Even further, you must recognize the underlying money messages and attitudes that we all have. These deep-rooted thoughts and perceptions about money have huge impact on our emotions. Those emotions in turn drive our spending behaviors without our conscious approval; possibly pushing us farther from satisfaction despite taking responsible money actions for good financial health.
On top of that, even if you stumble into using spending to meet all your needs, have positive, healthy money messages and attitudes, you may still struggle to manage your daily spending. This is because you haven’t trained your brain (and subsequently adjusted your emotions) to view your spending in a way that drives satisfaction with every dollar spent.
The Satisfaction Solution
Satisfied Spending addresses these often-overlooked issues in traditional money management approaches and helps you:
- establish satisfying goals
- recognize all your human needs when spending
- examine your deep-rooted money beliefs
- provide you tools to train your brain
The key to lasting spending satisfaction (with as little effort as possible), is focusing on how we think about what we spend!
As you fully embrace the Satisfied Spending process you will notice not just survival, peace, or enjoyment, but true satisfaction with your spending.
Satisfied Spending isn’t focused on building the traditional definition of wealth, but a wealth that lasts day after satisfying day!
This blog is just the beginning.
Here I will cover the key concepts and provide some basic actions to help you too reach satisfied spending using these 4-steps:
Know What YOU Want
Reveal Your Money’s Secrets
Increase Your Spending Satisfaction
Train Your Brain