How to Discover and Prevent Hidden Money Leaks

money leaks princess piggy bank

Money is a touchy topic. Having money brings a sense of security and safety and allows us to keep up appearances so we feel more acceptable in the world around us. We can use it to look good and feel good, or even comfort ourselves when we are feeling low.

And yet, most of us feel some level of shame around it, even when we handle our money well.

Either we don’t feel we have enough or we judge ourselves for how we spend what we do have.

Feeling peaceful about money comes from using it in a way that is in alignment with your values and making conscious choices when you spend. It comes from finding the sweet spot between thrift and giving occasional gifts to yourself.

It is about discovering and preventing unconscious money leaks.

What usually happens though is that we get all fired up by someone’s expert marketing or something someone said and our mind convinces us that we “need” to buy things. Not necessarily big things. The little things add up too.

And in the end. we find ourselves with a lot of stuff we didn’t really need and probably don’t use.

How much could you have saved last year if you avoided these extra purchases? Let’s find out.

Get a notepad and pen and walk through your house listing everything you have purchased in the last year that:

  • You don’t wear regularly
  • Doesn’t bring value to your life
  • Are not using
  • You don’t really like
  • Forgot you even bought it
  • Didn’t live up to your expectations
  • You could have gotten free, like books from the library

Look in your closets, drawers, and on your shelves. You might be surprised what you find. When you have your list, go through and estimate how much money you spent on each item and then total them up.

Shocking isn’t it?  Keep in mind that this is meant to open your eyes to new opportunities for saving money and no self-judgment is allowed. Everyone has money leaks.

The first step to changing our habits is awareness and just imagine how much money you can save this year by shifting this pattern. Make a new commitment to using your money in ways that do not allow advertisers or the people next door to run your financial life.

What about the things you bought last year? They have become clutter and don’t belong in your home. Selling or donating them can help you anchor what you have learned and reinforce your new decision to play with money in a way that is in alignment with your values and goals.

If you would like the support of an experienced professional life coach to help you improve your relationship with money and take control of your finances contact me (Linda) to schedule a complimentary consultation.

Related Posts:

A Sense of Order Soothes Your Soul

7 Ways to Save Money on Entertainment, Recreation, and Fun

Letting Go of Stuff

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