How money and values are linked
How you spend and manage money is a tangible way to measure your values. It tells you a lot about yourself and why you take the actions you do.
Are you able to keep the promises that you make?
When you borrow money you are making a promise to the person or financial institution that you borrow from to pay the money back. Is it more important to keep your promises to your friends and family who probably won’t legally make you pay the money back, or is it more important to pay the financial institution that can ruin your credit score.
Do you honour all of your obligations in an equal fashion, either trying your best to keep your promises or breaking your word.
How much money do you give to others?
There is usually a correlation between the percentage of your money that you give to others. This is not simply about how much you donate to a charity. If you are a parent then you may well be sacrificing your own needs to support or help others in your immediate family.
And don’t worry if you do not give a large percentage of money to others it does not make you a bad or a mean person. What it does do is highlights your own priorities and what you believe in. It will also help you to evaluate whether you are using this money wisely. If this doesn’t reflect your priorities then now may be the time to take another look.
Are you a spender or a saver?
This is an area where moderation is probably the best thing to strive for.
People who never have two pennies to rub together are living in the moment with no sense of what the future will bring. They are more likely to live the rest of their lives this way by making decisions without properly measuring the potential future impact.
Some of us are prone to impulsive decisions and need to pay special attention before making any big decision.
Conversely people who save every penny never truly live in the moment and deny themselves of the little joys of life.
Know your values
The important thing to remember is that the way you mange your money often tells a lot more about your values than what you say or what you tell yourself you believe. The good news is that you can change your habits with money to reflect the values that you want to have.