Understanding your personal money values is the foundation for making meaningful financial decisions. While budgeting often focuses on numbers and categories, identifying your money values helps you align your spending with what truly matters to you. By exploring what you genuinely care about, you can create a financial plan that brings more satisfaction and purpose to your life—and helps you stick to your budget once and for all.
For example, if personal growth is a core value, you might prioritize spending on education and skill development over luxury purchases. If family connection is essential, you might allocate more money to family activities or travel to visit relatives, even if it means spending less in other areas.
How to discover your money values
To start your values-based budget, your first step is to identify your money values. I define "money values" as the core principles and priorities that guide your financial decisions. These values reflect what matters most to you and shape how you prefer to earn, spend, save, and share your money. Unlike generic financial advice, your money values are deeply personal and unique to your life experiences, beliefs, and goals.
Career and income
Health and wellness
Travel and experiences
Retirement plans
Examine your emotions. What purchases bring you lasting satisfaction? Which spending decisions do you regret? What financial choices make you feel proud or aligned with your principles?
Explore your motivations. Why do certain financial choices feel important to you? What experiences from your past influence your money decisions? How do your spending habits reflect your hopes for the future?
Once you've identified your money values, use them to guide your budget:
Set value-aligned goals. Create financial goals that directly support your core values. For example, if adventure is a key value, you might set specific savings targets for travel or new experiences.
Regular check-ins. Schedule periodic check-ins to ensure your spending continues to reflect your values. As your life evolves, your values may shift, and your financial choices should adjust accordingly.
The bottom line
Take time to explore and articulate your money values, then let them guide your budget. When your spending aligns with your values, you're more likely to feel confident in what you do with your money.
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