{"id":3094,"date":"2016-05-02T01:54:35","date_gmt":"2016-05-02T01:54:35","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/mindful-in-may\/"},"modified":"2021-02-08T05:03:35","modified_gmt":"2021-02-08T05:03:35","slug":"mindful-in-may","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/mindful-in-may\/","title":{"rendered":"Mindful in May"},"content":{"rendered":"
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The buzzword \u201cmindfulness\u201d seems
\nto be everywhere at the moment. Whether you are using a mindfulness app or practicing
\nmindfulness through meditation and yoga \u2013 the trend of mindfulness is hard to
\nmiss. \u00a0Mindfulness is usually discussed in terms of achieving spiritual
\nand emotional awareness, often ignoring the more practical applications it can
\nprovide. \u00a0Financial mindfulness will lower your anxiety, focus your
\napproach and save you money.<\/span><\/p>\n

The principle behind being
\nmindful in May is spending 10 minutes a day practicing meditation, and at Raiz
\nwe believe this should be applied to being mindful with your money. With the
\nEnd of Financial Year just around the corner, May is the perfect time to
\nconcentrate on being mindful about spending and saving. \u00a0This May
\ndesignate some time to not just develop a financial plan, but reflect on your
\nsaving goals, research into investment options, and be mindful about what you
\nare spending your money on.<\/span><\/p>\n

You can become a master, rather
\nthan a slave to your money with these easy tips:<\/span><\/p>\n

1.
\nTrack your expenses manually:<\/span><\/b><\/p>\n

Instead of painfully examining
\nyour bank statements at the end of the month, try tracking your purchases
\nmanually as you make them. A good way to do this is to write down what you
\nspend whilst you are making the transactions. \u00a0Awareness starts in
\nrealizing how much and what you\u2019re spending money on. By getting in the habit
\nof tracking your expenses, you\u2019ll become more aware of your purchases and what
\nthey mean for your overall financial health.<\/span><\/p>\n

2.
\nSet a waiting period:<\/span><\/b><\/p>\n

It is so easy in the digital age
\nto buy something without considering if you really need it. With PayPal and
\nPaywave shopping can be such a mindless activity, and it\u2019s not till you receive
\nyour bank statement that the guilt sinks in. \u00a0To stop yourself from
\nspending in a vacuum, set a waiting period of at least 24 hours to decide if
\nyour purchase is really a necessity. The age old advice of \u2018sleep on it\u2019 can
\nreally make a difference when it comes to impulse purchases.<\/span><\/p>\n

3.
\nRealise what the trade-offs are:<\/span><\/b><\/p>\n

It is easy to spend money if you
\nare not aware of what you are sacrificing in the long run. \u00a0For example,
\nspending $100 eating out a week, or buying an unnecessary item of clothing may
\nnot seem like a big deal, but in the long run $100 can go towards paying off a
\nstressful debt, or starting a saving fund for a well-deserved relaxing holiday.
\nIt may seem difficult to practice self-control, but challenge yourself
\nfor the month of May. Bring your own lunch to work, or meet a friend for a walk
\nin the park on the weekend rather than for a drink. \u00a0<\/span><\/p>\n

Make May your month to reflect on
\nand develop your mental and financial health!<\/span><\/p>\n

You can start using Raiz at any time by clicking this link!<\/a>\u00a0For more information on Raiz fees, click here<\/span>.<\/a><\/b><\/p>\n

 <\/p>\n

Important Information<\/strong><\/span><\/p>\n

The information on this website is general advice only. This means it does not consider any person\u2019s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.<\/p>\n

The information in this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.<\/p>\n

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.<\/p>\n

Past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.<\/p>\n","protected":false},"excerpt":{"rendered":"

  The buzzword \u201cmindfulness\u201d seems to be everywhere at the moment. Whether you are using a mindfulness app or practicing mindfulness through meditation and yoga \u2013 the trend of mindfulness is hard to miss. \u00a0Mindfulness is usually discussed in terms of achieving spiritual and emotional awareness, often ignoring the more practical applications it can provide. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yst_prominent_words":[1274,332,1271,151,314,1275,1279,1276,1273,153,1278,1277,117,150,392,1270,1269,722,352,1272]}