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Banking and Saving

Few Things About Values-Led Financial Planning




Properly managing your personal finance feels pretty good. Getting a firm grasp on your expenses and budgeting like a pro is a reason to celebrate, When you are living a sustainable lifestyle while saving in an automated fashion for the future.

This, of course, goes hand in hand with looking beyond the short-term picture.

What are your long-term financial goals, and how are you preparing for them? It’s a loaded question that may trigger a good dose of anxiety

Dig Deep and Think About What Really Matters to You

It all begins with getting clear on what you want and why you want it. Set aside some time to take a deep dive into what really matters to you. It’s an exercise that should reveal your deeply held core values. Bestselling author Russ Harris, recommends something called the bull’s eye exercise. The heart of it is clarifying whether or not your current behaviors are in line with your values.

Other experts suggest making a simple list of values that stand out to you, like financial security, compassion, creativity, family and so on. Now ask yourself if your long-term financial goals support these values. You may find that you’ve been living other people’s values instead of your own.

Already Have a Specific Goal? Ask Yourself Why it Feels Important

You may already have a long-term financial goal that feels very dear to you, like saving up for a down payment on a house. We suggest asking yourself why this feels so important. If your strongest core value is family, maybe that goal stems from a desire to raise your own family nearby to your parents. Getting clear on the value behind the goal will only help you stay motivated on your savings journey.