If you’re a loyal MoneyMinder user, you probably already love tracking your spending. There really is no better way to stay connected to your money than to keep track of your daily purchases and expenditures. It helps you stay in touch with your choices, gives you immediate feedback and adds a new level of clarity to your life. But that’s not all, here are 5 added benefits of tracking your spending. You may be surprised by a few!
1. Insight into What’s Missing
Tracking often reveals areas of unmet needs, even areas of deprivation. This can help you devise ways to meet those needs – such as more time for yourself, pride in your home, or more social interaction.
2. Improved Relationships
Many clients say that money is a primary source of family and relationship conflict. When you manage money through tracking, you may have fewer arguments about it. Also, tracking causes you to me more honest with yourself about money, which translates to more honesty in general, which promotes healthier communication.
3. Reduction of Stress-Related Illness
If money is the source of stress and stress contributes to illness, doesn’t it make sense that managing money better will contribute to your general health? In addition, if you’ve been unable to afford preventative healthcare, a gym membership, or fitness classes, being able to designate funds towards these will also contribute to better health.
Addressing something that you’ve been struggling with goes a long way toward building your confidence. Imagine feeling proud of your financial accomplishments and also knowing that you have nothing to hide – no secrets lurking behind a façade.
5. Spiritual Insights
As you become more mindful in one area of your life, you’ll become more mindful in others. Struggles can be a huge distraction from having the kind of spirituality you may crave. Money chaos can eclipse your view of your higher self, your higher purpose, and even your higher power.
And the list doesn’t stop there! These are just a few of the wonderful benefits that come through tracking your spending. So if you’re still not sure about the value behind tracking – get on board. It’s the best time you could possibly invest in yourself!
If you’d like to read more about tracking your spending, check out chapter four in Karen’s book, FINANCIAL RECOVERY: Developing a Healthly Relationship with Money. You’ll find these benefits, plus many others.
This post was written by by Morgan Garon and originally appeared on her blog.