3 benefits of practising financial gratitude

Read time: ±1:20 min.

Gratitude is appreciating the things you have, including finding positives in your financial situation. Find out why an affirming attitude towards money is important for your budget.

Do you often find yourself thinking about what is wrong with your finances and what you don’t have? This reinforces feelings of lack, scarcity and fear around money.

Although we are living in difficult financial times due to the pandemic, focusing on what you have and what you can achieve in the future can help.

Financial gratitude is beneficial because:

  • It reduces impulse buying, as you’ll be more appreciative of what you have.
  • You’re more likely to prioritise saving and be hesitant to use credit for big purchases.
  • You will be more generous when you have extra money as you let go of scarcity fears.

How to practise financial gratitude

  • Make a decision to change your focus – be thankful for the positive things.
  • Rather than focusing on goals you have yet to reach, list all the things you have achieved financially, for example reducing your debt and growing your savings.
  • Use a journal to jot down things you are grateful for (big or small) and say ‘Thank you’ at every opportunity. On challenging days, read your gratitude journal.

Remember, your financial coach is ready to assist you with confidential and professional coaching and support.

For more financial advice, read these helpful articles:

The information is shared on condition that readers will make their own determination, including seeking advice from a finance professional. E&OE.

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