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In this video, I talk about how to spend more consciously and save more money. More specifically, what's worked for me.

Conscious spending is so important nowadays because our income does not have the same purchasing power as it once did. Unless we drastically increase our income or marry rich, we have to be more intentional with our purchases. In this video, I share tips on how to participate in more conscious spending, so that we can save more money and ultimately live the life that we want.

A really common way piece of advice that we hear is to set a budget for yourself. Is that really effective though? In my opinion, you don’t have to spend limit yourself and count every single dollar that you spend. Instead, you can pay yourself first: after every paycheck, you automate a certain % of your money to go to an investment account like a ROTH IRA or 401k. Then, you set aside an amount for bills, and whatever is left over is fun money that you can use to spend guilt-free. A common split between saving & investing, wants, and needs is 50-30-20.

Define your values. We must remember that money is simply a tool, not an end goal. To be better at conscious spending, analyze your spending habits, understand what your core values are, and connect your spending to your values. For example, I want to spend more time with people that I care about, spending on experiences and immersing myself in other cultures when I travel, investing in things that help me feel my greatest.

Find hobbies that are cheap or free. If you have fewer expensive hobbies, you don't have to pick and choose where you spend your money as much. Hobbies such as hiking, going on walks, reading, and gaining knowledge are free. Something like skiing or partying often is not.

Abstain from whatever pleasure or indulgence once a week. Example: Set days where you don’t eat out or get coffee. Restraint every once in a while is never a bad thing.

Re-evaluate the type of people you hang out with. Spend on things you actually want to spend on-- not in order to impress other people.


0:00 It’s expensive to be alive
0:40 Do we really need budgets?
3:33 Shortform
4:28 Define your values
5:30 Finding cheaper hobbies
7:23 Be careful with the people you hang out with


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Disclaimer: This video is for entertainment purposes only. Please consult a licensed professional before taking any major life-changing action.

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