An Attitude of Gratitude Can Help Your Finances
Having an attitude of gratitude can help your finances in the long run. Here’s how changing your mindset to one of gratitude can help you improve the way you manage money:
- Patience When Making Financial Decisions
According to a study published in the journal Psychological Science, feelings of gratitude can combat a tendency toward instant gratification.
According to the authors of that study, cultivating feelings of gratitude can reduce instances of impulse buying and insufficient saving. As you become more grateful, you are more likely to feel fulfilled in your life—and less likely to chase the “hit” you get from spending money.
Gratitude also promotes generosity. You’re more willing to give to others when you feel grateful. So, how does this tie into better finances?
Interestingly, giving can help you financially. First of all, when you make giving to charity a priority, you’re forced to re-evaluate your finances so that you can meet your objectives. Getting your financial house in order by tracking your spending and reducing expenses so that you have money to donate to causes you care about is reason enough to be grateful and generous.
