Mindfulness and Money

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There is growing interest in the personal finance community on mindfulness's effects on our money attitudes and behaviors. The research on mindfulness is continuously evolving. The focus on the relationship between money behaviors and mindfulness is intriguing to many financial professionals who work with different clientele or community members to help support their economic well-being.

In this Family and Financial Feuds episode, I explore some mindful money practices with my colleagues Kathy and Sasha. We reflected on the current strategies we use to teach money management and discussed how we incorporate concepts such as awareness, balance, and acceptance in the everyday work we do in our communities. To listen to this discussion, find us on Sound Cloud

 

References

Gentina, E., Daniel, C., & Tang, T. L. (2020). Mindfulness reduces avaricious monetary attitudes and enhances ethical consumer beliefs: mindfulness training, timing, and practicing matter. Journal of Business Ethics, 1-23.

Pereira, M.C., & Coelho, F. (2019). Mindfulness, money attitudes, and credit. The Journal of Consumer Affairs, 53(2), 424-454.

https://www.moneyunder30.com/mindfulness-can-help-you-save-money