Spend consciously


  1. Create a spending plan.
    Take some time to plan out where you want your money to go before you start spending it.
  2. Distribute your take-home pay.
    Set up a plan so that you can save and invest the amount of money you want each month while still allowing yourself to enjoy the rest. A good rule of thumb is to allocate 50-60% of your take-home pay for fixed costs, 10% for investments, 5-10% for savings goals, and 20-35% for guilt-free spending money (i.e., watching movies, drinking, buying clothes, etc.)
  3. Be clear about your spending decisions.
    Once your plan is set up, you will know exactly where your money is going and how much you can spend on the things you love or those that are important to you. Make sure to make conscious decisions when buying anything.
  4. Cut costs on the things you don't love.
    Be mindful of your spending. Make sure not to buy things you don't need.
  5. Spend extravagantly on the things you do love
    Don't feel guilty about spending money on the things you love.
  6. *Resist the social pressure to spend.
    Don't let your friends push you away from being a conscious spender.


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