Whether trying to curb emotional spending, get ahead financially or save for a massive post-covid holiday, these mindful money habits are sure to come in use. 
More than just a buzzword, mindfulness is a proven way to reduce stress and rumination and it is also known to boost concentration and attention. Mindfulness can also reduce anxiety, a condition which is rife at the moment with Beyond Blue reporting 2.7 million Australians have experienced anxiety in the past 12 months alone.
While the science shows that mindfulness is important in everyday life, what about money mindfulness? Money too requires a degree of mindfulness with the Journal of Consumer Affairs conducting a study that “links individuals’ mindfulness with their credit intentions/use.”
Celebrate your finances by making space for one or more of these mindful money habits.
Track your spending:
Knowing where your money is going each month can help you get ahead financially. Start by looking at your non-negotiables, such as rent and groceries. Consider whether the Uber Eats bills could be trimmed at the edges and try to ensure you are not living beyond your means. In other words, ensure your bank balance remains net positive.
Micro invest:
A little bit can go a long way. A micro-investing platform is an application that allows users to save small amount of money regularly. This removes traditional barriers, such as minimum sum investments and is a good way to invest if you are just starting out.
Pay off debts
Easier said than done, putting a plan in place is key when it comes to paying off debts. Writing down all that is owing and crossing off the items one by one, starting with the smallest items first, is one way to go about it. Often the small wins motivate the bigger wins when it comes to paying debt.
Don’t generate new debts
Personal finance expert, Nathan Morris once said, “Every time you borrow money, you’re robbing your future self.”
To be mindful with money means to avoid generating new debts. Being in debt can cause stress and carrying too much debt without a plan to pay it back can lead to an unsustainable lifestyle where one’s owing exceed one’s earnings.
Make Lists
Have you ever shopped hungry and came home the proud owner of aisle 4? If your idea of living dangerously is going grocery shopping without a list, you’re correct.
Using a shopping list is likely to reduce your food expenses, as you will know exactly what you need before entering the store and what will fit your budget. 
Set Money Goals:
Setting money goals is important because it allows you to home in on your values; what is important to you and why? Consider speaking to a financial advisor to help with financial goal setting and more importantly how to achieve these goals. 
The experts at LCI Partners are here to help when it comes to financial goal setting with 32 years’ experience in property, insurance, lending, legal, business and wealth.
Disable Quick Buying
Disable quick buy features on sites that tempt online shopping splurges. Stop allowing them to remember your card details. The monkey mind becomes easily distracted and online shopping is just clicks away for many. Put barriers in place when it comes to splurging online and channelling mindful spending.
Gerry Incollingo is the MD of LCI Partners, a firm that specialises in accounting advisory, lending, wealth, property, insurance and legal.