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PWM- CHOOSING LESS

How Choosing “Less” Can Lead to a Happier Financial Life

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Choosing less is something that many of us fail to consider when it comes to our finances. In fact, we often do the opposite across all areas of our lives. From buying more material things, engaging in more activities to working more hours to gain more financial success… the list goes on. However, taking away a few things can help you to discover a new level of satisfaction and sense of contentment, here’s why.

Make Life Easier With Problem Solving and Subtraction

Too often, people create financial goals that tend to add more when in reality, it could be more beneficial to do less. When we consider retirement, doing less is not something we think about. In fact, having more doesn’t bring satisfaction or leave us feeling content. It can actually leave us feeling drained. So, when it comes to creating financial planning goals that tick every box, a subtraction strategy that involves less and not more, can often bring with it greater rewards.

Identify Goals Using Subtraction Strategies to Aid Financial Planning

The benefits of subtraction can really work for you when it comes to financial planning. Sure, if you strive for more then you are likely to achieve more but this is not always beneficial when it comes to reaching your financial goals. As a result, subtraction strategies could be ideal for those who do have more. 

Sometimes, taking a look at what we spend our money on can change the course of our financial planning. With the right financial advisor by your side, you can implement subtraction strategies that have a positive impact. They can help you to re-organise your ways so that they fall in line with your financial plans. 

Therefore, they can make you understand that perhaps spending money on a holiday is better than spending money on an expensive watch. It has been found that spending money on solutions that take care of certain tasks can also bring happiness. Whether that is paying someone to take care of your garden or paying someone to clean your home, doing less will enable you to have more time. This same principle can be applied when it comes to financial planning. It can help you to understand what you consider to be important to you. Your goals don’t necessarily need more but they can teach you how to remove the complexities and remove certain elements that enable you to embrace your goals and do more.

Spending On What Matters Most

Living through a pandemic has taught us what is really important to us. It stripped back many of the complexities of life. Furthermore, it has taught us that going back to the things we did before the pandemic can come at a cost. What this means is that less can leave you feeling financially happier. As a result, it can help to consider what you have right now and what you want to keep as you look ahead and move forward. Many people were unaware of what they were spending or how they were simply spending money on things for no apparent reason. Yes, a shopping spree is something to enjoy but is it really necessary? The accumulation of material things can often bring frustration as we then need to find space for these things, perhaps create clutter, and will consequently lead to needing more of something else or giving things away later on. Can you cut that spending down to a few times a year instead of a few times a month? This logic applies to eating out or many of our spending habits. The idea is to look at what you overspend on and the things that you can live without and the things that you need.

Once you understand how to live a life with less, you will find that your financial position will change and that alone can help you to streamline your financial planning strategies, eventually leading you to achieve goals that mean more to you.

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