Site last updated: Wednesday, July 15, 2026

Log In

Reset Password
Butler County's great daily newspaper

Mind how you spend

Mindfulness and meditation can ease chronic pain, anxiety and depression. Now some money experts say awareness tools such as these can help you avoid impulse purchases and create a spending plan that reflects your values.

There’s no single definition of mindfulness, but Leah Weiss, who teaches leading with mindfulness and compassion at Stanford University’s Graduate School of Business, says it can be viewed as “the intentional use of attention.”

You may want to save every penny, buy only “Made in USA” items or reduce what you send to the landfill. Mindfulness can help you make conscious choices so your everyday purchases live up to that goal.

YOUR SPENDING HABITS

Financial planner and educator Carrie Schwab-Pomerantz recommends starting with a “financial cleanse “ to get a handle on where your money is going. Use cash to cover day-to-day expenses for one month. It’s more painful to part with cash than to pull out plastic, so you’ll build awareness.

Other ways to resist mindless buying:

Wait a day, or a week. Schwab-Pomerantz says taking time to think before you spend is often enough to get past temptation

If you simply cannot wait, she advises buying from a retailer with a good return policy. If you realize you made a mistake, a refund will help more than store credit

Don’t tempt yourself. Avoid the places where you tend to buy on impulse.

PAY ATTENTION

Paying attention helps you pause and think before buying. Trying some simple exercises can help you get better at it.

Meditation — sometimes as little as five to 10 minutes a day of focused breathing — has been shown to affect areas of the brain that control attention, emotion and habit, says Cortland Dahl, a research scientist at the University of Wisconsin’s Center for Healthy Minds. If you want to stop making mindless or money-wasting choices, meditation may help build the “muscle” that enables you to pay attention to your thoughts.

Money is a limited resource for most of us, and thinking — or thinking twice — can help us make conscious choices.

KNOW WHAT YOU WANT

Brent Kessel, a certified financial planner and the author of “It’s Not About the Money,” offers this exercise: Imagine your finances a year from now.

What changes in how you use money would you feel good about? Maybe you turn a spendy habit into a once-in-a-while treat, then use the savings to get on a plane to visit a friend or relative or raise your 401(k) contribution.

MEANINGFUL spending

Kessel recommends tracking your spending to figure out what you value and what you’re likely to regret. Write down what you buy, then note how you felt about it 24 hours later, three days later and a week later. Patterns should emerge that will help you make wiser choices.

More in Business

Subscribe to our Daily Newsletter

* indicates required
TODAY'S PHOTOS