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Managing Money With Meditation

At some point, most of us will have felt stressed about money. The pressure that accompanies the stress can feel overwhelming and ultimately, affects our relationships, sleep, and our health. The easiest thing to do is to let the emotions take over our lives and go into denial for fear that there is no end. The hardest thing to do is to face our financial stress head-on, stay present and devise a solution.

While meditation won't make us wealthy overnight, it can help bring an awareness that helps us reframe our approach to finances and ease the strain. When we can't change the reality of the situation, we can change our perspective and in doing so, change our relationship with the source of the stress and in this case, finances.

Notable scientific evidence, supports the argument that meditation helps people cope with anxiety and offers a number of other health benefits. Here's how meditation can boost your mental health – and your financial health:

  1. Meditation reduces stress by directly regulating physical responses, such as an increased heart rate and blood pressure, to financial stress.
  2. Meditation improves concentration by training practitioners to concentrate on a focal point. An improvement in concentration can help consumers make better financial decisions by channeling a thought process toward need over desire.
  3. Meditation increases self-awareness. Through self-awareness, people become more aware of their purpose and the state of their bodies. This can lead to better decision making and increased productivity. 
  4. Meditation increases happiness. Over time, meditation practitioners build an internal source of happiness and find themselves less dependent on purchasing expensive items to achieve personal joy.

Convinced? Many people want to start meditating but are intimidated by the process. While there are many courses out there, one of the easiest ways to start is to simply carve out five minutes in your morning to sit comfortably and focus on your breath traveling in and out of your nostrils for five minutes. Commit to this daily and sooner than later, you may find yourself adding minutes to your practice!