Have you ever stopped and considered why you feel buyers remorse?
What if I told you that knowing what your core values are can help eliminate buyer’s remorse. Most people have never heard of or explored what their core values are, never mind thinking about how they relate to your money. In addition, knowing your core values can help bring awareness on how you spend your money, why you make the decisions you do and how it can help you avoid overspending. Let me explain.
I learn best through examples and metaphors, so I use them a lot in my communication. When I can see how something relates to other things or people, I can mirror those steps and see how it relates to myself. So I am going to share my 5 core values and explain how something like going out to eat can feel in alignment or cause me regret.
Here they are, my 5 core values: Compassion, Honesty, Connection, Family/Friends, and Nature – for me this is how I connect best to God.
At Christmas time, my entire family (husband, two sons, daughter-in-law and I) were headed back home from visiting an out of town family member. We had agreed to stop at a specific restaurant to eat before my oldest son and daughter-in-law drove in another direction to their home.
When we were seated, we made the intentional decision to stay off the phones. If someone was “just going to look something up”, (as we can all get sucked into) they were reminded that having that specific answer right now didn’t really matter. (Yup I was even reminded)
Needless to say we had a wonderful dinner. We shared stories, laughed a bunch, and really treasured being present in the moment. During this dinner, two of my core values were in alignment: Family/Friends and Connection. So when the bill came, I briefly looked at the bill and happily paid for the experience.
On the flip side, imagine this: it is one of those nights where I don’t feel like cooking, or time has gotten away from me and we are left with some “heat and eat” options at home or grabbing a quick bite to eat somewhere else. When we choose to grab food on the run it frequently does not make me feel good. I feel like I am wasting money and I usually experience regret.
Here is what I notice, I complain about the cost of the food, even to myself. Why is it that I notice the expense? I mean it is cheaper than the meal at the sit down restaurant, but what i realized is that none of my core values are being met.
It also interferes with my big picture financial why/goal of buying enough property that my sons and their spouses (if they want) can build a house and live on the property. This property goal ties back to 3 of my core values: Family/Friends, Connection and Nature. So when we eat on the run it also delays that goal and causes me to be annoyed.
Hopefully with the above examples you can see how knowing and living in alignment with your core values can empower you over your finances.
Take our 5 core values assessment to find out what your core values are! I would love to hear about your specific core values and if you can think of a similar example to the one above that applies to your own life and goals!