Do You Give Your Money a Purpose?

Do You Give Your Money a Purpose?

The following blog post is part of The Road to Financial Wellness blog tour. The Road to Financial Wellness is a three-month, grassroots campaign promoting financial empowerment on a national level and encourages people to pursue their dream lifestyle. Find out more about local events near you.

One of the greatest financial revelations of my life involved understanding that money is a tool.

I  like the idea of giving my money a purpose. Rather than buying random items that I don’t particularly care about, and trying to work to get more money, I started looking at my money in terms of what it can do for me and others.

I still need to work in order to earn money and maintain my lifestyle; I’m not living on passive income or anything like that. However, the money I earn has a specific purpose. While I invest in the hopes of growing my wealth, I also realize that there’s a lot of good my money can do today. Plus, I like the idea of using my money to enjoy life and provide opportunities for my son.

give money a purpose

What Do You Want Your Money to Do for You?

When trying to give my money a purpose, I started with my values and my goals. I was really disappointed the day I realized that my house was full of clutter that I didn’t really care about. In fact, if I had saved that money, instead of buying things of dubious interest to me, I could have taken a luxury vacation to just about anywhere in the world. That’s when I decided to rethink how I used my money.

I though about what I wanted money to do for me. What could I do if I directed my financial resources differently? Instead of buying things, I started focusing more on experiences. I knew I wanted to be able to give to charity, live comfortably, save for retirement and rainy days, and get my son involved with enriching activities. Once I narrowed my focus, it became easier make money decisions in line with living a more fulfilling life on my own terms.

To me, financial wellness is about looking at your values and priorities and doing what you can to put your money toward the things that give your life meaning and purpose. For me, that’s enusring that my future is funded, and that I feel like I’m furthering causes I believe in. After that, I like that my son can take music lessons and fencing lessons, and that we can travel together.

I’m fortunate that I have a great career that allows me freedom and flexibility, and provides enough income that I can do most of what I want. It wasn’t always like that, though. Before I thought about what I wanted my life to look like, and before I started cutting my spending on things that didn’t really matter to me so that I could put that money toward things that are more important to me, money was the bane of my existence. There never seemed to be enough of it.

Now, even though I might have to plan ahead for some bigger expenses (like the Viking River Cruise my son and I plan on next summer), I can do most of what I find worthwhile. I have time to volunteer in the community and contribute to charity. Money isn’t the answer to everything, but if you give money a purpose, it can help you live a more fulfilling life — and you can enjoy a healthier relationship with your finances.

I’m excited to be a host along the Road to Financial Wellness. There will be a pit stop in Idaho Falls, ID, my hometown, on August 8, 2016, from 1 pm to 5 pm at ISU Credit Union on Sunnyside. You can learn about the event on Facebook and RSVP on Eventbrite.

Written by Miranda Marquit

Miranda Marquit is a freelance writer and professional blogger, specializing in personal finance, small business, and investing topics. She writes for a number of financial web sites and blogs, and has been featured in numerous media. Read about life as a freelancer at MirandaMarquit.com and in her book Confessions of a Professional Blogger.

3 Responses to Do You Give Your Money a Purpose?

  1. I love this! You know Jason and I have been talking a lot about purpose and giving your money purpose is so important! Thanks for participating 🙂

  2. You don’t have to do all the work! Let the money you worked hard for work for you, so you can have new experiences!

    Thanks for participating in the blog tour!

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