How a Money Journal Can Improve Your Finances

The practice of daily journaling has been proven to improve many aspects of a person’s life – from physical to spiritual health, quality of life and even finances.

Keeping a “money journal” is not just a way to track your spending, but a very helpful practice to improve your relationship with money.  Because when you have a healthy and happy relationship with money, you are definitely bound to prosper.

So how does a money journal really improve the quality of your financial life?

It will help you reflect on your goals.

Goal-setting is essential to achieving financial freedom.  But when it comes to money journaling, setting your goals this way isn’t simply just listing down what you want.  With your journal and your pen, you can write your big visions for the future, your small realistic goals, monthly targets, and how you plan to achieve them.  It’s a great way to reflect on every goal that you’ve set and get motivated everyday to take action.

It will help you become more conscious with your habits.

Journaling everyday about your finances will constantly remind you of your goals and help you become aware of your actions towards it.  With this awareness, you become more conscious and wise when it comes to spending and saving your money.  Without even forcing yourself, you become mindful of your spending.

It can help you manage financial stress.

Sometimes (or most of the time), our finances can give us so much negativity – fears, anxieties, worries, and jealousy to name a few, which can make us feel burned out and overwhelmed.  I think one effective way to manage these negative feelings towards money is journaling – sit down and explore these feelings instead of just ignoring them.  By doing this, you are able to reflect on how and why you are feeling this way, and identify what you can do to change this.

It will inspire you to be grateful.

One journal writing idea is listing down the things that you are grateful for.  Make it a habit to write at least three things that you are thankful for everyday, no matter how bad your financial situation is.  Remember that abundance in gratitude equals abundance in life.  And I truly believe with the saying that, “a grateful heart is a magnet for miracles.”

It can help you manifest wealth.

Some of you may disagree with me, but I believe in the law of attraction.  I know that if you ask, you will receive.  With your journal, you can manifest all your financial desires, no matter how impossible it sounds during that time.  Be specific with your manifestations and really feel that eventually, it’s going to happen.  With your faith, our Creator will surely give it to you at the right time.

It will help you see your progress.

With all your goals written down, you can see how far you have become, celebrate your success and get motivated to work on the rest of the goals that are yet to be accomplished.


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