Live Well: Budgeting for Peace of Mind

The lead-up to the holidays is often a whirlwind of shopping and frenzied preparations. What if this year you took the time to live in the present? This is what fans of “slow living” recommend. During this period when the days fly by and many of us yearn for rest, reducing the stress of the holiday season can also lead to reducing spending.

The term “slow” is used as an acronym for:

S = Sustainable - having a limited impact on the environment
L = Local - encouraging the production of local, artisanal products
O = Organic - using more natural farming methods
W = Whole - using unprocessed products

Here are a few tips on using slow living over the holidays: 

• Reduce your consumption Shopping in person at a local store is more gratifying than online, and can help you discover options that are more in line with your budget, values, or lifestyle. Plus, social interactions will brighten your day! Buying used items is another great way to reduce your footprint at bargain prices.
• Keep socializing to a minimum Focus on visits with close friends and family. The slower pace allows you truly enjoy meaningful moments with friends and family. Whether you’re on your own or with your partner, friends or family, remember that quality time is probably the most precious gift, more valuable than any trinkets you buy.
• Look for free activities It’s almost magical how free outdoor activities encourage you to slow down. Walking or sledding in the park, skating, running errands or simply enjoying a stroll through your neighbourhood are great ways to unburden your mind and lighten your heart.
• Nourish your body and mind Which would you rather receive: a generic storebought gift, or homemade cookies? Food is comforting and makes people happy, especially if you take the time to prepare it from scratch.
• Give yourself the gift of time! Turn gift-wrapping into a fun Sunday activity rather than a last-minute stress. Try making and writing your cards in advance, while listening to soothing music. Take the opportunity to turn off your phone and disconnect from social media.
• Focus on the essentials This is a great time to think about your priorities and what you really want to achieve. Explore what really matters to you and connect with your true self.

When you embrace the principles of slowing down, you should notice the beneficial effects not only on your mind and your heart, but also on your finances. Focusing on what matters most also means taking care of yourself. Enjoy slowing things down!

Read the full article, and other financial wellness tips on the Desjardins website.