The concept of reflecting on your feelings may not seem like a way to save money, but recognizing your emotions is the first step towards making changes that will guide your ability to start saving. In this article, we explore all the features available to you in Wellspent and describe how each feature can contribute to your effort to save money for the things that matter most to you.
What does the KonMari Method have to do with money management and Wellspent? More than you might think at first. Whether it’s through her books, Netflix show, or the KonMari method, Marie Kondo is asking people to determine what brings them value in life and what doesn’t.
The idea of mindfulness has become a popular theme in our culture today. We hear the word being tossed around in various forms, but do we really know what being mindful means? Learn how to apply this practice to your everyday life.
It’s that time of year again when school supplies line the aisles of every store, and the summer wind down begins to take its course. One of the more pressing topics that come to mind is money management, as the impending cost of textbooks, meal plans, housing and entertainment is imminent. Check out our six money-saving tips for college and university students heading back-to-school.
The benefits of journaling are just the same today as they were when you were young. Taking just a few minutes out of the day to record some of your thoughts and memories can help increase your overall mental health and wellness. Find out 6 benefits journaling can have on your life, mental health, and wellness.
Learning how to successfully manage your money is not a simple task. It takes patience and perseverance to keep yourself motivated to do better when it comes to altering your financial behaviour and habits. In a world full of options, we decided to breakdown the unique elements that help Wellspent stand out in a crowd of money management apps.
At Wellspent, we aim to empower people to spend their money well, but we don’t expect you to feel that way overnight. We created the option to reflect on your purchases as a means of helping you better understand how your spending habits impact your overall values. The purpose of reflection is to identify opportunities where you could save money while maximizing the joy you feel from the purchases that make you happier overall.
Choosing to tag your purchases will allow you to personalize the way you are tracking the money you spend. Custom tagging exists to help you learn more specifics around your spending. The more purchases you tag; the more data Wellspent can share with you to help you find areas of improvement and highlight areas where you are excelling.
Being smart with money isn’t just about following a by-the-numbers strategy of cutting back spending and setting budgets. It’s also about the small yet impactful ways you can fine-tune your personal finances, maximize your dollars, and ensure more of your money is spent on what brings you joy (while less is wasted on the things that don’t).