bahrainthismonth.com | APRIL 2025 COMMERCE 46 Financial Wellbeing In my previous column, I urged you to look at where you sit on the spending-saving scale and to notice your patterns. This month let’s talk about how to get to wherever you want to be in relation to spending and saving. Irrespective of your financial situation, we all interact with money and very few of us have a healthy interaction. By that I mean, very few people are satisfied with their level of savings or their quality of expenditures. But how does one get to a place where there is more contentment in relation to money? The answer lies in an old mantra – habits and consistency pave the path to change. So, let’s hack your money mindset this month. Goals are for everyone If you are a person who says I don’t have a financial goal or I don’t want to set one, and, if that is true, this article would not have caught your eye. So, since you’re here, goals are for you. Managing money effectively is about more than just saving – it’s about balance. This month, Pria Masson explores how to cultivate mindful financial habits, set meaningful goals and maintain a healthy relationship with money. Hack Your Money Mindset: The Balance of Saving and Spending You very likely have some unmet financial need and to be on a healthy financial path, a goal is non-negotiable. Acknowledge the need, set the goal. Rituals that work well Companies usually have quarterly budget meetings. We all know the reason why – to take stock of where plans and reality sit and to take measures to get things to be where they need to be. Treat your personal finances with the same respect. Plan and keep checking in on the plan just like you would for other personal rituals such as making sure you check in with a doctor, getting your car checked regularly etc. That doesn’t mean you live life like a company – it means you factor in the main stuff that you know, account for some overheads and then keep a track to make sure you’re not too far from your goal.
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