How to Make Financial Decisions You Can Live With.

By Jennifer Thompson


June 8, 2021

How do we make financial decisions?

Whether it’s buying that cup of coffee on the way to work or purchasing a home, we all make financial decisions on a regular basis. Some are small and some have a bigger impact on our lives.

Jennifer Thompson Compelling 365

We purchase things for what appears to be a variety of reasons. But these reasons are motivated by two dominant forces – to move towards pleasure or to avoid pain. If you are finding it difficult to make financial decisions, there may be other underlying issues involved.

Make Financial Decisions You Can Live by Asking Yourself:

Is what I am purchasing aligned with my values?

Recognize that your values and priorities can change over time. You may have felt responsible for providing for your children while they were young. But you may need to question if this is necessary if they are adults.

Has anything changed in your life?

If you suddenly find it difficult to make financial decisions it could be a result of a major life change. Such as divorce or the death of a spouse. Especially if you were used to making decisions together as a couple or if your spouse was responsible for most of the financial decisions in your home. Get financial advice and start to educate yourself on financial matters.

Have you lost focus?

For fear of losing out, we may be enticed by ‘shiny objects” –  what’s “new” “hip” or the popular. And we can lose our focus. Check to see if your loss of focus is caused by the need for approval. Go back to point number one, “does this align with my values?”

Are you looking too far ahead at the expense of the present?

Saving all your disposable income for retirement at the expense of anything else, when you are only in your twenties is an example of looking too far ahead. Investing all your assets in long-term vehicles without any thought for the present is another example.

Or are you too afraid to look at your future and are living only for today?

This is far too common. The extensive use of credit is a result of this behavior – buy today, pay tomorrow. But the penalty of this mentality is far greater than the temporary pleasure you get from compulsive purchases.

Financial Decision Making Checklist

Making Financial Decisions

What does this financial decision mean to you?

More freedom? Or maybe more security?

● What are the consequences if you were to proceed with the decision? List this.

Who will be affected by the decision?

● Do you have their support?

It will make a huge difference if you do.


Financial decision-making is a process and you are never dealing with complete information.  But if you are in alignment with what your heart values then it makes things a lot clearer. It may not be easy, but it is much clearer.

For Strategies to Making Better Financial Decisions, Sign Up For My 3 Week Money Makeover Course or My 10 Week Money Mastery Program.

Or Sign Up For My 21 Day Challenge to Rescript Your Life Of Abundance

This post contains affiliate links. I may receive a commission from third-party products purchased by you (at no additional cost to you).


Creative strategist and life and business coach, Jennifer Thompson helps women achieve their long terms goals. Through one on one coaching, online courses, and public speaking, Jennifer empowers women and businesses to manifest the outcomes they desire. For a consultation, please email her at jenniferthompson@compelling365.com.

She has written numerous books on money: Women and Money: 7 Principles Every Woman Needs to Know to Be Financially Prepared in Any Economy and Growing Up With Money: Raising Financially Resilient Kids in an Age of Uncertainty


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1 Comment

  1. Maurice

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