Advertising
Advertising

Want to Know What Your Personal Values Are? Ask Your Bank.

Want to Know What Your Personal Values Are? Ask Your Bank.
    Photo credit: qas (CC BY-NC-SA 2.0)

    Before I begin, I need to give full credit of this post to Rob Lawrence, a great friend of mine and the co-author of a book we wrote together called Get Noticed. Rob is also a creativity coach who has inspired me on numerous occasions with his advice. One particular instance was when he was telling me about measuring values.

    I can’t quite remember how it came up, but Rob and I were having a conversation about how personal values can change over short periods of time and how you can measure them. Rob suggested to me that my personal values are largely defined by two things; how I spend my money, and how I spend my time.

    Advertising

    It’s a simple concept, but when you think about it we all have two main commodities which we can spend as we choose; time and money. Therefore, how we decide to allocate those two commodities should indicate which things we value more than others.

    In June 2011 I decided to open up my bank statement to see where I was spending my money. I was shocked to see that I was spending almost a fifth of my income on rent (something I don’t feel I valued highly) and also how little I was spending on eating out (something I thought I valued much more).

    Advertising

    My Values

      Four months down the line I revisited this task and was shocked by how much my spending has changed in such a small amount of time. A lot of things have changed over the past four months, but my rent now represents nearer to 10% of my income, which is good, but my car is now costing me 22% of my income, which is not something I’m too pleased about.

      Advertising

      It’s important to note when doing this, that it’s more to do with what each category represents rather than the category itself. For example, despite 22% of my income being spent on driving, that doesn’t mean I love driving, it means that I value seeing new places and getting to work on time. The 19.3% that I spend eating out is more to do with spending time with colleagues, friends, and my girlfriend, than it is about a love for eating in restaurants.

      How you spend your day is who you are

      Last month I realised that I’m as much a writer as I am a social media guy. When people asked me “what do you do?” my immediate reaction is to say “I work in social media at a digital marketing agency”, but in reality I probably spend more time writing books and blog posts than I do working at the agency, therefore, it’s probably fair to say that I’m predominantly a writer.

      Advertising

      Analyzing how you spend your time can be a very insightful activity to do from various angles, but looking from the perspective of “what are my values” can show you how much value you place on different friends, family, work, side projects, sleeping, keeping fit and other things that you spend your days doing.

      How knowing your values can improve your lifestyle

      All of this information is great, but unless you do something with it it’s worthless.

      I recommend analyzing how your money and time is spent for one month, and then writing down five things you want to decrease your spend on, and five things you’d like to increase your spend on. Then several months down the line revisit this exercise and see how you’re getting on.

      More by this author

      Want to Know What Your Personal Values Are? Ask Your Bank.

      Trending in Lifestyle

      1 7 Natural Sleep Remedies (Backed by Science) 2 The Importance of Sleep Cycles (and Tips to Improve Yours) 3 8 Weight Loss Tracker and Exercise Apps for Your Fitness Goals 4 13 Best Fitness Apps to Use in the Comfort of Your Home 5 Benefits of Water: Science-Backed Reasons to Stay Hydrated

      Read Next

      Advertising
      Advertising
      Advertising

      Last Updated on March 24, 2021

      8 Smart Home Gadgets You Need in Your House

      8 Smart Home Gadgets You Need in Your House

      We’ve all done it. We’ve gone out and bought useless gadgets that we don’t really need, just because they seemed really cool at the time. Then, we are stuck with a bunch of junk, and end up tossing it or trying to sell it on Ebay.

      On the other hand, there are some pretty awesome tech inventions that are actually useful. For instance, many of the latest home gadgets do some of your work for you, from adjusting the home thermostat to locking your front door. And, if used as designed, these tools should really help to make your life a lot easier—and that’s not just a claim from some infomercial trying to sell you yet another useless gadget.

      Advertising

      Take a look at some of the most popular “smart gadgets” on the market:

      1. Smart Door Locks

      A smart lock lets you lock and unlock your doors by using your smartphone, a special key fob, or biometrics. These locks are keyless, and much more difficult for intruders to break into, making your home a lot safer. You can even use a special app to let people into your home if you are not there to greet them.

      Advertising

      2. Smart Kitchen Tools

      Wouldn’t you just love to have a pot of coffee waiting for you when you get home from work? What about a “smart pan” that tells you exactly when you need to flip that omelet? From meat thermometers to kitchen scales, you’ll find a variety of “smart” gadgets designed to make culinary geeks salivate.

      3. Mini Home Speaker Play:1

      If you love big sound, but hate how much space big speakers take up, and if you want a stereo system that is no bigger than your fist, check out the Play:1 mini speaker. All you have to do is plug it in, connect, and then you can stream without worrying about any interruptions or interface. You can even add onto it, and have different music playing in different rooms.

      Advertising

      4. Wi-Fi Security Cameras

      These are the latest in home security, and they connect to the Wi-Fi in your home. You can use your mobile devices to monitor what is going on in your home at all times, no matter where you are. Options include motion sensors, two-way audio, and different recording options.

      5. Nest Thermostat

      This is a thermostat that lives with you. It can sense seasonal changes, temperature changes, etc., and it will adjust itself automatically. You will never have to fiddle with a thermostat dial or keypad again, because this one basically does all of the work for you. It can also help you to save as much as 12% on heating bills, and 15% on cooling bills.

      Advertising

      6. Smart Lighting

      Control your home lighting from your remote device. This is great if you are out and want to make sure that there are some lights on. It is designed to be energy efficient, so it will pay for itself over time because you won’t have to spend so much on your monthly energy bills.

      7. Google Chromecast Ultra

      Whether you love movies, television shows, music, etc., you can stream it all using Google Chromecast Ultra. Stream all of the entertainment you love in up to 4K UHD and HDR, for just $69 monthly.

      8. Canary

      This home security system will automatically contact emergency services when they are needed. This system offers both video and audio surveillance, so there will be evidence if there are any break-ins on your property. You can also use it to check up on what’s happening at home when you are not there, including to make sure the kids are doing their homework.

      Featured photo credit: Karolina via kaboompics.com

      Read Next