“When we consciously think about our actions and how we spend our time, we tend to be more consistent with our priorities. When we are on auto-pilot, we drift from our priorities and towards whatever happens to be most urgent at the moment “
A few months ago, a financial planner gave a guest lecture to students at my university about the importance of smart financial management right out of college. He talked about his own spending habits when he got his first job. As he drove to work for his first day, he stopped along the way for a Starbucks – after all, he had money now, and he deserved a treat. Later that day, his new colleagues took him out to lunch at a local café. What started as one-off decisions quickly became habits.