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These Simple Tactics Will Help You Become More Mindful With Your Money Modern technology can help you spend your money, not save.

By Phil Town

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Phil Town says we can all benefit from being more mindful with our money. Destructive habits like using our credit cards and failing to balance our budgets can deplete your savings.

Before you make big purchases, you should probably wait a week to really consider all of the pros and cons. You will come to realize that your impulse buys are mostly empty in the long run and investing your money is ultimately more lucrative.

Click the video to hear more from Phil Town.

Related: Is Your Side Hustle Actually Making You Money?

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Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

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