ABSTRACT
This chapter describes the steps necessary to become conscious and aware of our daily financial choices. Mindfulness implies awareness and consciousness of our feelings and mind in the present moment. Mindfulness focuses on raising consciousness, paying attention in the moment, and drawing purpose from our behaviors. Being mindful is an attempt to reduce that constant stream of thoughts running through our heads, many of which are negative. One of the keys to being mindful and conscious is to know our money types and make money decisions that reflect our own personality. Some basic money profiling types have been widely used to examine these different types. Behavioral biases that are still at work in the phase include the automation bias, availability bias and anchoring. The availability bias is at play because choices are typically made from within a limited range, from what is narrowly known or available to us.
