A Vow of Simplicity is Not So Simple

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Last week we explored one type of money belief, an unconscious vow of poverty that can lead to self-sabotage and harmful behaviors around money.

But what about those, like members of some religious orders, who consciously make vows of poverty? Does that lead to harmful money choices?

A conscious vow of poverty is more accurately described as a vow of simplicity. It is a commitment to live a simple life with as few of the trappings of materialism as possible. Such vows are part of the traditions of various religions, including Buddhism, Hinduism, and Christianity.