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How to Clarify Your Values by Tracking Your Time and Money

A values clarification exercise that starts with your diary and bank statement, plus what ACT research says about living by your values.

By · 5 min read · Updated November 4, 2026

You say family comes first, then answer work emails through dinner. You say health matters, then trade sleep for one more deadline. That doesn't make you a hypocrite. It usually means your values were never made specific enough to compete with whatever is in front of you.

To clarify your values, start with what you already do, not with a list of nice words. Look at where your time, money and attention go, and notice where you feel proud or resentful. Then turn what you find into small actions you can repeat this week. Values only exist as behavior.

The most worked-out version of this comes from acceptance and commitment therapy (ACT). It's a talk therapy that treats values as self chosen, desirable ways of behaving, rather than feelings you wait for.

Why Most Values Lists Don't Work

Values lists hand you words like integrity, freedom and connection with no context. Integrity can mean keeping promises to one person and saying the awkward true thing to another. Circling ten words on a worksheet tells you what sounds good, not what you'll choose at 6pm on a Tuesday.

The distinction between values and goals helps here. A goal can be finished: book the trip, get the job. A way of behaving, like being a friend who turns up, is something you keep doing. ACT still uses goals, but as steps toward goals directed by values.

A Values Clarification Exercise That Starts With Your Week

Spend one ordinary week noticing where your hours and money go, without changing anything. A rough note on your phone each evening is enough. The point isn't to judge yourself. It shows the values you're acting on right now, which may not be the ones you'd write down.

Then look at three things, in whatever order is easiest.

  • Moments you felt quietly right about a choice, whether or not anyone approved. Ask what you were standing up for.
  • Recurring resentments. If you're bitter about always organizing the get-togethers, fairness might matter more than you've admitted.
  • Your deal-breakers. If you've left a job over being micromanaged, trust or independence is probably near the top.

Write each value as a way of acting, not a noun. "Connection" is vague. "Being the friend people can call at 10pm" is something you can actually do, or fail to do.

Living According to Your Values When It Costs Something

Naming a value is the easy part. Living it usually means something uncomfortable: disappointing someone, saying no, leaving on time in an office that rewards staying late. ACT calls this committed action, which means participating in values-consistent activities, even when psychologically challenging.

That's the part most values exercises skip. They assume that once you know what matters, the guilt will step aside. In ACT, the discomfort is expected, and the work is acting with it still there. Setting boundaries without the guilt is where this shows up most days.

Sometimes you'll choose against a value on purpose, and that's fine if you're honest about it. Saying that money comes before creative work this year is a decision. Calling a job temporary for the fifth year running is a story.

What the Evidence Actually Covers

ACT as a whole has a reasonable evidence base. A 2020 review of 20 meta-analyses found it efficacious for all conditions examined, including anxiety, depression and pain, though it didn't outperform standard CBT. That's evidence for the whole therapy, not for values work on its own.

The values piece has less behind it. A 2020 systematic review found 17 studies that tested values work specifically, and in them values interventions had the desired effect. Those studies used very different methods and groups. Treat a values exercise as a useful way to think, not a treatment.

If nothing feels worth acting on, or you can't remember the last time you enjoyed anything, that isn't a values problem. NIMH lists loss of interest or pleasure in hobbies and activities as a sign of depression, and it's worth taking to a doctor. When life feels meaningless goes into this in more depth.

Making Values-Based Decisions Day to Day

Pick two or three values to work with for now, not ten. For each one, write one small action you could take this week. Connection might mean a phone-free dinner on Thursday. Growth might mean asking for feedback on one piece of work.

Before a bigger decision, ask which option moves you toward those values, even slightly. You'll still pick the safe option sometimes. At least you'll know what you traded.

Values shift, too. What mattered at 25 can look different at 38, especially after a major life transition. If you've been feeling adrift, finding purpose when you feel lost picks up where this leaves off.

Frequently Asked Questions

How Do You Know If You're Living by Your Values?

Look at the last week rather than how you feel. If your time and choices mostly match the actions you wrote down, you're doing it, even on days it feels hard. If they don't, pick one small action and do it before rewriting the whole list.

What If Your Values Clash With Your Family or Culture?

That's common, and it doesn't have to mean a dramatic break. Start by acting on the value in low-stakes places where the cost is small. If a relationship keeps asking you to act against something central, that tells you what needs to change.

How Many Core Values Should You Have?

There's no research-backed number. Two or three you can turn into actions this week are more useful than ten you can't remember. You can swap them as your life changes.

This article is for informational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always consult a qualified healthcare provider before making changes to your health routine.