How to train yourself to save

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

The habit of saving money must be developed from a young age. It takes patience, and without motivation, saving money is nearly impossible. In addition, with age, sometimes the temptation to live on credit becomes stronger, which all kinds of advertising encourages you to do. Sometimes the understanding that saving money is part of a normal lifestyle comes only when there is nothing to collect, the time has come to spend. So, if you are serious about saving money and are facing difficulties in the process, use five ways to motivate yourself.

1. Set achievable and interesting goals

One of the biggest mistakes in fundraising is lack of purpose. That is, you understand that you need to postpone, started saving, but you have no clarity about why you are doing this specifically. Most likely, you will succumb to the very first temptation to drop the saved amount in the nearest boutique on the second or third day after the start of the experiment with "savings". And be sure that you will definitely find an excuse for such an impulse. It's another matter if you know exactly what the money being saved is for. The goal must be, on the one hand, achievable for a certain period of time, and secondly, the pleasure from achieving it or the joy of owning it must be strong enough to redeem the temporary inconveniences associated with the economy. For example, it will be much easier to save a certain amount every month during the year so that you can relax in some paradise on New Year's holidays than just pledge yourself to save up so many thousand rubles by the end of the year.

2. Reward Yourself for Savings

Such a call seems illogical, because you put off and save every penny, and here is such a ruinous recommendation: reward yourself! In fact, it means that the process of long-term savings is more expedient to break up into short periods and moderately "celebrate" their achievement! Of course, you shouldn't be wasteful, but why not budget a small amount for the celebration?

For example, take a day off or go to the theater, dine at a more expensive cafe than usual. Just don't overdo it: a party like this shouldn't harm your goal!

3. Automate the process of crediting funds

This is the most productive way of saving, which, in the end, develops a person's habit of saving. If you receive a salary on a bank card, it’s as easy as shelling pears to contact the bank to arrange a service with them under the conditional name “piggy bank”: the agreed part of the money received on your account will be automatically redirected to your deposit, - in addition to the saved banknotes, you will receive more at the end of the term and a small percentage.

4. Do not save on little things, save big

Giving up inexpensive little pleasures and suffering over every ten, you will only bring yourself to a nervous breakdown. Let's go the other way and instead of a penny we will try to save several thousand rubles at a time. Try to focus not on small daily expenses, but on reducing expensive expenses. Basically, they happen when you decide to "planned" to replace outdated, but quite working models of household appliances or electronics with advertised new items. Think, maybe it is worth postponing for the time being the purchase of a new TV or quad-core laptop? After all, your TV is still pretty good, and you mainly use your laptop as a typewriter? In addition, as a rule, new items become much cheaper after a short time, and you can purchase them at a more reasonable price.

But in everything, a measure is needed: just as you should not live luxuriously in the little things and buy cookies for 200 rubles, you should not completely abandon the idea of updating technology and save on the necessary things that make life easier.

5. Take an interest in high-yielding tools for increasing capital

Are you saving money?

	Yes.
	No.

It is terribly depressing to watch your savings grow slowly! One of the ways to quickly increase capital is to look for high-yield savings accounts that sometimes offer significantly higher deposit rates than regular bank deposits. You may be interested in playing on the stock exchange or forex, buying bonds, blue-chip stocks and other modern tools. But do not forget, the higher the offered percentage, the higher the risk of losing even what you already have.