If you have not been finding it easy to save money, try these savings tricks.
Spending and saving money are two sides of the same coin, but savings is that side of the coin many do not find easy to do.
Everyone knows the importance of savings, but the only problem they have with it is their lack of discipline to set aside some money for future use.
To be honest, it is not so easy to save money of one hasn't formed the habit of spending less and saving more. But you can trick yourself into doing it
However, if you really want to make savings a habit, you can try these tips to trick yourself into saving.
1. Delay your purchase
Whenever you feel like buying an item, especially something you don't really need, you might need to wait for sometime, then sleep on it.
With this, you'll be able to determine if that item is a need or a want. If it's a want, the desire for it might fade after delaying it.
2. Try a savings challenge
Savings should be a habit and he does not have to feel like a work. You'll actually find it interesting if you make it look like a game or a challenge. Challenge your friend or spouse on a saving competition and see who saves better. Try this and get yourself saving money effortlessly.
3. Save the change
There is always that petty cash on your table, in your wallet and pockets that you are always tempted to spend because it is a change.
Yes, it is a change but you can keep it. You can always that small change and before you know it, it'll become one huge amount.
4. Reward Yourself
If you are able to save for one month uninterrupted, you honestly deserve some accolades.
So, what you should do to keep your motivation is to reward yourself. You can take a little amount from the saving to give yourself a good treat or buy yourself a gift. But hey, please, don't splash out on gifts that would break the bank.
Source: Pluse ng