With the Holidays quickly approaching most people today find it difficult to save their money. There are so many advertising ploys and gimmicks out there that convince us we need to buy things that we seem to struggle holding on to our money.
While a little self-discipline and determination can help fix this problem, many people find it difficult to even scrape up those qualities within themselves. One of the main reasons why people don’t save their money is because they literally think they can’t afford to save money.
If you are unemployed or deep in a financial crisis, it may seem like you literally don’t have money to save. Every cent you receive you need to use to pay off a debt or even pay your rent.
It Can Start With a Dollar
But even if this is your situation, it is important that you have a plan to build some savings. Even if you only set aside $1 per paycheck, that is still helping you build savings.
You may not think it is helping very much, but in time, that money will build and will create a small savings account for you. Even this small amount of savings will come in handy when you need an extra leg up financially.
Don’t Forget the Fun Money!
Here are a few tips you can follow in order to help yourself start saving. One of the best things you can do is give yourself a little money for fun.
All work and no play makes Jack a dull boy, right? Just remember the rule of moderation.
If you spend all of your money on fun things, then this is not good. But if you spend all of your money on necessities, that is not good either.
It is all about balance, just like life. Give yourself a little percentage of your paycheck to spend on fun things, and you will feel better.
You will feel as if you are fulfilling your obligation to save money, but that you are also allowed to spend a little of your hard earned money on something fun for yourself. You must set rules for yourself, however.
You must have enough self-discipline to not dip your hand into your savings account and cheat, however. It may seem easy.
There may not be anyone watching you to make sure you don’t do it. But you have to watch yourself and make sure you don’t do it.
Just think how much better you will feel if you don’t cheat and just stick to the amount of money that you’ve allotted yourself. You will feel accomplished and like you have shown that you have self-discipline.
It is important too that you don’t get on a budget for anyone else. You don’t need to prove yourself to anybody or try to show off.
Make a budget for you, to show yourself that you have character and discipline and that you can do things you set your mind too. Show yourself that you can set goals and stick to them.
Sticking to Goals Gives You Motivation
You will feel much more fulfilled if you make and keep goals because it is something you want to do for your own personal well-being and self-development. It is also interesting to think about how people spend their money.
Many people, when they have more money, feel less obligated to spend it. They feel like they must keep a large pool of money and only spend a little bit of it.
And then, on the contrary, when people only have a little bit of money, they think that they might as well spend it because they don’t have very much anyway. This is an interesting phenomenon in our society today.
People spend their money differently depending on how they acquired it. If they earned the money themselves from working hard at their job, then they will be less likely to spend it.
But if they were just given money as a gift or acquired it through some other means, there are more likely to spend it. This is certainly an interesting idea to think about.
Pay The Bills ASAP
Another great way to save money is to pay bills as soon as they arrive. This will help you to prioritize your remaining money because you will only see what is left rather than all of what you have.
When you are saving your money, you have to realize what is most important to you. If buying that Starbucks coffee is important to you, then buy it.
But don’t forget about that new car you’ve wanted to save up for. Every little bit counts, so think about what you really want when you approach savings in your own life.