Your financial goals are crucial to living the life you want. Whether you want to buy a home, take a trip, or retire in style, it’s going to take money.
And the only way to get there is by saving up enough to make those dreams a reality.
But saving can get tricky. With so many demands on your time, attention, and of course money, you need a solid approach to saving that improves your chances of getting to your goals faster.
Here are 4 things you should start doing today:
1. Automate It
It’s a lot less tempting to spend money if you never see it. Ask your bank if they have automated transfers that take money or percentage you want to save from you checking account and divert it to your savings account. Then, make sure you are being paid by direct deposit in your job or business so that the automation is full circle.
2. Don’t Peek
While automation allows you to keep your hands out of the cookie jar initially, you need to avoid temptation down the road. Make a deal with yourself not to look at your savings balance for a predetermined amount of time. That might be six months, a year, or more depending on your savings goals.
3. Make it Fun to Save More Money
You’re more likely to follow through on saving when you’re having fun along the way. Do whatever it takes to make saving money into a game. Give it a funny name. Pretend you’re playing in the savings World Cup and your victory depends on you staying strong until the end.
Do what works for you, but make sure it doesn’t seem like a chore, or you’re more likely to give up on it.
4. Refresh Your Motivation
When you first start out saving, you’re going to be incredibly motivated and excited by your goals. You have a clear vision of exactly why you need to save up money and how much.
However, over time this will fade, no matter how inspired you are from the start. To stay upbeat, you need to refresh your motivation periodically by writing down and visualizing your goals.
Learning how to save more money is one thing, but staying excited about it is a necessary part of the plan.
To Sum it Up
Saving money is one of the hardest things to do — if you don’t have a plan.
However, when you apply the four tips above to your saving goals, you’ll find yourself effortlessly saving up your money, being excited about it, and avoiding common mistakes.
Before you know it, you’ll have enough saved up to realize your wildest dreams.