There are those of us who seem to have a never-ending hole in our pockets when it comes to saving. I used to be that person. I had trouble just letting money sit. Now, I get more antsy if I can't put back more money at one time! It didn't come easy though. It took some mind bending to get it to change. Here are a few things that may help you change your saving psychology:
Dream It - Think of the future spending you would like to do after you save that money. Think of the house you could have or picking out the pretty new car you want. Maybe, if you are saving for retirement, think of how you want to spend that time! Is travel in your future? All of these things can help motivate you to put back that money you need to.
Smaller Pieces - They say the easiest way to eat an elephant is one bite at a time! With that in mind, Is it easier to save $5 a day, $35 a week or $140 a month? Sometimes if you think in small terms its easier to manage and not so overwhelming. Break down your savings in a way that seems manageable and easy. Before you know it, that elephant will be GONE!
A Spoonful of Sugar - Another mental trick is to pair something sweet with the bitterness of saving. For instance: If you watch a favorite show while you are on a treadmill it makes the time go faster. What if for every time you splurge on something, you put that same amount in savings? Can't live without seeing that movie? Put that amount in your savings. You want to spend more on that haircut? Put that amount in savings too. Having something you like along with the savings, doesn't make it seem so bad.
Automatic Saving - One last way that can really help build savings painlessly is to have some money that automatically goes into savings. Increase the amount that automatically goes into your retirement account. Have a savings account automatically withdraw a certain amount every time you get paid. When it happens all the time without any effort, your savings will build beautifully and as painlessly as possible!
These are just a few ways that can help you save money. Once you start saving, just watching that savings grow is also a great mental motivator. Just wait and see! ---Jen Lush