How to Encourage Yourself to Save Money

You know that you should save more, but for some reason, you can’t stick to the habit for more than a week, and you’re not sure what will help you at this point.

The good news is that anyone can trick themselves into saving money. You just have to find the right way to do it.

Why Should You Save More Money?

If you don’t have any savings, you’re going to be vulnerable to surprise expenses outside of your budget. Maybe your car will break down and need repairs, or your furnace will need some maintenance, and then you’ll panic over how you’re going to pay the bill when all is said and done.

What can you do? When you don’t have savings, you could try to put the expense on your credit card and pay down the balance later. Or you could go to this source for online loans and see whether you qualify to apply for one. If you’re eligible and your application is approved, you can use the borrowed funds from the online loan to pay for the surprise expense quickly.

Ideally, you wouldn’t have to look into these solutions at all. You would have your extra savings set aside in an emergency fund. You could withdraw the amount that you need from your fund to handle the surprise expense right away.

What Can You Do to Encourage Yourself to Save More?

Go Smaller

One mistake that you could be making is setting a savings goal that is way too big. You don’t want to bite off more than you can chew.

Instead, divide up that big goal into smaller ones that you know you can reach. It won’t be so intimidating to start working towards your targets, and you’ll get rewarded for meeting those targets much faster.

Turn It into a Game

Your problem might be that you see saving money as a tedious chore that you’re forcing yourself to do. You just might need a change in perspective. Think of it less like a chore to slog through hand more of a game that you’re trying to beat.

How can you gamify your savings goals? It all depends on the type of games that you like to play! If you like playing on easy mode and you don’t want to struggle too much, you should try out gamified personal finance apps and see which ones hook you to keep going.

If you prefer playing on hard mode, you might want to look into money-saving challenges like the 52-week challenge or the no-spend challenge and take on the one that suits you best. This could push you to test yourself.

And if you like playing in a group, see whether you can get a friend or family member to join in on the fun. Tapping into your competitive side could help you stick to your savings goal.

Take Advantage of Tech

If your problem is that you just don’t have the energy to do the work of saving, then you can turn to your tech for help. The right browser extensions can help you find better deals when you’re shopping online. There are apps like Trim that can help you find and cancel unwanted subscriptions. These are simple solutions that will put savings back in your pocket.

And, of course, if you don’t have the energy to put your savings into an account every month, you can use your online banking to automate your savings payments for you. You don’t have to worry about this task slipping your mind — your savings will get moved into that account right on schedule.

Don’t give up just yet! You can follow these tips and finally encourage yourself to save more money.

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