Think about the last time someone asked you about saving money and encouraged you to do so. How did that comment make you fee?
For starters, you may feel like that, your money situation isn’t much of their concern. That said, if it’s a close friend or family member, chances are they’re looking out for you and your best interest.
And with that, you start to think about what it means to save money, and you immediately think the worst.
This is going to be difficult. You’re going to have to start cutting expenses and not enjoying the finer things you have been (ironically, the same things and purchases that may have got you in trouble in the first place).
If nothing else, you don’t believe that saving money is a good thing. And it certainly isn’t going to be enjoyable or fun, by any means. Or, can it be?
So, saving money for some might not be enjoyable but then again it doesn’t really have to be agonizing or painful. Sure, you may realistically have to cut from your expenses, and ditch a few items or benefits you are currently indulging in, such as the amazing cable package that you really don’t need or that weekly shopping trip the day after payday.
But beyond the obvious, you can enjoy saving money if for no other reason then it will lead to more money in your pocket and a savings account that actually will gain, rather than either lose or not exist at all.
Sometimes that mindset alone is enough to will you from zero dollars in the bank to maybe a few thousand by the end of the year. The trick is to treat money and your income as just that: yours. The first item on your budget should be a line item that includes paying yourself, and that simply translates into taking at least five percent of your pay and putting it aside into a savings account or “paying yourself.”
Can you really argue that paying yourself or putting aside 50 or 100 dollars into a savings account doesn’t mean more to you than movie channels, a new pair of jeans weekly or skipping one or two dinners out to eat at a restaurant?
The trick to saving isn’t so much loving every second of it, but getting the big picture and realizing that every dollar saved is one more toward financial security, retirement or anything else that allows you to breathe a huge sigh of saving money relief.
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