How to Start Saving Money
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Where do I Start Saving Money?
Here is my thought on where someone should begin saving money.
You know that 6 inch space between your ears? That is where you start saving money. Before you begin clipping coupons, turning down your thermostat, buying a used car, you need to start saving in your mind and decision making.
Many people fail to consistently save money because what they are doing is too fast, too much, or they are not committed to what they are doing, why they are doing it, and what the goal for doing it is. Many people, like dieting, go cold turkey, or crash diet, and they are not capable of maintaining the results, they changed what they do, but they still want to eat that cake, sleep in and not work out.
- Make the decision.
First, you need to decide that you are going to save money. Whatever your reason may be, you need to make the decision to start, that is it, simply determine that today you are going to change your habits and lifestyle.
- Saving money is a lifestyle and habitual change
Again, much like dieting, the most successful stories tell of complete lifestyle changes. Do not think you can save in certain areas of your life and not others, and only during the weekdays and the weekends you spend frivolously. Saving takes commitment, consistence, and permanent changes to your habits and lifestyle.
- Start slowly
Once you make the decision to save money, make slow and consistent changes. If you make too many changes too fast, you may not be able to adjust and will lose sight of your goals. Make a list of different ways to save money. Then maybe once a month, implement one at a time. Tip: have something that you consider a cheat or a reward. If you normally get coffee before work each day, maybe a reward would be getting one each Friday. Rewards or little cheats keep you going, keep your goals in perspective, and give you something to look forward to.
- Have goals
Another major part of making the decision to save is to have goals. It does not matter what they are, but you need to have them and strive for them. A goal can be anything from saving enough to fund my child’s college education, to saving enough to rent a cabin for the family once a year. The goal could be to save for something, or to simply lower your total expenses by a certain dollar amount. After each goal is hit, ask yourself if you want to go further, or if you are happy where you are.
I will emphasize again that it does not matter your reason or your goals, but you need to have both. Each person will save for a different reason, purpose, or goal, but you need to have them, and they need to be something worth striving for and changing for.
People have built careers on discovering ways to save money, so once you make the decision to save, you have your reason to do it, and you have your goals to strive for, all that is left is how you will do it, and that is the easy part once the foundational tips above are in place.
If you are having trouble making a change, there are many ways to save money by simply reorganizing the order in which you do something, such as your bank account
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