Don’t like saving money?
These 3 tips are for you
If you feel like saving is a waste of time because you don’t have much money or didn’t start earlier, start small. Even small savings can give you security and improve your well-being. There is a common suggestion to have 3 to 6 months of income saved for emergencies. Forget about that for now, pick a small thing to save for and aim for that.
Make Your Own Rules
Some people feel like saving money holds them back from having what makes them happy. Create rules for yourself that keep you happy and leave room for saving. For example, if you love to go out to eat, do it! Just add a rule like, “I go out to eat on paydays.” or “I go out to eat 3 times a month.” If you enjoy online shopping, order away! Simply attach a rule to your shopping practice like, “I leave things I want in my cart for 2 days before I buy.” or “I don’t pay full price.”
Time Travel is a nudge to think about the future and take good care of yourself. We all have had times when we wish we had saved money, but the hustle of life got in the way. The time-travel tip reminds you to think about how you want to feel in a month or a year and make small changes to get there. Before you buy something consider if having a small emergency fund will give you more peace than the thing you want right now. Then skip back to the first tip.
Check out Neighbors’ Financial Empowerment Services for more tips and support getting started. You got this!