Save more money with 5 sneaky tricks

first_img 40SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Developing a savings habit can be daunting. It might feel like enough hassle tracking your money, without going the extra mile and assigning a proportion of your income to medium or long term savings. Like many good habits, it can be tough to get started.If you’re struggling, then try these simple and painless tricks to start building your nest egg. Not only will you quickly create a decent pot of money, you can also develop a habit which can last a lifetime.1. Get the Mindset Right FirstThe key to developing a savings habit is your mental approach. The barrier usually is not so much about making the changes needed to save, but about getting sucked into the mindset of feeling deprived. Once you get to this stage, you are more likely to splurge, and blow the savings on something you may later regret. If you’re trying to develop a daily or weekly habit, of ditching the morning coffees or paying bills on time, for example, then a habit tracking app like coach.me might help. Set your own personal goals, which you check off every day in your phone, and get reminders, encouragement, and a way of watching your new practice become a daily habit. continue reading »last_img

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