Great Savings

3 shifts in your mindset that will save money

3 shifts in your mindset that will save money

We all want to save money, and we surely have read many money saving tips online. However, with the following small shifts in your mindset, the chance of success is much greater.

Phew, saving is hard right? Guess what, it doesn’t have to be! Often it is connected to your attitude about money, which has been ingrained since childhood, that makes it so difficult to save money. But if you change your misconceptions about saving, it will become a lot easier to put money aside.

These three small shifts in your mindset will actually help you achieve your savings goals!

You don’t have to ‘give up’ anything to save money

Fair is fair: saving money has a negative association. When someone mentions that he or she is saving, you don’t think: gee, what a nice life they have. This mindset can ensure that saving does not really work. But you don’t have to ‘give up’ anything if you don’t want to. Saving money doesn’t automatically mean you can’t have fun anymore.

If you approach it wisely, you can just make a budget for it. For example, there’s nothing wrong with a budget for sportswear if that’s what makes you happy. Because if you ‘give up’ all the nice things in life in order to save, we’ll guarantee that at some point you won’t feel like it anymore. Then nothing will come of your savings goal. Earlier we described how you can save and enjoy at the same time and how you can even live a ‘luxury’ life when you are saving.

Reward yourself when you achieve your goals

You reward yourself when you achieve goals at work, school or your health, right? So, then why not do the same when it comes to money? Life is much more fun when we celebrate our successes. Achieving a savings goal, finding a new way to save money, establishing a passive source of income, and staying within your budget are all good reasons to reward yourself.

For example, you can celebrate the achievement if you stay within your grocery budget every month. That will enable you to achieve big goals, such as buying a house. This is a fact that has even been shown by various studies.

But when celebrating your financial success, you’ll have to be careful not to spend your saved money just as hard. That means: don’t buy expensive gadgets every time you have something to celebrate, because then you won’t get anywhere.

For example, one way to celebrate your financial success is to save your spare change throughout the month and use it to order your favorite meal at the end of the month. Or how about bringing your favorite specialty beers or wines from the supermarket? There will be extra bonus points, of course, if you manage to do so within your shopping budget.

Think of actual savings goals for yourself

You’ve probably heard the tip that it’s better to have a goal to save money. After all, you’ll have something to work towards and if you want to make a purchase that is actually of no use to you, a savings goal can help you to leave the product behind.

But just coming up with a goal will not get you there. Talk about it with anyone who will listen. Write it down, make a vision board, set an image of your goal as a screensaver. Anything that can help you stay motivated about saving.

This way you can make a true mindset shift. Saving will become a way in which you ‘earn’ extra money to ultimately make your life better and more fun. This is how you change your money mindset from negativity to positivity.