x

4 Tips to trick yourself into saving money

Spending comes easier than saving. Actually, saving could prove to be hard but its results are sweet.

So, if you really want to make savings a habit, you can try these tips to trick yourself into saving.

1. Delay your purchase

Spending problem can seriously affect your personal finance.

Whenever you feel like buying an item, especially something you don’t really need, you might need to wait for sometime, then sleep on it.

With this, you’ll be able to determine if that item is a need or a want. If it’s a want, the desire for it might fade after delaying it.

2. Try a savings challenge

Savings should be a habit and he does not have to feel like a work. You’ll actually find it interesting if you make it look like a game or a challenge. Challenge your friend or spouse on a saving competition and see who saves better. Try this and get yourself saving money effortlessly.

3. Save the change

There is always that petty cash on your table, in your wallet and pockets that you are always tempted to spend because it is a change.

Yes, it is a change but you can keep it. You can always that small change and before you know it, it’ll become one huge amount.

4. Reward Yourself

How to manage your money effectively

If you are able to save for one month uninterrupted, you honestly deserve some accolades.

So, what you should do to keep your motivation is to reward yourself. You can take a little amount from the saving to give yourself a good treat or buy yourself a gift. But hey, please, don’t splash out on gifts that would break the bank.

Hot this week

Troops foil ambush, kill Boko Haram commanders in Borno

Troops of Operation Hadin Kai have foiled a Boko...

Odinkalu challenges police response over reported Kaduna church abductions

Former Chairman of the National Human Rights Commission and...

FG bans meter installation charges, threatens sanctions

The Federal Government has banned electricity distribution companies (DisCos)...

Bayelsa Police Arrest Key Suspect in Kidnapping of High Court Judge Omukoro

The Bayelsa State Police Command has arrested a key...

Electricity Sector: Consumers Decry Alleged Rights Abuses, Cite KAEDCO as Example

By Achadu Gabriel, KadunaConcerns are mounting over what critics...

Dogara Steps Into the Spotlight as Nigeria Seeks Unity

Since independence in 1960, Nigeria’s politics has been shaped...

KEDCO, Labour Unions Suspend Industrial Action After Agreement on Workers’ Benefits

The Kano Electricity Distribution Company (KEDCO) and labour unions...

Delta APC Stakeholders Meet in Asaba, Emphasise Unity, E-Registration, Congress Preparation

Stakeholders of the All Progressives Congress (APC) in Delta...

Bayelsa Governor Welcomes 1,236 NYSC Corps Members, Urges Discipline and Responsible Conduct

Bayelsa State Governor, Senator Douye Diri, has received 1,236...

Oborevwori Urges NYSC Corps Members to Uphold Safety, Discipline, National Unity

Delta State Governor, Sheriff Oborevwori, has urged members of...

Gyang Dung Gyang Condemns Killing of Miners in Kuru, Calls for Urgent Security Action

Gyang Dung Gyang, a Peoples Democratic Party (PDP) aspirant...

ITF Director, 21 Others Certified as City & Guilds International Examiners

The Industrial Training Fund (ITF) has certified a director,...

Kaduna:: Kurmin Wali victims recall ordeal, commend Gov Uba Sani’s Visit

By Achadu Gabriel, Kaduna-Governor Uba Sani has...

Related Articles

Popular Categories

spot_imgspot_img