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

NCC, NDPC Sign MoU to Strengthen Data Protection in Nigeria’s Telecom Sector

The Nigerian Communications Commission (NCC) and the Nigerian Data...

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

79 Kogi State Polytechnic Students Graduate with Distinctions

From Noah Ocheni, LokojaNo fewer than 79 students of...

Plateau Hits ₦40bn Revenue Milestone, Sets ₦65bn Target for 2026

By Israel Adamu, JosThe Plateau State Government has announced...

Audi: Trajectory of Success and Changing the Narrative

From a plethora of achievements and milestones—despite daunting challenges...

CDHR National President Extols Virtues of Late Beko Ransome-Kuti

By Jabiru HassanThe National President of the Centre for...

CDHR President Pays Tribute to Late Beko Ransome-Kuti at Memorial Lecture

The National President of the Committee for the Defence...

News Release

Foundation Backs Govt’s Education Development DriveIn what many described as an...

Dr. Sasetu Takes Over as Permanent Secretary, Youths, Sports Ministry

From Abel Zwanke, LafiaDr. Stephen Iliya Sasetu has officially...

Related Articles

Popular Categories

spot_imgspot_img