- Picture the Lifestyle You Want
“Have a specific goal and envision the lifestyle you’ll be able to have if you stick to it,” This will make financial cutbacks more palatable and keep you both motivated and focused on your goal.
So whether you’re saving for a home, retirement, or a new car, find pictures that represent your dream, and keep them in view—on your fridge, pinned to a bulletin board, or even on Pinterest. The more you are reminded of your goal, the more motivated you’ll be. You may even want to tour houses like the one you want or take a look at your ideal car.
- Think Before You Buy
“When you’re about to make a purchase, ask yourself this: Is it a need or a want?” “If you answer with honesty, you will save money.”
- Go to Boot Camp
Financial boot camps take a fast-paced, tough-love approach to providing enrollees with financial knowledge and the skills they need to make changes. Joining a financial boot camp can mean learning finance basics with other like-minded people, who will tell you to get back on your horse if you flub it.
- Go on a Spending Diet
Designate two days a week as no-spend. Pay only for essentials, like bus fare or tolls for work, and skip using money on nonessentials like coffee or lunches out or candy bars—or any of the other little things we waste money on.
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Always be what you want to be.