6 Ways to Increase Your Motivation to Save Money

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A lack of motivation can destroy the most well-intentioned plans to save money.

You can have all the financial literacy and even the surplus funds to make a dent in your savings goals, but if you lack the motivation, you can easily fall victim to the paycheck to paycheck lifestyle.

Saving money is often a marathon, not a sprint. Here are some helpful tips that’ll boost your motivation to save money.

6 Ideas to Keep You Motivated to Save Money

Use these tips as fuel to power you along on your savings journey.

1. Set SMART Goals

Set yourself up for success by creating savings goals that are specific, measurable, attainable, relevant and timely — otherwise known as SMART goals. This framework makes it more likely that you’ll actually achieve your goals.

It’s easier to stay focused on your savings journey when you clearly know what you’re trying to achieve, why it’s so important and that you’re actually capable of seeing it through.

2. Use Visual Reminders

Looking at visual representations of your savings goals on a regular basis will consistently remind you to stick to your plan to save money.

There are several different ways to make your savings goals visual. You can keep track of your savings progress in a bullet journal that you leave open on your desk each day. Or you might want to tape a special chart to your fridge that you incrementally color in each time you add to your savings.

Another option is to create a vision board with images that represent what you’re saving up for — like your dream home or an overseas vacation — so you’re often reminded of what you’re working toward.

3. Get an Accountability Partner

Not everyone has the self-discipline to stick to the savings plan they create for themselves. That’s why it’s beneficial to have an accountability partner.

An accountability partner is someone you trust to remind you of your goals and help you get back on track before you find yourself going adrift. Check…

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