If you want to increase your savings, then you may find it hard to get motivated to do it. Many of us have the desire to save up more money but just find that we do not do it and end up spending instead. There are things you can do though, which will help you to be able to be more successful at it.
Write Down the Reasons
It is good to start by writing down the reasons why we want to save more money. There could be all sorts of different reasons for wanting to do this but there will be something that is important to you. Write this down. The reason we need to write it down rather than just thinking about it is that it has more impact on it. In fact, it is good to also write down what your specific goal is – perhaps to put £100 a month in my savings account for two years to go towards the cost of my wedding’. Something really specific like this will help you to focus on what you want to achieve and you will know exactly why you want to achieve it as well.
Imagine What it Will be Like Once Your Have Achieved your Goal
It can be a good idea to also think about how good that feeling will be when you have achieved your goal. Think about how good you will feel when you have done it. This ca really help to motivate you because you will want to work towards that happy feeling that you have imagined.
Constantly Remind Yourself
It is a good idea to remind yourself a lot of what you are trying to achieve and why. This is because we can easily run out of motivation for doing something and this will mean that we could give up and no longer bother. If we keep not only thinking about the fact that we need to have it, but why we are doing and revisiting how it will feel when we achieve it, we will feel much more motivated to achieve it. So stick a note someone and make sure that you read it regularly so that you are able to keep reminding yourself of the goal at least daily if not more often.
Set up a Regular Transfer
It can be useful to set up a regular transfer of money into your savings account. This will ensure that you do not forget to save the money. If the money leaves your account at the beginning of the month then it will not be available to spend. You will need to be careful though and make sure that you limit your spending so that you do not run out of money when you do this. It is something a lot of people manage to do though and so it is possible, but you will need to keep a good check on your bank balance through the month to check this.
Ask Yourself if you Really Need Purchases
When you are buying things, it can be a good idea to ask yourself whether it is something that you really need. We often buy things through habit or because we like the look of them and do not think too much about them. If you can change your thinking and ask yourself whether you really need the items that you are buying, then this can help you to be able to check whether you are actually buying items that you really need and want or just buying things without really considering if they will be worthwhile.