1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way
Thursday, February 22, 2018
  1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way

The ability to save money is one of the foundational principles for reaching financial independence. Good money behaviors, including spending habits and a commitment to saving, are a recipe for success.

While some people seem to save money intuitively and without a great deal of effort, others find it difficult or almost impossible to do so. What are the differences between people who can save without a struggle, and those who find it difficult to save money, and how do people who struggle to save overcome these difficulties? (For more, see: 10 Ways to Effectively Save for the Future.)

Your Upbringing Influences Your Spending Habits

It’s never a good idea to blame our problems on others, but your upbringing exerts a great deal of influence on your spending habits. Typically, children raised in frugal households tend to save money more easily during their adult lives. The opposite holds true as well. Children of parents who spend impulsively or don’t have a good hold on their personal finances tend to have difficulty saving money as adults. Although this is not always the case, it’s worthwhile to look at the relationship that someone’s parents had with money.

Another reason some people can’t save is related to a phenomenon called learned helplessness. This is a state of mind that causes people to believe that there’s nothing they can do to escape a negative situation, when the opposite is actually true. As it relates to saving money, learned helplessness often arises in people who have had consistently negative experiences with money.

Although learned helplessness can begin during childhood, it can come about from adult experiences as well. The more often someone experiences a failed attempt to save money, the more likely they are to believe that they’re simply not capable of doing so. In other words, they begin to think that the inability to save money is just a part of who they are.

You’ll notice that both of these difficulties are learned behaviors. While it’s not always easy to reverse the trends established early in life, the good news is these patterns can be unlearned as well. The best way to begin unlearning these patterns is through practice.

4 Ways to Start Saving Money

  1. Start by saving a small amount each week.
  2. Track the progress you make, however small it is.
  3. Set savings goals and acknowledge reaching them with a small reward.
  4. Find a “financial buddy'” and establish a dynamic with them where you’re mutually accountable and can encourage one another.

While these can help, the most impactful practice I have seen is removing choice from the equation as much as possible.

Automate Your Savings

Hopefully, you’ve gained some insights into the psychology of saving money from what you’ve read here. But it’s equally important to understand that these insights are not enough to elicit the necessary changes. Self-awareness is necessary for making positive changes, but it’s far from sufficient. Any real change results from constructive action.

The best way to develop a savings habit it to automate. With an automated savings plan, you’ll be able to change your habits without even thinking about it. If you don’t have a savings account, open one immediately and connect to your checking account. You should also sign up for direct deposit and arrange for a percentage of your paycheck to be deposited into your savings account automatically.

Set up an emergency fund and contribute a reasonable amount to it consistently. This will help you cover unexpected expenses and facilitate the next rule of automated savings. Don’t touch the money in your savings account. Let it grow through good budgeting and proper use of your emergency fund. Last, ensure you are receiving your 401(k) match. This means contributing at least the maximum percentage that your employer will match, usually around 2%-3%.

Removing the need to choose to save by automating your savings is an easy way to establish the habit. For people who struggle saving money on their own, making the process automatic may be a necessity.

Don’t be discouraged if you happen to be someone who struggles to save money. Simply acknowledge the problem and remain focused on the solution. A big part of this solution is automated savings. Start executing your automated savings plan today and you’ll see a rosier financial future. (For more from this author, see: 3 Crucial Tips for Living Within Your Means.)

Mubashir Khatri

Mubashir Khatri Success life. Making people successful in a changing world.

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