7 Psychological Money Saving Tricks - How to Save More Money Each Month!

by Practical Psychology's Tips
Practical Psychology's Tips
Practical Psychology's Tips

Union City, USA

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Psychology
3 months ago

Learning how to save money can be hard if you weren’t taught any great habits when you were younger. Spending money is a major factor that is affected by how our mind works, and knowing the psychological tricks behind this puts you a step ahead in the money saving game. Here are 7 psychological tricks you can apply in your life to save more money each month.

7

Tasks

Use cold hard cash instead of a debit card or cheque.

Daily 8x

Set up a savings account and send a certain percentage of your earnings to that account you can’t withdraw from. Make sure your savings account receives that money automatically.

Once

Make a detailed monthly statement of your expenses and incomes.

Monthly 1x

Avoid buying unnecessary things by getting influenced by advertisements.

Daily 1x

Understand the value of “Now Vs Later”. Try to delay the things you want to spend money on to save it.

Daily 1x

Convert the price of a thing into your income per hour.

Daily 1x

Increase your income instead of reducing your expenses.

Daily 1x

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