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

by Practical Psychology's Tips
Published: 3 years ago
|Updated: 2 years 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.



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

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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.


Make a detailed monthly statement of your expenses and incomes.

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Avoid buying unnecessary things by getting influenced by advertisements.

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

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

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Increase your income instead of reducing your expenses.

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Practical Psychology's Tips


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