7 Psychological Money Saving Tricks - How to Save More Money Each Month!
by Practical Psychology's Tips
Published: a year ago
|Updated: 9 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.
Use cold hard cash instead of a debit card or cheque.
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.
Avoid buying unnecessary things by getting influenced by advertisements.
Understand the value of “Now Vs Later”. Try to delay the things you want to spend money on to save it.
Convert the price of a thing into your income per hour.
Increase your income instead of reducing your expenses.