3 psychological tricks to help you save money.
Why do we need to save? Saving money is a must in any economy and anyone’s financial situation. It is the first half of the wealth building equation. In order, to build wealth, you need to invest it. In order to invest it, you need to have had it saved (or be in the process of saving it). A penny saved is a penny earned.
The point is, you need to be comfortable with saving. Make it part of your budget. Pretend you get paid $20 less per week. Do whatever you have to do to save. Think of it as paying your future self vs paying someone else and do it consistently. Consistency is the most important factor when it comes to saving and investing.
Enough rambling! Here are the 3 psychological tricks to help with your savings goals. Watch this TED Talk and your future self will thank you.
