The number one reason most people don’t save money is that they don’t have a savings plan. Not me. From the moment I wake in the morning, I’m thinking of new and creative ways to get a five back in change. How about you? Do you have a focused, saving goal?
The best way to answer that question is to ask yourself a few more questions. Do you save enough money, or any at all? Could you be saving more? If you do save, what are you saving for? If you’re not saving, where is all your money going? Understanding our savings habits, motivation, and obstacles begins with an honest assessment of our saving history and mindset.
Building a nest egg requires planning, patience, and practice. And discipline. For many of us, that’s the missing ingredient. Without discipline, it’s like anything else we start and then falter, giving up after too short a time. The diet that only lasts two weeks, the resolution to quit smoking that evaporates in an even shorter time. The promise to be nice to your in-laws the next time they’re in town.
The best part about saving fives, however, is that once you get the knack of it, the rewards are instant and cumulative. And a wad of extra cash becomes a lot easier to stick to than Fiber One and a work-out regimen. And it never gets boring.
So, all it takes is getting started with the proper attitude. My friend Julie, who also saves $5s, visualizes herself rolling around on her bed in a huge pile of $5 bills. Another friend tapes a picture of her dream vacation destination on the bathroom mirror to spur her to save. Whatever it takes is my motto.
What do you do to stay committed to saving? Please, leave a comment on this blog and maybe we can get a conversation going. Also, please consider following the blog so you’ll be the first to see new posts! Thank you!
Yours in Five,