Do you find it difficult to save the money you work hard to earn? if so then this article aims to help you get on top of your funds and start investing in your future (or maybe just getting together some money for a desperately needed car repair).
Have you ever found it to be so difficult to save up money you just don’t bother trying anymore if so you are part of the majority. Some people find it easy and natural to save for their future, but it is well known that these people have been programmed from a young age to save! So what does a person who is not a good saver do to get on top of things?
The key to saving is simple yet for some reason no one seems to know about it let alone employ it. Saving up money is just a formula but the problem is most people have it backwards. Here is an example:
John would like to save for a much needed holiday.
John works at a factory and he earns $500 a week and plans to save $50 dollars a week to put towards it. But after john pays all his bills, buys lunch at work and has drinks with his colleagues on Friday night he finds he has nothing left to put into his savings account? But I decides to put away $100 next week to make up for it, but once again after paying his bills and having drinks with his colleagues john again has no money left to put into his savings account.
This will continue in a vicious circle and john will probably never see any money to put towards his holiday unless he changes his strategy of saving. And worst still he probably now has I mindset that will stop him from ever attempting to try and save again.
The Solution!
The correct way for an individual to save is for them to reverse the equation. You need to take what you earn and deduct your saving amount from it then spend the rest at your leisure.
So john earns $500 a week he immediately deducts his $50 for savings then can go about his week spending the money any way he likes yes even drinking with his colleagues on Friday night. It is also a lot more gratifying to spend your money this way knowing that you have now put away the money you needed it is no longer a concern.
Having a saving bank account that takes more than a day to withdraw funds from will also help prevent you digging into your savings for impulse purchases. You would also benefit to keep in mind that what you are aiming to save is not a cash amount there is no motivation behind saving up cash who wants cash? What benefit can an individual get out of a number on a bank statement!
Simon Lissa is an Online Home Based Business Entrepreneur and the owner of http://www.paidonlinesurveys.biz A List of all the best paid online surveys available absolutely Free! Please feel free to visit: Paid Online Surveys
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