Do you know how to save money? If yes, that is great but it will not work effectively unless you can answer four simple questions about saving money.
- Do you notice new opportunities?
- Why do you save?
- To whom are you saving?
- Can you make your decisions consciously?
There are various ways but none of them can work efficiently unless you know why you save money and who will use it in the future.
1. How to save money?
You searched for the tips about saving money. I am not going to give you ideas about that. All I am trying is to give you a different perspective about your failure.
You can decide how to save money according to your income, expenses, life style, etc. You know the exact way which can work for you or at least which you can work on. You succeeded about some of them but at the end you do not have enough money saved.
When you get stuck to the way you prefer, it is like you have blinders on and you miss some opportunities. You spend more than you saved in a different occasion.
You decide to buy your clothes on sale but you cannot resist a new cell phone. You decide to limit eating out but you cannot give up your favorite wine at dinner. Cell phone and wine are not on your list.
2. Why are you saving money?
Do you really have an exact goal which forces you to save or you just save for urgency?
You should have a strong reason for money because defining why you save money is the strongest motivator to save if your reason is something you desire.
Setting up specific goals make them stronger. Which one of the below do you think is stronger?
** Money for retirement or for hobbies or for your dream home
** Money for children or their education or for a specific college
If, why you want to save money is strong enough, than how to save it will not be a challenge. This is the most common mistake when trying to save money. You can never be sure about how to save because there are different opportunities but you can always be sure about why you want to save money. Although why to save money is under your control, how to save it always depends on someone or something.
Your reason is more stable than the way you prefer.
There can always be an emergency for money and you cannot stand it for too long if you are saving money for urgency. At the moment anything can be urgent for you and you can lose your savings.
3. Who will use the money you saved?
It is always easier to sacrifice yourself for your loved ones. You can give up your needs for your children, spouse, parents or best friends. But, do you sacrifice yourself for a stranger?
Some people have problems with connecting to their future selves like he is a stranger.
If you think that your future-self will have different opportunities, better social and economic conditions, than you cannot connect to your future self. You accept your future self as a stranger who is better than you who can handle everything in the future without your help now. At the end, you do not want to sacrifice your present needs for the one you will be in the future, unconsciously.
On the contrary, if you think that your future-self will be only older and wiser than you, than you can build the connection easily. Saving money for your future-self who is wiser than you will turn into a good idea.
4. Unconscious Decisions
People make decisions unconsciously without even they think about it consciously. There is only a little time delay between your unconscious decision and action.
Your subconscious mind is full of your relationship with money, experiences, habits, social relationships, religious beliefs, etc. Your past is all recorded in your subconscious mind and you cannot easily erase or change it.
Imagine that you always had enough money for whatever you need. You neither have to worry about money nor saved any. Do you think that your subconscious mind will change although your economic conditions change? Unless you make your decisions consciously, your subconscious mind will decide to get what you need now, as it always decided. So, can you save money in that case?
4 things to do before saving Money
1. You must always be open to new opportunities. Life around you change every second and how to save money list must adapt to change.
2. You must have a strong and specific reason to save money. Your goals are the keys of your success.
3. You must connect to your future-self. You will be the one you want to be in the future not a stranger..
4. Be careful about subconscious decisions unless they fit your goals.
You can get help to improve your motivation, decision-making, confidence and goal-setting if you want to achieve your goals about money. You can try Brainwave Entrainment which is the most effective way to improve your mind power about prosperity.