I'll be honest. Even I scoffed at this one at first. Planning your budget, paying bills and allocating your income for investments are super-boring words. Sitting at a desk with a spreadsheet open is also dreary. Make it a little less tiresome by changing the ambiance.
Picture: Janet Ramsden/Flickr
Part of the reason we avoid doing the kinds of financial work we need to do is because it feels draining. One way to mitigate this is to move your financial work to a more comfortable setting. If lighting some candles, sliding into comfy sweatpants, and putting on some music sounds like a good night to you, do that right before you get started. As Daily Worth explains:
Cutting back, spending less, being frugal…yeah, doesn't sound like a heck of a lot of fun, does it? "We associate saving money with feelings of deprivation, with having to pass up things that we love," explains Timmons. "And that doesn't give us much impetus to follow through."
So, try to make the blah process as enjoyable as possible and you'll be galvanised to stash more cash. Begin by creating a monthly ritual for evaluating your savings that you might actually look forward to. Slip into cozy slippers, light a few candles and pour yourself a cup of tea for example.
This process might not work for everyone, but it's a helpful psychological trick to make yourself dread doing something a little less. The process would also differ for everyone. I'm most comfortable at my desktop typing than I am with paper and pen. The more I can do my financial work here, the better I am. Adapting your surroundings to your tasks is far more powerful than you might think.
6 Fascinating Mind Tricks That Help You Save Money [Daily Worth]