Saving money may not have a direct reputation for being great fun as it is about putting money away instead of spending it directly.
Make it more fun to save money
You have to have a little character so that you don’t spend your money on fun things as quickly as you earn them and you also have to be able to think ahead and plan for the future, preferably many years into the future.
Here we will present some thoughts and tips on how to make it a little more fun and easier to save.
1. Set goals
In order to have a good chance that the savings will be successful, it is important to set goals. Having goals for what you do is generally important, not only when you save money but also in other situations. Working towards a certain goal is more fun because you know that you will reach your goal in time and that you will then feel satisfied with your performance. Some goals are even more fun, for example if it involves saving to buy something.
Maybe you want to save money to afford to buy a house or you have to save money to get on plus at the end of each month. Whatever your goal is, there should be one. There can also be concrete things like that in six months you should have put aside X number of SEK or that you should have deducted your fixed costs by X number of SEK.
Which goals are right for you, you only know yourself, but be sure to set them up so you are clearly more likely to succeed with your savings. As I said, this is not just about spending extra money, but you can set goals to save on different things and reduce your costs. If you do, you have more money to move with which you can then save or spend.
2. Interim goals and rewards
Before we talked about your ultimate goal with saving and how important this is. However, a goal that is far ahead in time can sometimes be a little difficult to grasp and therefore it is good to set smaller goals along the way. Achieving these goals can help you stay motivated during the journey towards the big goal.
Giving yourself a small reward is also smart when these goals are achieved. The idea is that the reward should not be anything too big and expensive, but be something that you appreciate. Maybe you like to play golf and then you can allow yourself to go and play a round on another course even if it costs a few hundred bucks. Obviously, the reward should be in proportion to your goals, the goal is to cut costs by SEK 200 each month, the reward may not be so great, but then maybe it is just the matter of treating you to a really lovely TV evening in peace and quiet with a bag of chips. You can surely come up with some good reward that suits you.
An important part of it all is to not only fight for an end goal that is far away but to set milestones along the way. If your plan goes over several years, it may be nice to have an intermediate goal at least every six months so that you feel that it is not that far away. You can even drive every quarter. Then you should first of all make sure that you have done what you should have done in the past and then you can give yourself a little pat on the shoulder and some small reward if you succeed.
3. Socially creative
Having a good social life is important for enjoying life, if you are unhappy it will also be harder to save money. Unfortunately, social life often costs quite a lot of money without really thinking about it.
For example, walking with friends to watch a football match at the local pub has a tendency to pull away some money when some beers are ordered plus food. Instead, take a look at the game at someone’s home, which is much cheaper and doesn’t have to be boring in any way.
Instead of going to the mall with your friends, you can go out for a walk in nature, lie on the beach or just hang out in peace and quiet where you mostly talk to each other. There are lots of things you can find together with friends who do not cost money and who are at least as nice.
If you know that you do not have that much money to spend and that you need to save some, it is wise to know your limitations. Of course, you want to be part of everything and not say no to fun things, both because you miss something fun and because you can seem boring if you always say down. However, you sometimes have to be able to say something and either refuse or ask your friends to find something that costs a little less. As mentioned, it is not always expensive to spend time.
4. Save with someone
Relatives and friends help us with lots of things in life, it can be anything from eating healthier, homework, finding a job, etc. Therefore it is only logical to also help others when it comes to saving money. A good way for this is to find someone to save money with.
Set goals that you both need to achieve. Then whether it is exactly the same or different depends on your financial situation. Then make sure you trigger each other to succeed in achieving those goals. By doing this you can also connect to the previous tip. If, for example, you save with a friend, you also have someone you can hang out with “cheap”, who understands the importance of doing things that do not always cost as much.
Sharing tips along the way is also good. You probably have many different thoughts and ideas about finance that the other does not have control over and if you can talk about it and give each other some tips it can lead to both of you finding new ways to save and can look at your personal finances a little differently and better ways.
5. Find fun ways to make extra money
Extra money can be earned by getting a part-time job, but it doesn’t have to be such a big deal at all. Instead, there may be opportunities around where you live to make money in a little less way. You may be able to work with something a little bit now and then. Mowing, caring for children or whatever it may be that you think is perfectly okay to do and that can pull in a little extra.
If you have a specific hobby, something that you like to do and that you usually do just because it’s fun, you might be able to turn it into an extra income. If you like to photograph, you may be able to offer your services as a photographer at a friend’s wedding or a party, etc. If you like to paint or sew, this can also be transformed into a way of making money if you find someone in need of such knowledge.
6. Think through your costs and find pleasure in what you have saved
Reducing, for example, your TV offer can be seen as boring but if you do not use all the channels you can turn it all into something positive. Then think of all the money you save by not having those unnecessary channels. Knowing that there will be more money in the account at the end of the month should make the dissatisfaction with the deductible clearly less.
Say that you used to drive a car yourself to work every day, but instead start to cooperate, you can save many thousands of dollars. Of course, it may not be as easy to cohabitate as to go on our own, but considering how high we value money in general in our society, it is quite fun to have extra cash on the account.
Keep this in mind at the end of the month when you can put away those extra bucks, especially if there is big money. There is great pleasure in feeling that you have plenty of money left over and that you have saved properly. In this way, think through all the costs you have each month and see if anything can be done for them. Many times you spend more than you really need but are a little too comfortable to fix.
7. Make it a challenge to save when shopping
We have to buy some things as simple as that, food, for example, we find it difficult to manage without. Then make sure that shopping itself is a challenge in saving money. Instead of automatically taking the usual package of pasta that you always make, read carefully on the price tags which are really cheapest. Then it should be said that the cheapest is not always good enough but often it works very well.
Try to find coupons, real deeds, sell-outs, etc. to shop a little cheaper. Of course, it is important not to buy anything unnecessary just because it is cheap. Then check that you have traded how much money you really saved. Remember, for example, once when I traded goods at ICA that would normally have cost SEK 300 but which I got for SEK 200 thanks to discounts. Tell me that I was clearly more satisfied with my actions that day.
There is something generally quite satisfying about being able to buy things for less than they usually cost. As mentioned, you should try not to buy things that you do not need just because they are on sale, but some things you can also save for later, for example in the freezer or if there is one that does not get bad. Take the opportunity when it is lower priced and be happy that you made a cut.
8. Take advantage of what we do not see
We humans are a little stupid as we often have a hard time accepting that things cost money when we don’t see the banknotes being handed over. This makes it very easy to spend far too much money on online shops and the like, by trading with the card. But you can also use this “ability” for the positive.
Post an automatic transfer immediately after you receive a salary that sends a certain amount from your payroll account to a savings account. After a little while you will have completely forgotten that this money will disappear from the account, but you can have that nice knowledge that your savings are constantly increasing.
Giving away the money you want to save immediately when you get the salary is also very good. You should see the money that goes into savings in the same way you see a bill, something that has to be paid every month. If you try to wait for savings until the end of the month, you will be happy to spend as the money is there. You think you should see how much is left in the account and save that amount, but unfortunately you often have less money left than you should.
9. Accept that it sometimes goes wrong
If you put too much pressure on yourself to achieve your goals, there is a risk that you will be very dissatisfied when you do not really do what is required of you. Maybe you had decided that you should never go to the cinema but that really fun movie went up and all your friends would see it. It is then perfectly understandable that you spent the money at the cinema (but you can try to be good at avoiding, for example, popcorn and other extra costs, then it will not be as bad) and it is totally okay.
You should see saving as a long process not something to be done in a very short time. So it is a marathon and not a sprint. It is better that you keep a slow pace that you manage to keep than go out rock hard and then lose the energy halfway. If you happen to spend money that you never thought to take, then just calm down and try better you. Don’t get pissed at yourself, etc.
Saving money, whether it is about putting money away for the future or cutting down on different costs, is about deciding. It is a little like if you want to lose weight or the like. If you do not really go in for it, it will be difficult to implement it properly. If you have just the right attitude and the will, you have come a long way. Everyone makes mistakes or relapses sometimes, the important thing is not to be perfect but to get in the collar and continue with their plan after this relapse.