Sep 25
September 25, 2013

3 Simple Ways to Save Money

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These days there’s a certain lack mentality in society, and the news is constantly highlighting financial downfalls as well as the lack of opportunities in the job market.

To some extent, there is a universal and collective fear around not having enough. This fear manifests itself in worries about money, creates conflict in relationships, and negatively impacts our self-confidence.

The fundamental principle of the law of attraction is that what you focus on expands. If you focus on fear and lack of financial security, it will be difficult to manifest abundance.¬†Instead of concentrating on what you don’t have, shift your focus to gratitude for what you do have.

I’m a big believer in taking small steps toward your goals. Consistent action over time paves the way for change.

Here are three easy ways in which you can develop a healthier relationship with your financial picture.

1. Schedule Saving

Start with something small and attainable to build a habit of saving money. Whether it be 10, 50 or 100 dollars a week, the purpose is to create a habit of saving. By setting aside one day a week, you can consistently make saving what you have part of your lifestyle.

A convenient way to do this is with online banking. Create an online savings account where you can have a weekly reoccurring transfer. For example, you can schedule a transfer every Tuesday into your savings. This way it becomes automatic and you don’t even have to think about it!

2. The Envelope

Bring to mind something you want to buy or have. Take a blank envelope and write the item you want on it. For example, “a plane ticket” or “a handbag.” Put the envelope in a drawer and start to stash cash in your envelop.Having a specific goal in mind will help you remember exactly why you want to save, and will keep you motivated to set aside the extra money.¬†When you reach enough money, you can buy the thing you want. This sends a message to the universe that you can have the things you want!

3. Stop Using a Credit Card

Go to the bank or ATM machine and take out the amount of cash you want to use for the week. These days we’re used to swiping a credit card without realizing how much we’re spending, but using physical cash will allow you to monitor your spending more effectively (plus, you can store any left overs in “the envelope”). Keep your plastic in your wallet!

It doesn’t matter about your financial past. Some of the wealthiest people grew up poor, and we’ve all made regretful spending decisions. Focus instead on what you have now and take small actions to improve your financial future.

Small changes make big differences. Remember, mindset plays a big role. To get more into the abundance mindset, watch the video below.

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