-
a saving strategy...
I had to do this for my psych of learning class, so I thought I might as well post it here. This should not be mistaken for a saving plan, unless of course you integrate it with your saving plan.
Here's how it works -
Get a piggybank and a bag of your favorite candy that your not allowed to eat on your diet. Every time you put $20 or $100 in, eat a peice of candy. You'll be suprised to find yourself wanting to save money.
I'm using it for my little goals that come out of my spending money. Cause there's no reason I shouldn't be able to save a little of that spending money for the things I want, but it's so hard once it's in my pocket. My regular saving plan money still goes straight to the bank, but I don't touch that money.
Lena
-
Re: a saving strategy...
Pavlov would be sooo proud of you Lena. Its a shame that saving isn't its own reward but ...Its NOT. "We" put a negative spin on anything that doesn't provide instant gratification. Perhaps a result of the throw away society? Interesting study. Your professor should be given the choice of either a raise or tenure to complete the study.
-
Re: a saving strategy...
Thats any interesting look on saving cash. Puts a mental spin on you saving. Screw the cash...just get the candy!!!! The cash well in up being a nice reward almost as sweet as the candy.
-
Re: a saving strategy...
WOW!!! I am working on a way to help myself become financially independent, and this si an awesome idea. Thank you.
-
Re: a saving strategy...
Chiiiiiiit. The only thing I would need after saving would be a good personal trainer. ;)
-
Re: a saving strategy...
Another way is to learn to appreciate "delay-ed gratification" in re: savings. Give yourself a savings target... and when you reach that target... "shout" yourself something special that you'll truely appreciate.
The thing with money is it is all mental. Think before you go ahead and spend that money. Think about how what you are about to purchase will really benefit you in your life not just today .... in the future as well. If you start thinking of your purchases as investments instead of just "spending".... you might start to think differently in HOW you spend that money as you do want a good ROI (return on investment).
This is how I approach my spending so that I only purchase items that will benefit me personally and/or professionally.
-
Re: a saving strategy...
Lena,
Makes perfect sense to me. You are trading a current gratification (spending) for a delayed gratification (spending later) and a small current gratification--candy. the candy gives the reward of the chemical kind stronger,
Same principle as gambling (like lottery $wins or free tickets) where there are periodic small payouts to keep you going.