How to Develop a Savings Mentality
To some, saving money is great in theory but hard to put into practice. Kind of like dieting. Setting money aside methodically is the easiest way to do it, as is keeping track of your spending and using coupons. Finding a good deal on everything from groceries to bank rates helps chip away at debt. But true savings requires a total mind shift. Lost your money mojo? The Money Godmother’s Blog has tips to help you develop a savings mentality.
Think of saving as delayed spending. There is value in having an end goal for saving, whether it’s short-term (like new shoes or to buy holiday presents) or long-term (a retirement nest egg).