- Make savings fun. Place a picture of what you're saving for on your mirror, computer monitor, or refrigerator. For example, if you're saving for a new car, find a picture of the particular make, model, and color car that you want to buy. Seeing your goal will motivate you to save. More savings info: http://bit.ly/ASaves.
- When you spend more than you earn, you are living beyond your means. This makes it difficult or impossible to save. To turn this situation around and achieve positive cash flow (income greater than expenses), consider ways to increase your income, trim spending, or do both. Variable expenses that are not locked into a fixed monthly amount (e.g., food and entertainment) are usually the easiest expenses to cut. More savings info: http://bit.ly/ASaves.
- Want to be a successful saver? Develop a spending plan (budget), a written plan for spending and saving money. Include savings for emergencies and future financial goals as fixed "expenses." Then automate savings deposits so they don't require ongoing self-control. Automatic savings is a powerful savings resource. More savings info: http://bit.ly/ASaves.
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