Are you a spending monster who wished you were a saving technician? Or do you want to know how to teach your kids to become a saver rather than a spender? If you answered yes to either (or you are just so bored anything will do this minute), the article is for you.
Confession of the “ah ha” Money Saving Moment
I have to confess that I didn’t discovered this secret until I was sitting in front of my computer with nothing to write about. I was staring at that white screen at the time and was actually thinking about golf. One thing led to another and when my mind wandered upon why I wanted to play so badly, it dawned on me that it was because of my good performance of late. My desire for golf were heightened by the success I was having. I wanted to feel good and golfing gave me that feeling. I was a recipient of positive influence.
Positive Influence in Becoming a Snowball Saver
Like a snowball rolling down a slope, positive influence can help give us a jump start along the path to prosperity. I still remember my first savings account and seeing my tiny account balance grow. The numbers were increasing at a snail pace, but they were definitely going up.
It was fun to see all those charts that trend upwards as I recall. I was young, but I already saw the benefits of saving. As the activity section was filled with transactions, I started associating the happiness to saving money. Not eating that candy bar the other kids had all of a sudden became okay. When I grew up, so did seeing all my friends buy high priced TVs without getting one myself.
Incorporating Positive Influence Into Your Daily Habits
If you are already a saver, then you agree that saving can be a source of happiness. If you are a spender though, then most of the usual advice of saving money won’t work because you just don’t see the benefit. Instead, try this:
- Build an Emergency Fund with a Savings Account – Start small, but start saving. Forget about investment accounts and any investments that may go down. Open an online savings account. Put some money in there, and start seeing that money grow.
- Reward Yourself When You Make Milestones – Set some goals and as you reach them, give yourself a small reward. It could be a nice dinner with your loved ones or a some new golf clubs. Whatever it is, make sure the money doesn’t come out of your savings account.
- Check Those Stats – Look at that account balance periodically. Let your family know how much money you saved since you started doing this. You will feel good about the progress, and that in turn will help you save more.
The Hardest Part of All
Congratulations, because you already accomplished the toughest part of all this – finding out about it. Now all you have to do is start. Once that snowball begins to roll, it will just continue rolling and rolling.
Aside: Positive influence works extremely well with paying off debt too. That’s why the debt snowball method works even though you might actually be paying more in interest. Here is more information on what the debt snowball is.