Addicted to Saving Money
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We are either a saver or a spender. In most cases, the spenders often seem happier on the outside but let me tell you that I’m extremely proud to be a saver. In fact, I’m addicted to saving so let me tell you why.
It brings a level of comfort to know that you can weather unforeseen events
Those that have a solid emergency fund will know this feeling. When you have money saved, you will feel a level of comfort knowing that you are prepared for the unexpected.
Having Money is Satisfying and Builds Confidence
Once you have a good savings plan and some money saved, you are able to make confident decisions in many situations that relate to money. You can decide based on long term outcome instead of short term gains.
It’s Great to See the Numbers Go Up
Whether it is visitors to blogs, revenue for the company or money in our bank accounts, we love see the graphs that trend upwards over time. As we start saving money and accumulate more and more in our savings, we will be addicted to the numbers alone!
How to Make Savings Fun
Are you a spender and you are still not convinced? A saver that don’t know how to make spenders save? Why not try to make savings fun?
Make it a Game
Games are always fun, so let’s setup a savings game. We can try to beat our savings for the last month, or just setup a savings goal for the year.
Rewards Always Work
In order for the game to work, we should reward ourselves. It could be buying something we always wanted, or even just a good night out for dinner. It’s important that the reward is satisfying and it doesn’t necessarily need to have a high monetary value.
Have a Competition
To keep it even more interesting, set up the game so your family and friends can join! Perhaps you can setup a competition where the highest saver of the money will win.
Addicted to Savings
Saving money is not the easiest thing for everyone to do. With some creativity though, even spenders can save more money! Go savers!
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Weekly Roundup: Another Baby Edition at Clever Dude Personal Finance & Money on August 22nd, 2008 at 8:50 pm Says:
[...] MoneyNing shows us that he’s addicted to saving money, and a number of ways to save money (i.e. putting it in the [...]
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The Financial Blogger | Financial Ramblins on August 23rd, 2008 at 3:01 am Says:
[...] Ning is trying to convince us that you can get addicted to saving and that frugality can be fun! There are some good tricks to make it “less painful” but I am [...]
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Carnival Time! | artofthecoupon.com on August 26th, 2008 at 5:31 am Says:
[...] over here include this post about making lemonade from financial lemons at Funny About Money and Addicted to Saving Money at Money Ning. [...]








One addiction that will give some positive feedback is saving
However, make sure that you don’t save soo much you end up depriving your self of life’s precious moments.
Sam
Fix My Personal Finance
http://fixmypersonalfinance.com
Saving money IS addictive. In a good way, though. It’s exciting to see your money grow and it leads to more saving. Having your nest egg is insurance against whatever may come up. It beats putting it on a credit card!
At least it is a good addiction!!!
I agree - it can be a fruitful addiction. I like setting myself 3 month goals to see how much I casn save. I must be costing my bank and mortgage lender a fortune because I am always asking for statements to be sent to me!
Good article, but I believe that people should try to earn more money, rather than save.