6 Ways to Make Money Saving Tips Stick

There’s a big difference between knowing about money saving tips, and actually turning them into good financial habits! These six ways to make money saving tips stick can help you achieve your financial goals …

Before the tips, a quip: “Habit is habit, and not to be flung out of the window by any man, but coaxed downstairs a step at a time.” ~ Mark Twain.

It takes time and effort to create a good money habit, but once you do, it’s yours for life. To take control of your personal finances, read The Cure for Money Madness: Break Your Bad Money Habits, Live Without Financial Stress–and Make More Money! And, here are six tips for achieving your financial goals…

1. Activate two money saving tips a month. There are smart ways to save money everywhere – the internet, books, your rich old aunt, on placemats at funky restaurants. Don’t try to implement every money tip you find; instead pick two a month. Focus on making those two tips a habit. In a month or six weeks, find two more money saving tips to work on. This way, you’re not overwhelmed with a million ways to save money – and you’re steadily progressing towards financial abundance.

2. Be accountable to people in the same financial boat. Create an accountability group (even if it’s just two of you) for people who want to achieve their financial goals. Meet in person or check in online every month, and keep each other accountable for establishing your new financial habits.

3. Factor in your personality traits. When you’re making money saving tips stick,, pay attention to your likes and dislikes, characteristics, and lifestyle. What’s your money personality – what are your money beliefs? Are you a saver or a spender? Do you associate with people who have good financial habits, or are you always on a spending spree with friends? To achieve your financial goals, you need to “ride the horse in the direction its going” – which means not trying to change who you are. Instead find ways to fit those money saving tips into your life.

4. Be aware of bigger issues that stop you from establishing good money habits. Sometimes a bad financial habit, such as obsessive shopping or gambling, is the symptom of a bigger emotional issue. If you’ve been trying to implement money saving tips into your life for years without success, take a look within yourself. Why is financial abundance such a struggle for you? Is there something you’re trying to avoid – or an emotional gap in your life that you need to fill?

5. Live from your vision, not your circumstances.  Creating a vision is difficult, but once you know what you want for your life (such as being credit card debt free, or paying off your mortgage), you have a framework for your future finances.  Your circumstances will never get you closer to your goal; only your vision can guide you towards what you want. If your goal is to earn more money, act like someone who is already financially successful and responsible (and don’t run amok with your credit card). To achieve your financial goals, focus on what you want — not where you are.

6. Turn price tags into hours worked. This is a brilliant money habit from the founder of Mint.com: “So you don’t really need another pair of jeans, but you eyed one that costs just $40,” says Aaron Patzer. “Inexpensive, right?  That depends on how you think of it, Patzer said. Say you earn $7 an hour at your part-time job (not uncommon for high school or college students who work after school and on the weekends). You’d need to work almost 6 hours to pay for those jeans. If you work 10 hours a week, that’s 60% of your work time. Think of it this way, and that pair of jeans doesn’t look that cheap, after all.” Make it a habit to look at the things you want in terms of how long it takes to earn them.

For more money savings tips, read Money and the Law of Attraction – 4 Ways to Attract Wealth.

What’s your best or worst financial habit? Comments welcome below…


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3 thoughts on “6 Ways to Make Money Saving Tips Stick”

  1. Not buying stuff unless you really need it is one of the most important money saving tips that is often ignored. We’re all surrounded by crap we don’t need – what a waste of money!

  2. Laurie Pawlik-Kienlen

    It takes time to establish good financial habits, but once you do, you’re hooked for life! I love the thrill of paying down the mortgage, not being burdened with credit card debt, and actually applying money saving tips to my life…it takes time, but it’s possible.
    .-= Laurie Pawlik-Kienlen´s last blog post …Establish Good Financial Habits – 6 Ways to Make Money Saving Tips Stick =-.

  3. Thank you for your very relevant post!
    So many people are struggling with money troubles these days.
    I find for myself that I am usually in more control of my money that I feel.
    So, this is about perspective and mindset.
    Choosing the perspective that I have all the money I need and embracing the mindset of spending, saving and investing it wisely.

    :) Susan
    .-= Susan Liddy´s last blog post …American Academy of Pediatrics (AAP) Is Advocating for U.S. Pediatricians to Perform Certain Types of Female Genital Mutilation (FGM) =-.