If you make saving money a lifestyle habit, you will be able to feed your piggy bank without feeling the pinch. Here are some tips on how you can make saving money a lifestyle habit.
Never spend your change
Put a piggy bank or an empty jar in a convenient place. Then each day, empty your pockets and dump your spare change into the bank. If you carry a purse, keep a little pouch in your purse for change. When the pouch is full, dump the change into your bank. When you have enough spare change in your piggy bank, cash it in and put the money in your savings account.
Teach your kids to save
One of the best ways to turn something into a good habit is to teach the habit. Sit at the table with your kids and come up with a plan as to how you can all save money. Have weekly meetings so everyone can share their updates. By talking about saving money each week, it will help to make saving money a lifestyle habit.
Don’t buy what you don’t need
A great way to save money is to stop buying items you don’t need. Each time you put an item back on the shelf, take the amount you would have spent and put it in the bank instead.
Teach a money saving class
Ask your local adult education coordinator if you can teach a class on how to save money. By teaching others your tips and tricks, it will help solidify your money saving habit.
Keep a money saving chart on your wall
Make a chart that you can keep in your kitchen or in your office. Set money saving goals and record your success. Get your kids involved by having them make their own charts too. Have friendly races or contests to see who can save the most money in the shortest amount of time.
Becoming good at saving money is worthy of a reward. But don’t spend everything you saved on your special treat. Instead, set an amount in advance that you are allowed to spend. If you decide that you can spend 10 percent of your savings at the end of the year, then spend just 10 percent and not a penny more.
Saving money is a good habit to have. It’s also a good habit to pass on to your children. Once you see how fun saving money can be, you just might become a money saving addict!
Please see some of my other article:
How to Avoid Buying Things You Do Not Need
Save Money at the Dollar Store
Crafts for Kids – Drinking Straw Crafts