Saving Money is a Discipline
Saving money is discipline, pure and simple. It is a discipline like exercising on a daily basis is, or like sticking to a diet. There are no huge secrets to the art of saving money, no secrets that we will reveal that you have never heard before, no earth shattering new technique, just simple focus, mental conditioning and effort. I know many of you think that you just can’t save any money on what you are making, that you barely get by as is, and I am sure for many of you that may be true, but it probably isn’t. The good news is I’m not trying to sell anything here so I am not going to tell you everyone can save money. In this economy many people have lost their jobs, their cars and homes, for them their problems are more severe then simple tips on how to save money. But 90% of you still have jobs and have an income and for you there is more than hope to save money, there is a solution.
First lets do away with the obvious, “if I just made more money I could save more,” this is completely untrue. “I have done a budget and there is no where else I can cut.” Budgets are an outstanding and needed tool for financial health, but just because you have done a budget doesn’t mean there isn’t room to save more money. As stated earlier, saving money is a discipline and like most disciplines it requires dedication, repetition and certain drills. So, for our purposes I am going to suggest one simple drill to work on and perfect, and it won’t cut into your budget, won’t require you to make more money, and will not require you to give up anything significant in your life.
Let’s start with Day one, month one, you need to do one simple thing. Before you go to bed at night take one dollar from your wallet or purse and put it in a drawer. Everyone has a dollar in their pocket, take your loose change you have lying around if you have to, but find a dollar. Now, repeat this procedure every day for thirty days, one month. This is no problem for 99% of the people who are working, do it every day, remember it’s a discipline. At the end of the month, what do you have? Thirty dollars obviously, I know it doesn’t seem like much but you saved thirty dollars more than you did the previous month.
Next, day one, month two. At the end of the day you need to do one simple thing. Take two dollars from your wallet or purse and stick it in the drawer. If you had a dollar in your pocket last month then you will have two dollars in your pocket, no one even notices two dollars. Repeat this procedure for thirty days, do not deviate, at the end of two months you will have saved ninety dollars, I know, seems like a lot of effort for ninety dollars. But you are working towards a goal, developing a discipline, and saving money.
Next, month three day one, repeat the same procedure only with three dollars, if you did two you can do three. At the end of the month you will have saved one hundred and eighty dollars. Do you see where we are heading?
Now I am not saying this can go on forever, the next month is obviously four dollars. At some point to do this you may have to give up something. For me I gave up starbucks in the morning, I made my coffee at home. For a friend of mine to meet his goal he gave up sodas from the vending machine during his coffee break to make his goal of four dollars a day. But if you save four dollars a day for a year you are saving an additional $1500, and if you could save five dollars a day by just making sure you tuck it away in a drawer every night, you will save close to $2,000 a year. And some of you may be able to save even more than that everyday and that will translates into large savings. Most of us really don’t even think about four, five, six or even more dollars, we spend it without considering it no matter our financial situation. But if you instill this discipline, practice it, take it as far as you can without altering your life, you will find that you have acquired a discipline that can save you thousands of dollars a year. Almost every working person can afford to do this, give it a try and see the results. And remember saving money is a discipline, it takes focus and a goal.