5 Strategies to SAVE Money | Psychological Ways to Save Money

We all know saving money is important. We dream of that fat bank account, financial security, and maybe even early retirement. But let's be real, sometimes even with a decent income, saving feels like climbing Mount Everest in flip flops.

Why is it so hard? Because saving isn't just about numbers and spreadsheets, it's a mind game. And the truth is, our brains are wired to love spending. Instant gratification wins over future benefits every time. That's why good intentions often fizzle out halfway through the month.

Starting and sticking with saving money can feel like planting a seed and waiting for a fruit tree – slow, demanding, and sometimes frustrating. We battle the immediate allure of that fancy coffee or spontaneous purchase, while the future benefits of fattening our savings account seem distant and abstract. Just like forming any new habit, the initial enthusiasm can wane, temptations lurk around every corner, and progress can feel painfully slow.

In this video, we'll discuss five psychological strategies you can use to save more money. These strategies are based on how our brains make decisions about money, and they can help you overcome some of the common obstacles that keep us from saving.

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00:00 Why You Need a Strategy
01:17 Strategy No. 1
03:25 Strategy No. 2
04:30 Strategy No. 3
06:21 Strategy No. 4
07:39 Strategy No. 5


© Pishukkan Episode 124

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