Saving can, from time to time, become a grind. All work and no play is no fun, I get it. If you are tired of saving money, you might be tempted to deviate from your plan. It is therefore time to get motivated all over again. I can help. Here are some things you can do.
1. Treat Yourself
This is the easiest way to get re-motivated. Treat yourself, but nothing too crazy. A nice dinner out, a new video game or maybe a new pair of shoes. Whatever makes you happy. It is amazing how something little can completely reset you.
Just be careful to not get carried away. It is oh too easy to get out of saving mode completely and this could be disastrous. If you spend too much on an extravagant gift for yourself you might think that all is lost and that can leave to more spending, so keep it simple.
2. Picture Achieving Your Goals
You are saving for a reason, probably an early or at least an enjoyable retirement. Picture yourself a few years down the line being able to quit your job and start enjoying life. You will be able to travel and spend money as you like without stress or feelings of guilt.
Keep that image of yourself living a great life in retirement in the back of your head. Whenever you feel yourself slipping or losing focus, take a look at it.
3. Look At Where You Were
Still need some motivation? Open up your bank accounts and take a look at where you were and where you are now. Look at your account balances when you started and look at them now. If you have been saving diligently, it should be quite the difference. Calculate how much extra money that you have now so that you have a tangible result that you can be proud of.
4. Set Milestones
Don’t let your only goal be retirement. It is a long journey and if you do not have any victories along the way, it can get quite boring. Set goals to reach 10,000 dollars, 50,000 dollars, 100,000 dollars, etc.
You can even give yourself little rewards when you reach those milestones.
If you make reaching 500,000 dollars in savings your only goal, it can be intimidating. Sure, you can get there but celebrate the smaller and more achievable goals first.
5. Make New Goals
If your goals are seeming unattainable maybe now is the time to re-evaluate them. You can have tough goals but they must be attainable. An impossible goal is hard to be motivated for.
There in nothing wrong with admitting that you can not reach an impossible goal. You have to stay grounded in reality to be successful.
6. Use Charts
Looking at numbers all of the time is boring. Show your results in the form of pie charts or graphs. If you are a visual person and not a numbers type this could do the trick. Keep your chart on the home screen of your computer or print it out and put it on the fridge. This will give you a daily reminder of what you are saving for.
Whenever you make a deposit to your savings or investment account, update the chart and compare them. These are results that you can see clearly and that will help with your motivation. A 200 dollar deposit might not look like much on paper but it will look good on a chart.
7. Talk To Someone
A fellow saver can help talk you through a temporary crisis. Find a friend who has the same saving goals as you do and talk it out. Saving can often make you feel isolated because you often have to do without spending while watching others enjoy themselves. Having someone in the same boat as you can be very helpful.
Don’t have someone close by to talk to? Join a forum. There are dozens of budgeting and finance forums that you can join. Many are vibrant communities of like minded folk who will be quick to offer support.