This page was originally titled: “Spend Less Than You Earn.”
Although “spending less” and “saving more” require the EXACT SAME actions, they FEEL very different. One is liberating and draws positive feelings while the other is restrictive and causes discomfort.
Everyone wants to save more, but no one wants to spend less.
It’s funny how our brains work, but that’s the psychology of money.
In my experience within the banking, lending, and investment industries I have witnessed A LOT of people that made “good money,” but failed to save any of it. As their earnings increased, there was always something else that they could spend their money on. In an effort to return to the basics, let me reinforce how simple it is to succeed financially.
The basic steps are:
- Earn money.
- Spend less than you earn.
- Invest the difference.
If you feel that you’re not earning enough money, then check out my page devoted to earning more. But, if your income is sufficient but you do not know where your money disappears to each month, then you’re in the right place. This page will help you save more money.
My goal is to compile the best resources to help you:
- Track your spending.
- Create an enjoyable and achievable budget.
- Identify areas where you can save more money.
- Prevent lifestyle inflation.
- Understand why you do what you do (the psychology of money).
If you want to learn more, then check out these articles:
- You WILL NOT Save More Later
- 10 Ways to Save Money Without Changing your Habits or Behavior
- Are You a Sort-Of Good Saver?
- I’m More Interested in Your Personal Savings Rate than the Interest Rate on Your Personal Savings