b&b30 Saving More Money in the New Year
The number two New Year’s resolution people make every year (after losing weight), is to save more money. So what stops us from saving?
In this show, we go over the common reasons people don’t save and the most effective ways to get around these reasons and change your savings habits, according to your money personality.
If you really want to commit to saving more money in the new year, this is the show for you!
Pam: Saving money isn’t just about the amount of dollars that you end up putting into your bank account. It’s about building a habit. Spending money is a habit. Getting into debt is a habit. Saving money is a habit
Pam: The ‘reason’ is “I don’t have enough to save,” and you have to pay yourself first at the end of the day. So, think about what you can comfortably put away a week. Is it $10? Is it $5? Is it $20 a week that you can just put away and not think about? And then the rest is yours. Start with something small, ‘cause the thing is, you buying something everyday is just as much of a habit as you saving money.
Pam: You always can find a certain amount of money to save, no matter how small.
Pam: If you don’t have a savings plan in place now, then when you make more money you’re just gonna spend more money.
Pam: Being conscious of where you’re spending your money is the key. Don’t judge where you spend your money. Don’t assume that you should be spending your money in one place or another.
Pam: This is us taking control back. This is us not giving in to the consumerism and the marketing and the convenience of what corporations have put in front of us. This is us taking control of our money and feeling empowered about our money. That’s what saving is. That’s what putting money towards what you care about is. Is you having control and being empowered.