We are all aware of the fact that we need to save for our future. But, unfortunately, most of us still don’t do it. Or, if we do, we are a bit half-hearted about things. It is all too easy to be tempted by something we see in a shop or the idea of a weekend break for the family.
Often, we spend what little spare cash we have instead of saving some of it. This is understandable, but, it is a habit that can be broken without your having to change the way you live too drastically. You will see what I mean when you read on.
Start by opening a savings account
If you do not already have a savings account, now, is a good time to open one. A Wealthify ISA account is certainly one that is well worth considering. Everything you need to know is explained on their website.
Keeping your savings separate from the cash that you use to pay your everyday bills will make a huge difference to how fast you can build up a nice nest egg. If you try to do it any other way the chances are you will just end up spending most of it. For example, if you have your debit card with you and you see a lovely coat there is a good chance you will buy it. Whereas, if you have no cash left in your current account, the chances are you won’t. It will stay on the rack and the £100 you were going to spend will still be sitting in your savings account.
Save up some money in a visible way
Find ways to represent your saving progress in a visible way. For example, if you are saving up to go to Paris, do a drawing of the Eifel Tower and stick it on your fridge. As the savings you have allotted for that special holiday mount up, colour in a section of the tower. This may sound silly, but I promise you this kind of visual prompt will focus everyone’s attention and help you all to reach that particular savings goal.
Get into the habit of saving up for little treats
Even saving up for smaller things can help. For example, if you all love seafood but rarely go out for that type of meal, save up for that.
Perhaps by getting one of those coin jars that counts the money up as you push each coin through the slot. Let everyone put their spare change it. When you reach your target, burst it open and go and enjoy your special meal. If you do something like that half a dozen times a year, you will soon get the savings bug.
Of course, there are lots of other ways to encourage yourself and your family to begin to save. If you would like more, you will find some really good suggestions, here. All you need to do now is to choose one or two ideas that you like and get started.