Today’s guest post is from Mike Lenz. He’s the co-founder of Tip Yourself. A mobile app for saving money.
Do you love saving money? No? Welcome to the club. Millions of people struggle to save money. It’s a huge source of pain, stress, and anxiety for many of us. Why? What separates folks that love to save money from those of us that struggle?
At it’s core, it’s based on our view of money and savings. It’s a mindset. It’s how we think about spending vs. saving. The good news is that we can shift our mindsets.
1. Stop waiting for “Enough” Money to Save
When trying to save money we often arbitrarily set minimum amounts for ourselves. We wait until we have an extra $50 or $100 at the end of the month. Why? We don’t wait to spend money. We make tons of impulse purchases all the time. So why do we wait to save?
Saving two dollars today means you have two dollars more saved that you did yesterday. It adds up quicker than you think. We’ve all read those articles that say skip this or that small purchase and boom you’ll have $500. Well, it’s true. You don’t wait when it comes to spending, so don’t wait to save.
2. Save as Reward not as a Sacrifice
Stop and consider how you feel about spending money. You most likely see it as a reward for yourself. On the other hand, saving can feel like depriving yourself. It’s a sacrifice. It’s easy to fall into the trap of viewing the money you saved as the shoes you didn’t buy.
What if you saved money just as easily as you spent it? What if you rewarded yourself by saving money? That’s the question that Tip Yourself asks. You’re generous with so many others. You tip bartenders, servers, and uber drivers… but what about yourself? Tip Yourself! You Earned it.
The secret is to connect saving money with positive moments. Shift your mindset from sacrifice to reward. Don’t save money by depriving yourself. Save money by rewarding yourself.
The Tip Yourself mobile app allows you to easily save small amounts. Heck you could tip yourself one dollar. The important part is connecting that savings with something positive you did to earn it. Push a button. Save Money.
When or why you tip yourself is part of the fun and it’s different for all of us. It could be getting your butt to the gym, skipping an impulse purchase, being productive, or maybe it’s just having a great day. It’s up to you. They’re your tips! You earned it!
So next time you do something for yourself, give yourself a well earned tip, even if it’s a small amount. It adds up quicker than you think and most importantly it builds a positive mindset.
Don’t deprive yourself… Tip Yourself.
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