Life Kit It's A Good Time To Save More. Here's How
Aug 19, 2020
Explore the clash between our urge for immediate gratification and the need for long-term financial security. Discover how automation can make saving money effortless and effective. Learn about the surprising power of visualizing your future self to inspire smart saving habits. Get practical tips on gradually increasing savings while managing debt, and find out how small changes can lead to significant financial health. Equip yourself with strategies to set and achieve your financial goals!
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Caveman Instincts
- Humans are hardwired to focus on the present, making saving difficult.
- This is due to our caveman instincts, prioritizing immediate gratification.
Automate Savings
- Automate your savings to avoid relying on willpower.
- Make saving automatic, like transferring money to a separate account regularly.
Start Small and Increase
- Start small, even with 2% of your paycheck, if money is tight.
- Gradually increase this percentage over time, aiming for 10-15% of your salary.
