Building your savings may not be easy, especially on a tight budget. But it isn’t an out-of-this-world concept either. Professor Pig has researched the science of building good saving habits. Keep reading to learn how you can try the experiment for yourself!
Visualize Your Future
Most behaviors are hard-wired in our brains, like genetics or an old habit. But scientists are forward-looking people. Become the visionary of your financial future!
When looking ahead, consider a wide range of subjects, including eliminating debt, saving for a new home or car, or an advanced degree. Don’t forget smaller goals like vacations and electronic upgrades.
If you can visualize where you want to be in five, ten, or twenty years, you’ll be more likely to put yourself on the path to get there and avoid impulse purchases that don’t support your savings goals.
Adjust Your Calculations
Reward apps are the modern equivalent of collecting spare change in a bowl by your front door.
There are various options available, but the general idea is that you rack up reward dollars by shopping using the app or browser extension.
When you receive the cashback payment, send it directly to your SmartyPig account. You’ll be surprised how much these little bits add up and significantly impact your savings goals!
Grow Your Savings
Picture your individual savings accounts like little Petri dishes. You need to feed them with recurring, automatic deposits to see them grow.
Earmark a portion of each paycheck for your savings goals. Do the same for bonuses or other financial windfalls as well! Pretty soon, you’ll be able to observe your funds increasing, and you won’t need to use a microscope to view your savings accounts much longer!
With SmartyPig’s competitive interest rates, your funds will grow quickly, helping you reach your savings goals even faster!
See? Saving isn’t such a weird science, after all. There is a simple formula behind building good financial habits that everyone can try. So put on your white lab coat and get in the savings laboratory today!
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