9 Psychological Ways to Save Money
Stop spending money to impress people, by picking up the tab to impress others, or yourself. Plan on when you’re going to pick up the tab before you even go out, then ask yourself why you’re doing it.
Start investing in the things that you value long-term, such as retirement, kids’ college, a trip to Fiji with you wife
Agree to make time with your spouse to have a “Money Talk” every month, say on Sunday morning, and talk about not only money logistics, but fears, concerns and stressors associated with money or work.
Carry cash: this way, you’ll see your money going out of your hands steadily, and not be divorced from the process of spending money by using a debit or credit card. You’ll have a greater appreciation for the money that you’re making, and parting with.
Break the deficiency mentality: This is harder, because a lot of our messages around money we’ve inherited from our parents. If you live in the deficiency mentality, you’ll always feel impoverished and feel like you’re living paycheck to paycheck. Seek out help, such as counseling, to bust up those difficult messages from your family of origin.
Before buying a new car or house, ask yourself, “Could I be happier with something less? how will this purchase bring me increase happiness?” Maybe the difference between buying a $35,000 new car, and a $20,000 previously owned car isn’t really all that different. It’s possible that you could be happy with the $20,000 car, and sack away $15,000 into a retirement savings account and achieve a different sense of happiness–one that promotes your long-term well-being.
Minimize indulgences: a lot of the time we indulge in things that we don’t really need, simply because we can or we think we should treat ourselves or indulge ourselves. If we train ourselves to buy ourselves things to make ourselves feel good, and don’t really need their own those things, we set ourselves up for trouble. When were feeling blue, or scared, or happy, we then seek out the thrill of buying something new, which only works for a limited time.
Remember that people don’t like you or hang out with you for your money, even if you think so. and if they do, it’s probably time to reconsider your friendships. You may be allotting a lot of money towards a lifestyle that is designed more for impression, and less for your own personal satisfaction. Is this you? If so, it may be time to start reconsidering how you’re spending your money, and if the lifestyle you’re living is truly aligned with your own values, or designed to impress others.
If she loves you, she’s not always can need to spend money on her. If she’s the right one for you, you will need to bust your ass to buy her things and shower her with gifts. There are plenty of ways that you can show her love, caring and affection that aren’t about gifts, meals, trips or shopping. In fact, most women want you to be able to be emotionally giving, which usually doesn’t require spending money. Guys mix this up all the time. They try to show their carrying affection for women with material things or doing things for them. Save yourself a little the cash and start to tune into what she really wants from you. If you’re interested in learning more about the Men’s counseling , or if counseling might be right for you, please feel free to contact me directly or visit our Men’s counseling page for detail.
