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Thursday 22nd February 2024

Build a savers mindset to save more money

When it comes to saving money, it seems straightforward on what to do right?

Every month when you get paid, put money aside into a savings account – BAM, your savings will grow.

But we all know it is not actually as easy as that sometimes….

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Maybe we have a busy month, and we dip back in and take out money we saved and ruin our progress.

Or we get paid, and think “I have got a busy month, I will save whatever is leftover” And yet we never have any left at the end.

Or the goal we have feels so big and overwhelming, that we never even start saving in the first place because it feels un-achievable. 

Talking about saving it is one thing, but DOING it is another. 

So how do we actually save money and see progress?

The answer lies within you. It starts with your mindset.

  • You have to build a savers mindset
  • You have to believe you are someone capable of saving. 
  • You have to believe you are worthy of holding onto money
  • You have to set realistic yet exciting goals to work towards

Far too often we set these big (and sometimes scary) goals for ourselves; to save £30,000 for a house deposit; to save £20,000 and travel the world; to have enough saved to quit our jobs and set up a business. 

Yet deep down on a subconscious level we don’t believe we are worthy of having, or capable of saving that much money, leading us to self-sabotaging behaviours.

It becomes a never-ending cycle. New Year’s Eve rolls around and we set ourselves resolutions of “this year I WILL save more money” but are confused how another year has gone by where we’ve struggled to save… 

It is time to break the cycle!

I want you to imagine your future self, with your ideal career, dream home, and lifestyle – how would they handle their money? How would they approach saving money?

Once you are connected with this future version of yourself – the you that has achieved that big exciting life goal you want to reach – you will start to feel on how to act, and what you need to be saying and doing to get there. 

Embody this behavior of your future self. Become the person who IS a saver, who commits to their goals, who prioritises the feeling of delayed over instant gratification. 

Because the truth is, we can only achieve the big, exciting things we want in life, by practicing the delaying of our gratification and growing our savings over time and sometimes, that takes sacrifice. 

But if the sacrifice comes at a much greater return on your time investment, is that really a sacrifice?

So don’t let next year be another repeat of the years before. 

Change your mindset towards saving and watch them grow!

Photo by Sasun Bughdaryan on Unsplash

Laura Moore

Mouthy Blogger

Laura Ann Moore is a certified financial coach, financial wellbeing speaker,and host of the Mind Money Soul podcast, talking about finances in a fun, judgement-free way to help people feel good about money, get financially confident, and build wealth.

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