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Do You Want to
Save More Money?

How to Successfully Begin the Process

By Gregory Thomas

Pages:  1  2  3  

Which Goal Is Right for You?

The goal you select does not need to be above a certain price or take you 20 years to acquire. However, it should be something that you really want. For instance, if you have always wanted to vacation in Hawaii but never had the "spare" money to accommodate this excursion, then this may be a goal to set for yourself.

If you have your mind set on a new entertainment center for your living room such as a 60-inch flat-panel, wall-mountable, digitally enhanced television complete with a superior, top-of-the-line audio system, then this may be the money-saving goal for you.

In addition to these types of goals, you may want to bypass the "short-term" rewards and strive toward a long-term goal such as securing retirement, a vacation home or building a six-digit savings account. Again, this decision is entirely up to you; however, keep in mind that it may be a good idea to first start off with a short-term goal in order to get rewarded from your efforts in a relatively short amount of time. Then afterward, once you are more accustomed to this money-saving process, you can move on to a long-term, more elaborate goal.

Staying Motivated

As soon as you decide on a specific goal to strive toward, put a picture of it up on the wall in your room or in a highly visible area so you will be constantly reminded of your reason for saving money. The visual stimulation alone will help keep you inspired to succeed and hopefully prevent you from giving up on this important endeavor.


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