Saving Tip#2: Set Goals

Before you save, figure out what you are saving it for.  When you save just for the sake of saving, you get easily disheartened and bored, and eventually stop altogether because you’re not motivated anymore.  No matter how trivial, small, or probably insignificant your goal is, write it down.  Put the amount, much better.  Itemize it or label the jars or envelopes, even accounts, you are saving it for.  It can be as big as retirement fund, college fund, home downpayments, or as small as ice cream for the weekend.  Do it until a habit forms.  Your goal is what will keep motivated.  So if you feel like spending over your budget, think about your goals first.