HOW TO STAY MOTIVATED SAVINGS AMIDST HIGH COST OF LIVING?

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Dear readers, in these current times when the cost of almost everything is higher than before, saving continues to be important.

But at the same time, it can be easy to be demotivated or steer away from savings since any hard savings can be easily wiped out by a nice meal in a restaurant, not just on the food but the 10% Service Charge and 9% GST.

Hence, it is important to stay motivated putting aside some of our monies for savings, and here are 8 ways to stay motivated in savings:

1)Set a specific savings goal: Whether it's saving for a vacation, a new car, or a rainy day fund, having a clear goal in mind can help motivate you to save.

2)Create a budget: Determine how much you can realistically afford to save each month by creating a budget that outlines your income and expenses.

3)Automate your savings: Set up automated transfers from your checking account to your savings account so that you're consistently putting money away without even thinking about it.

4)Celebrate milestones: Each time you reach a savings milestone, reward yourself with a small treat or indulgence to keep yourself motivated.

5)Track your progress: Keep track of how much you've saved and regularly review your progress towards your goal to stay motivated. 

6) Surround yourself with motivation: Surround yourself with reminders of why you're saving, whether it's pictures of your dream vacation destination or quotes about financial independence. 

7)Visualize your goals: Picture what achieving your savings goal will look and feel like, and use that visualization to keep yourself motivated. 

8) Stay accountable: Share your savings goal with a friend or family member who can help hold you accountable and provide encouragement along the way.

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