Discipline. That’s one word that isn’t too popular nowadays. How can it be? After all, we want our cake and eat it too, right? And we want our cake right now. The whole concept of putting things off and enjoying your reward in the future seems so, well, old-fashioned. Maybe it’s the Internet or maybe its just our convenience-driven lifestyles.
Regardless, the whole idea of working now to enjoy the fruits of our labor in the future seems so foreign. Anything that smacks of sacrifice is automatically viewed by most people with dismay and even outright ridicule. If you think this way, and you want to retire comfortably, you need to change how you think right now. You have to start learning how to find the discipline to put away money for a rainy day. In short, you need to learn how to develop the discipline you need to save effectively and efficiently for retirement.
An easier way to save would be to make a pre-authorized contribution to your savings account to automate your savings.
Follow these tips to help you find the discipline you need to meet your savings goals.
Focus on the pain
Most people are reactive. They only act when they have their backs against the wall. Very few people are proactive. These people act because they desire something. Most people act because of fear or because of impending pain. If you are a reactive person, don’t worry about it. You are a member of a large club. You just need to use your reactive nature in such a way as to produce benefits you need.
By focusing on the pain of growing old without savings or assets, you can scare yourself into putting away a little bit every single month. You just need a push. Give yourself that push to help you save what you need to save.
Focus on the gain
As mentioned above, a minority of individuals is driven more by the opportunity to gain something rather than the fear of losing something. If you fall in this category, focus on what you will be gaining by putting a little away every month. Think of the vacations you will take. Think of the peace of mind you’ll have. Think of the rest and quiet you will finally get as you travel wherever you want and do whatever you want. Think about the relief of not having a boss. Think about these to push you to save a little bit every single month.
Think of it as a game
Since most people play video games, you can look at the whole project of saving money for the future as a game. Set up levels and achievements along the way. Challenge yourself with timed challenges. Try to beat your time records. Do everything and anything you can to add a little video game element to your efforts at saving money. You’ll quickly notice that when you structure your savings activities this way, saving money will feel less like a chore and more like fun.