Is It Easier to Spend Less or Save More?
What do you think, is it easier to spend less or to save more? While those are really just two sides of the same coin, one may actually be easier to do than the other. It’s a matter of focus.
Focus on spending less, and you’ll likely end up spending your time thinking about all the stuff you can’t do because you are cutting back. It’s like being told not to picture an elephant: you immediately picture an elephant. You suddenly find plenty of different things that you need or want to buy or do.
It’s hard to say “No, I can’t, I’m spending less right now.” when you really want to be doing all those other things instead. When you’re focused on what you aren’t able to do, your energy is aimed in the wrong place. That’s why it’s hard to be successful if you’ve got a generic goal like “we need to spend less”.
But focus on saving more instead — especially if you’re setting aside money for a particular purpose that’s important to you — and it becomes a whole lot easier. That’s because you’re focused on what you can do instead of what you’re missing out on.
For example, it’s much easier to decide you’re going to eat at home instead of spending the money to go out for dinner if you know that you’re putting the money you would have spent toward something you want even more than a meal out.
Set an amazing goal for your money — something that you really, really want to achieve — and you’ll be working toward something that really matters. You can mark off your progress as you get closer and closer to that goal. And each time you save a little bit more, you’ll feel successful instead of deprived, which will help keep you motivated.
It really is easier to save more.