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Motivation tricks for big savings goals

August 19th, 2008 at 04:43 pm

Non-retirement ones, that is (for retirement there is a very strong motivation - taxes).

So I really want to save enough money for both of us to take 6 month - 1 year off work to study language abroad. But I end up spending the money on the "right now" fun stuff.
The sum I need to save is too intimidating.

So I have come up with a new trick - I broke down projected expenses into bills to try and save for future bills now.
Rent, utilities, airfare, visa fees, set-up expenses, books, weekend getaways, repatriation fund, etc...

So this month I "pay" few first bills for month 1 in China



food/drink $300
student loan payment $141
utilities (cable, internet, sell phone, electric) $60
Total fund now - $501

Next I should try to pay my first month future rent.

It is more comforting to start with smaller bills, but these add up as well.

2 Responses to “Motivation tricks for big savings goals”

  1. JB Says:
    1219166211

    Now this is an original idea. I've never heard of saving like this before... for actual expenditures. That's a great idea of a lot of different savings goals.

  2. sillyoleme Says:
    1219182037

    Creative... I like it!

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