January 12, 2014
Saving money becomes much easier once you can answer WHY. How is this?
Saving money becomes much easier once you can answer WHY. How is this?
If you know why you are doing something, naturally, you will be more successful at doing whatever it is that you are doing. That includes saving money. As a future educator, my professors stress the importance of letting our students not only know what to do to learn, but WHY it is important for them to learn whatever it is that they are learning. If they know how the information they are learning will help them be successful in their future, they will most likely be motivated to learn.
You stated the case beautifully, Katherine. Let’s recap.
Telling someone to save their money will probably get you nowhere unless you can help that person understand WHY they should save their money.
Maybe they want a better vehicle, a home, a retirement, a vacation, or maybe they just want to reduce the stress of living paycheck to paycheck with nothing in the bank.
Helping a person identify the WHY can go along ways toward helping them develop the habits that will make them consistent savers over long periods of time. Answer WHY and you are well on your way toward reaching for that elusive thing I call Financial Happine$$. Believe it!