Four ways to stay motivated to save
If working towards your savings goal starts to feel like a chore, it might be time to mix things up. Here are four ways you can keep your motivation strong, and your savings growing.
Gamify it
If you’re motivated by winning (even if you’re competing against yourself) this one's for you!
Try a 30-day savings challenge, no-spend weeks, or challenge friends to see who can save the most on payday. The $100 envelope challenge is another popular one. There’s even free apps where you can track all the items you didn't buy and see how much those little impulse purchases actually cost you.
* Warning: these apps are addictive and you might start refusing to buy things just to add to your no-buy tracker.
Seeing is believing
There's something about seeing your progress that makes it real. Stick a chart on the fridge, create a vision board of that holiday you're saving for, or see a snapshot of your savings balance and expenses by checking out your Insights in the MyState banking app or internet banking.
Celebrate the small wins
Saving for a big goal can feel like a marathon, so don't wait until you cross the finish line to celebrate. Hit 25% of your target? That's a win. Saved your first $500? High-Five! Those small moments of recognition help to show you the real progress you’re making.
Ready, Set, Forget
Let's be honest - some days you'll feel motivated, other days you won't. That's why automating your savings is so helpful. Set up a recurring transfer on payday and your savings grow consistently, even when motivation is low.
