When you have a financial goal, whether it is to become debt free or to save up for something, it can be really hard to stay motivated. I picked up with trick a few years ago and I absolutely love it. This simple trick has helped me to become debt free and to save money much more easily. It is the 1% at a time money saving challenge.
The trick is to divide your goal by 100 and try to get one percent at a time. For instance, if you wanted a new designer handbag that cost £500, divided by 100 you need £5 one hundred times. I am sure you can think of a few ways to either save or make £5.
If your entire debt or savings goal is too big, why not break it down and tackle one goal at a time using the 1% method? You can either transfer every 1% into a dedicated savings account until you have reached your goal, or make a payment every time you have 1% ready.
Once you have worked out what your 1% at a time amount is, you can start looking at ways to save 1% at a time, or earn an extra 1% at a time. You will be amazed at how easy it comes to you once you get yourself into that mindset.
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