I had a statistics professor in college who brought out the state lottery in class. “I don’t even mess with it until it’s over ten million.” Let’s remove some of the zeros from that. . . . What if you found ten dollars—what would you do with the money? What if fifty dollars was automatically deposited into your bank account every month? What would you do with that money?
What motivates you to save money? Is it fear of being without? Or, is it your dreams of “one day” and “what if”? Do these aspects of motivation help you set goals, or pass through you thoughts until the next time.
Find out what motivates you. Fear or Desire. Decide to take a stand. If it’s fear and you’re not saving, then some may say you’re fooling yourself. If your fear is not having enough, begin by putting aside money every single paycheck. You say you don’t have enough to do that. Do it anyway. Put aside even one dollar every paycheck. Do not label it “rainy day”; label it “savings”. You may scoff that one dollar isn’t enough. Hmmm… Funny. A second ago you didn’t have “enough” to save anything. You’ve got to prove to yourself there IS enough. Change your thinking, and change your life. Yes, even one dollar at a time.
If it’s desire and you take no action, you’ll never draw it to you. Sure, you may be gifted a car, or marry someone in “that” neighborhood, but that only goes so far. If you take action (and action begets action) you’ll change your consciousness, and by doing so, you’ll prove to yourself you don’t need someone else to save you —which opens the door for that good to come without strings, and enables you to share your good with others, too.
The on-line bank ING Direct (now Capitol One) allows customers to set up several savings accounts, and customers can name them. (Car, Travel, Financial Freedom, Life…) Happy saving!