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8 Steps to Save Money


Part 6: Implement a "Game" Mentality

Challenge yourself to succeed

Now that you have a goal to strive for, a list of variable bills to lower, and an understanding as to why it's important to compare cost, risks, and benefits before making a purchase, you're now ready to CHALLENGE yourself to succeed.

Are you wondering how you are supposed to CHALLENGE yourself?

Take for example a track runner/sprinter who is able to run the 100m sprint in 10.6 seconds. What do you think this runner will do next? He/She will CHALLENGE themselves to beat that 10.6 time the next sprint.

Point is, this runner is constantly pushing him or herself to do better. The CHALLENGE is to strive for a faster time each and every time they run the 100m sprint.

Same thing applies to your money saving efforts. You will want to CHALLENGE yourself to beat the amount you can save each and every month.

When you CHALLENGE yourself to save as much as possible, you inspire yourself to succeed. Since you are faced with this "CHALLENGE" you'll start thinking "Hey, if I was able to save $75 this month, there's no reason why I couldn't save $85 next month."

For example, if you were able to save $84 in October, your goal for November is to beat that amount. In other words, save more than $84 in the month of November.

Name Your Game
Once you are ready to challenge yourself, try and think of this whole process as one big, giant GAME. You can name this GAME whatever you want, but try and incorporate your GOAL into the name of this budgeting GAME.

For example -
"Hawaii, Here We Come"
"Chevy Silverado Savings"
"Our Family Trip To Vegas"

As with any game, the object is to have fun and win.

Thinking of these money saving exercises as a game will both inspire you and help you take your mind off the whole saving process. More importantly, this game can help you get your whole family involved without having to beg and plead with them to help. Remember, children L - O - V - E games!

Make a colorful chart or illustrated graph on which you can track your savings total. You can then post it in a location where your family can look and see their progress whenever they want.

GET CREATIVE and HAVE FUN with your money saving goals. The more pleasant and enjoyable you make this project for you and your family, the more likely you'll be to follow through with your plan and ACTUALLY be successful.

Conclusion
Implementing a "game" mentality will not only help alleviate any stress or fear you may have regarding this whole process, but it will make saving money much more enjoyable to do. Who doesn't like to play games?

Not only will a game make your agenda much more appealing, but it will kickstart your competitive spirit and CHALLENGE you to do your best.

Next in this eight part series - Part 7: The Three R's - Review, Revise, Retry
Click here to access Part 7 of 8

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Financial News

Prudential Financial, Inc. Launches New Online Newsroom at News.Prudential.com

Redesigned web page delivers news quicker and engages in two-way dialogue with journalists, social media and general public. (PRWeb May 5, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb916924.htm

Americas Watchdog Calls U.S. Treasury Secretary Paulson a Self Serving Liar Regarding His Comments About the U.S. Credit Crunch Being Over

Americas Watchdog & its National Mortgage Complaint Center are terming Treasury Secretary Paulson's May 7, 2008 comments about the US credit crisis being over as "a bald faced lie." According to the group, "The credit crisis is about to get much worse". Paulson said, "I think we're closer to the end of this than the beginning." According to Americas Watchdog's National Mortgage Complaint Center, "Currently 1 in 7 US homeowners owes more on their home than it is worth. By June of 2009, we expect the number of US homeowners owing more on their home than it is worth will be 1 out of 4. We also have something called a $320 billion auction rate securities scandal, with no signs of the US government to help the defrauded investors. How is that the end of the beginning? Why not start being honest with the American public about reality?" (PRWeb May 8, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb915424.htm

Unity National Bank Announces New President

John Scroggins has been named President and Board member of Unity National Bank. Unity National Bank is the only African American majority owned bank in Texas and is dedicated to building life long relationships within the diverse communities that they serve. They have been certified by the City of Houston as a Minority Business Enterprise. (PRWeb May 7, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb918014.htm

Americas Watchdog Calls Auction Rate Securities The Worst Con Job In US History & They Want To Hear From Every Victim

Americas Watchdog and its National ARPS's & ARS's Complaint Center are demanding that Wall Street & US banks clean up the auction rate preferred shares & auction rate shares scandal immediately. Americas Watchdog has indicated that the auction rate preferred shares or auction rate shares scandal is the worst single case of fraud in US history. Victims of the ARPS or or ARS scandal are encouraged to call Americas Watchdog at 866-714-6466. Their web site is located at Http://ARSWatchdog.Com (PRWeb May 5, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb915184.htm

Luxian Scottsdale and Sanctuary Resort Team Up

Luxian Scottsdale, a premier equity resort ownership (ERO) property under development along the prestigious Camelback Corridor in Scottsdale, has announced plans to partner with the Sanctuary Resort & Spa in Paradise Valley in an agreement which will provide owners at Luxian Scottsdale membership privileges at the exclusive resort nestled in the shadow of Camelback Mountain. (PRWeb May 9, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb929684.htm

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Updated: January 2008
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