How to Stay Motivated to Reach Your Savings Goals

Saving can seem like an almost impossible task sometimes, and it can feel as though your goals never quite get close enough to be achieved.  However with a positive attitude, consistent saving habits and a few helpful hints, you can definitely experience the success and reward of reaching your targets.  Here are a few simple ways to ensure that you stay motivated and reach those elusive savings goals.

Start with a Solid Foundation

There are a few important things to consider before you start working towards your savings goals.  The first is to ensure that your financial standing is as strong as possible.  This includes understanding how much you earn, and comparing it to your expenses, bills and repayments.  If you have any debt, it’s a good idea to work on eliminating it before you begin the path to serious savings.

Speaking to professionals such as the team at Fox Symes debt solutions will give you a range of options to get your debt under control.  From debt consolidation advice to budgeting assistance, a professional agency can give you the stability you need to build your finances into a great foundation for savings.

Create a Great Budget

With your finances under control, you can now work on creating a budget which will make it easy for you to save.  Be strict, but make sure you give yourself a weekly allowance to use on non-essential items.  Saving is a little bit like dieting, if you constantly deprive yourself you are more likely to go on a ‘binge’ and undo all of your previous hard work.  Keep to your budget as closely as possible, and remember to keep it up to date with any changes to your personal financial circumstances.

Use Visual Inspiration

To use the dieting metaphor once again, some of the best results can be achieved when you have a constant visual reminder of what you’re working towards.  Print out a picture of what you’re saving for, whether it’s a house, car, holiday or other item.  Keep a small copy in the photo window of your wallet or purse, so you are constantly reminded to keep your spending to a minimum.  It helps to have some visual motivation in the house as well, to keep you inspired and on track to achieving your goals.

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“Talk about visual inspiration”amelie depois by brutapesquisa, on Flickr.  This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.

Organize Small Rewards

It’s a good idea to reward yourself for consistent savings.  This doesn’t mean you suddenly get to go on a spending spree, instead think of small things that aren’t expensive yet make you feel like you’ve had a real treat.  Organize a relaxed beach BBQ with friends, cook a decadent home meal with gourmet ingredients you wouldn’t normally splurge on or anything else that will make you feel rewarded for your hard work.

With these simple tips, you can make sure the odds are all in your favor to reach your savings goals.  The most important thing is not to give up; with a little hard work and determination you will be free to enjoy everything that you have been aiming for.  Saving isn’t easy, but the feeling of satisfaction when you finally reach your goal is well worth all of the effort you have put in.

Jesse Fin

Jesse worked as a journalist for a large tv station in Korea in her past life. She now works full time at home as a blogger and loves to help her friends manage their personal budgets.

Click Here to Leave a Comment Below 9 comments
Brick By Brick Investing | Marvin - May 1, 2013

I am definitely guilty of lacking motivation sometimes. I have used the method you talk about, keeping a picture for motivation that reminds me of why I created my goal in the first place.

    Arnel Ariate - May 1, 2013

    Hi, Marvin. Would you be kind enough to share with us your picture for motivation? 🙂

Brick By Brick Investing | Marvin - May 2, 2013

It’s a picture of a house in Charlotte, North Carolina =) It’s our dream house.

    Arnel Ariate - May 8, 2013


Amy Turner - May 9, 2013

I needed this! The year started right with my goal to reach certain amount of savings for different categories (gifts for birthdays, Christmas and other occasions, emergencies, retirement, investment and others) well off the ground. But something happened and I got off the track. Now I need to be motivated again and you have jolted me to resume conscious setting aside of money for varied reasons. Thanks!

    Arnel Ariate - May 12, 2013

    Hi, Amy. I’m happy I got you going in the right track again. Life is full surprises, I had the same experience as you. It’s really important to be prepared with your emergency fund. I like that you have categories in your savings, I think that’s neat. 🙂

Derek @ - July 12, 2013

I say document your long term dreams first. Then develop goals that match up with your dreams.

There is no sense in developing a goal to save money just for the sake of it. What are you planning to do with the money once you get it (retire early, travel the world, etc. etc.)

Most people fail to save because they set goals that aren’t linked to any dreams they’ve developed.

    Arnel Ariate - July 12, 2013

    That’s a good point, Derek. It’s important that you know where you’re going. Break your overall, bigger dream into smaller dreams that help you get to your bigger dream. To me, it all comes down to motivation. Welcome to Money Soldiers, Derek. You have a great website in Money Ahoy, I like it. 🙂

Staying Motivated to Save | - October 3, 2013

[…] this might sound like a strange tip for saving, but sometimes a little reward can go a long way. This does not mean buy on impulse, it simply means setting smaller goals. Once […]


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