Include Satisfaction in Your Budget to Save More
Saving money is when you spend less than you earn. However, in order to learn how to spend less, you need to be content with what you have. To save money, make satisfaction exercises part of your budget.
As the personal finance blog Money King points out, being content means being happy with what you have, not constantly wanting more. The next time you are planning your budget, take another look at what you want to spend your money on and ask yourself how much it is affecting your finances. Does it really make your life better, or is it just another pleasure that costs too much? Sometimes spending can pay off, but the practice of considering what really matters is a habit that can boost your savings more than any special budget plan:
We flirted with the idea of how nice it would be to have a few extra rooms in our house, a large courtyard and a car with seats in the third row (the same romantic conversations you have when you have children, right?).
The truth is, these things increase our budget, and honestly, we don’t even need these things. We just suffer from the fact that we are not content with what we have and fall into the trap of consumerism.
What you can be content with may depend on you, but it is important to learn how to contain the never-ending tendency to expand. Buying more and more items and increasing your expenses in line with your income doesn’t always make you feel better, but it always makes it harder to stay on budget.
Why Contentment Is The Most Important Financial Principle | Ning’s money