Use the Rubber Band Method to Build Better Habits Every Day
Reminders are needed to build better habits. You need something to help you keep new habits in focus until they take hold in your brain. Even a simple rubber band can help.
Personal finance site The Debt Myth describes how to use the rubber band to develop new daily habits. The idea is simple: Wear a rubber band around one wrist every day. Always start with the same wrist. After you’ve successfully dealt with your daily habit, move the rubber band to the opposite wrist. It gives you a constant reminder of where you are with your new habit every day. The debt myth describes this trick in the context of debt repayment:
The key is to move this group every day to form a habit and constantly progress. (Even if you did a few money-related tasks the day before.) The rubber band serves as a daily reminder of your biggest goal, and by moving it, you are essentially rewarding yourself for taking a daily step in the right direction.
However, this trick may work for more than just paying off debt. You can use it to exercise, improve nutrition, learn a new skill, or any other daily habit you want to develop. The best tricks are often the simplest. If you have an elastic band, you can remind yourself of your habits on a daily basis.
How This Ridiculously Simple Technique Can Help You Get Out of Debt | The Debt Myth via Rockstar Finance