3 Psychological tricks to help you save money

We have heard from people that with Covid lockdowns (and the lack of travel opportunities overseas) that they have more money in the bank.  Of course, we don’t want to have another lockdown.

A client shared the video below with us, and we thought it would be useful to share. It is only 5.47 minutes.

Although this is an American video, the concepts still work – the 3 psychological tricks are:

1.    Pre-commitment. (one app to help you with this is ‘stickk’)

2.    The Fresh Start Effect

3.    Manage small frequent purchases

This might be worth sharing with your family and friends if they liked the extra money they had in their bank accounts from the lockdowns, but aren’t sure how to keep the momentum going.