Tricking myself to save more.
Things required:
- A friend from you can borrow money.
I have this bad habit of spending too much money on buying die cast models and rc cars. Many times, I convince myself that its the last time but the last time keeps on coming. This happens when i have money in my account.
This is what i do now. I am currently building money for emergency and keeping it in fd. So i borrow money from my friend lets say Rs 40k and start an fd. For me, whenever i have borrowed, i have this unease feeling and feels like i have to settle asap.
So when the next month salary comes, i settle it on the spot. This gives me a sense of accomplishment and wont be having much money after settling this and i wont spending unnecessarily.
This is working very beautifully for me as i feel unease whenever i do have borrowed money from someone.
Bro. You can just set up a recurring FD and it will auto deduct.
Yes RD is also a great option. But in this case, personally it feels great when a lum sum of money is invested/stored + the commitment to pay back the next month. I dont take any loans and thus dont have an emi. So this is more like I am having an emi. Its all psychological but it is working great for me
Kudos to this friend of your ðŸ«
Great
