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7 Psychological Money Saving Tricks - How to Save More Money Each Month!

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Learning how to save money can be hard if you weren’t taught any great habits when you were younger. Spending money is a major factor that is affected by how our mind works, and knowing the psychology tricks behind this puts you a step ahead in the money saving game. I’m going to give you 7 psychological tricks you can apply in your life to save more money each month. When you go out to eat somewhere, or buy groceries, or just to buy things, try to use cold hard cash instead of a debit card or check. When using cash, you have an emotional attachment to the physical material paper. I also recommend setting up a savings account and having at least 5% of your earnings go directly to that account. “If you can’t measure it, you can’t manage it” was said by the famous Peter Drucker, and it’s true. I started a monthly balance sheet around 6 months ago and it’s amazing to see where your money goes once you start managing it. Creating a budget and sticking to it can be difficult as first, but as you practice and stay persistent, that bank account will continue to grow each month. Check out my Passive Income Tutorial: https://www.youtube.com/watch?v=efkEvMVNY6A If you’re saving money because you want to buy something, you the best advice I can give you is to focus more on how you can increase your income. Simply focusing on how you can make more money will help dramatically more than focusing on reducing your expenses. The Software I use: http://cli.re/LMYjyL Insta: https://www.instagram.com/practical_psych/ Twitter: https://twitter.com/practical_psych Facebook: https://www.facebook.com/practicalpsych Check out MY Passive Income Ebook: http://bit.ly/PsychologyIncome
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Text Comments (756)
JCoda (1 month ago)
Now im rich
willie stack (1 month ago)
These are so simple tips yet very effective when tried. Thanks for sharing
RD (1 month ago)
I get $480 from SSI monthly and I already have $130 left...I need figure out how to spend my money wisely. Write everything out that I buy and what I need. I'm stressed for the rest of the month.
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do_you_even_liftbro ? (1 month ago)
Very good
ranie fesico (1 month ago)
That's not a balance sheet. It's an income statement.
Andy K (1 month ago)
Cash is bad for me, once I break a 50 I just spend whatever is left
Enrico Stimpson (1 month ago)
I think I comment on this before I'm not sure. I'm having a problem with saving in my bank account everytime I get paid and I want to change this.
Jennifer Moore (1 month ago)
Duh!! That was 5 minutes of my life wasted while watching a video that states the obvious :-/
Kramsey R (2 months ago)
I 100% always spend more money in cash than I do if it's on the card. The reason is because a card can always get unexpectedly declined. When you have the cash it's pretty much a done deal.
GallonsTV (2 months ago)
don't bring cash thats dumb, create some passive income by getting a credit card with 1.5% cashback, don't run a balance on the credit card
Ron Carlos Galicio (2 months ago)
Well I found free $6514a money making system that is really working for me>>>getpplcash.win/?lXYm0B Woow amazing....thanks.
Wesley Groth (3 months ago)
How Dare you bring up Donald Trump. Awsome.
Kaiser Zephan (3 months ago)
Step 1: Cardio
Kaiser Zephan (3 months ago)
How do i save 7 tips ?
ماریا شایسته (3 months ago)
همه اش دروغه دروغ من باورنمیکنم
Shaf Serious (3 months ago)
altoona inspired (4 months ago)
what animation software are you using to make these videos, its really amazing!
Tank The Pitbull (4 months ago)
Just stay single guys you will be rich in no time trust me, women are like cars they are just big money pits 😂
Saul Garcia (4 months ago)
I never saved anything I’ve been working for 8yrs fuck
Mary o (4 months ago)
great advice! This is how I think when I see clothes i want buy. I think I gotta have it,but how many hours or days do I have to work for that outfit plus I have a ton of clothes anyway. Thanks!
Gedyon Abayneh (5 months ago)
Muusic (5 months ago)
I'm 18 working full time and I just dropped 1k on a youth empowerment spirituality camp. So that's pretty exciting
Harocopos Nick (5 months ago)
Check it out on EBAY ! Monthly-Yearly Home and Family Budget Excel sheet (Item ID 142824778775)
Deepak Nithin (5 months ago)
Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. This step-by-step guide to money-saving habits can help you develop a realistic savings plan. - https://youtu.be/DyWx0Jj0-WI
Ben V (5 months ago)
Thank you so much for sharing this. This was a great video!! Nice to hear new tips. You rock!!
Talitha Fetty (5 months ago)
I did your share google+ button but I do not have any friends on google plus, if you care about that information. Maybe it will do something anyway. Good luck with that thanks for the great video!
Stay True Warriors (5 months ago)
Such a good point about paying with cash vs a CC/DC. Love the balance sheet idea, it's like writing down everything you eat to see how many calories you consumed. Great video!!
Jimmy Hopkins (5 months ago)
I just wanna buy a ps4
robert hingston (5 months ago)
I really fancied some chocolate but I waited 30 minuets and it wore off..
Life As Kair Knows It! (6 months ago)
Get cash back at stores you shop at on a regular basis. Now until 6/12 get $10 for everyone you refer. https://link.dosh.cash/CFMjtqBYwN
Kayla (6 months ago)
I love using things that will help me save some money, especially money that I'm already spending. Try this link below, I purchased from sephora when I didnt have a 'promo' code and thought this was just as good! Got $10 back just for trying it :) When I made a purchase of $25+. https://go.ebat.es/Hyd0k6l0bN Get cash back for shopping on Ebates! Sign up with my invite link for a $10 bonus when you shop at over 2,000 stores like eBay, Macy's & Walmart.
George Obi (6 months ago)
1st tip is stupid bullshit, the emotion comes when seeing the receipt, aslo never wise to walk around with a pocket full of money. Unless you live in Jewtown or something.
Sammy PodCasts (6 months ago)
Thank you. I save alot by not putting all my money into my accounts.
Alex Gonzalez (6 months ago)
Update on Money tips bro 💯
Diana Joy De Leon (6 months ago)
Tips and Tricks Get Out of Debt https://youcanpayoffdebt.blogspot.com/2018/05/get-out-of-debt.html
Gurumoorthy Ganesan (6 months ago)
Shameless Self Promotion :D lolz..
Box Addict (6 months ago)
Don't date women done
Undiluted (6 months ago)
Thank you for this video! Really helpful. Another helpful video on this can be found on the Youtube Channel 'IMFL'
Sangoju sandeep (6 months ago)
If you can't measure it you can't manage it Automatic deductions for saving Good one's
Sangoju sandeep (6 months ago)
I like 6. Price into income 7. Better to increase income than to reduce expenses
Lucias Potter (6 months ago)
*Avoid Advertisement
sanik squad (7 months ago)
when you switch to Geico 15 minutes could save you 15% or more on car insurance
classicstorm (7 months ago)
Number one is good...and to add on to that try and bring cash as well when you go on trips so you know thats the money you are supposed to spend and how much you want to bring back as well...I just recently did that and only spent less than half of what I bought with me...
Savannah BrownSkin (7 months ago)
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Block Chain (7 months ago)
This guy sound like leafy is here
Julian Flores (7 months ago)
First tip: how to get robbed in Chicago
Edin Kuduzovic (7 months ago)
Shoot the stupid motherfuckers in the face and watch how we boil things down.
Aiden (7 months ago)
You've come a long way from 30k subs congrats
Fluffy Bunny (7 months ago)
Auto deduction can be set up with your bank too.
Taga Way (7 months ago)
I'm the opposite. Using my debit card makes me no want to spend. My weakness is the 1$ 5$ 10$ 20$ bills.... I see then as just a little bit of money, so I spend a lot.
Dawn Marie Roper (8 months ago)
Good video. Very valuable advice. Thank you.
Cheyenne Michelle-Rena (8 months ago)
Good video, but at 2:30 , it's an income statement not balance sheet the way u set it up.
RockyJoe Gaming (8 months ago)
Convert the cost to hours worked, that's a good one that I may use.
Lori Owens (8 months ago)
Get divorced then your going to be broke!
Very good advice
Kevin Umali (8 months ago)
I was thought cut on coffee to save but i still lived paycheck to paycheck, up until i have found this blog post. The number 5 have made me to save money fast -> https://www.facebook.com/fullestacademy/posts/944303835719225
acajudi100 (8 months ago)
Counterfeit, and drug contaminated money out there. bills are paid
Roga atnine (8 months ago)
Oh yeah btw the walter white pic is abit misleading. I thought i was going to learn how to cook/sell meth
Roga atnine (8 months ago)
$100 a month into a savings account? I wish. after i pay rent i can afford some noodles to keep me alive until next pay
Alucard . D .hellsing (8 months ago)
Bonus tip Become a miser
Reynalyn Mae Bumanglag (8 months ago)
Technically, that's not a balance sheet, that's an income statement. But great video 💪
manoj (8 months ago)
Try this you will definitely feel awesome http://geekhubb.com/how-to-save-money-in-online-shopping/
Tony Rigo (8 months ago)
CASH $$$
Tony Rigo (8 months ago)
Cash work f plastic
Steven Ta (8 months ago)
Make no sense I never carry cash doesn’t mean I keep using my card when I do use I save some % from card
Astare Star (8 months ago)
واالله تمام پول ما را صرف وکیل و پروند سازیها و گرفتن کار مون کردند تا فهمیدیم میشه یکی معهون استاندار باشه برادر شهید باشه و هیئتی هم باشه و خانواده دهر هم باشه اما جد و ابادشو گاو گاییده باشه که یادش نیاد برای چی و چگونه پول و زندگی که هیچ سلامتی و عمر مونم گرفت تا از ما دختر لوزیش قصه فرهاد و مجنون و دراویش گنا بادی و سوپر من و بت من بسازه 🤣🤣🤣😋
Luke Smart (8 months ago)
saving money is more about psychology rather than math. All big marketing experts know it and are trying to use it to make us spending money, http://howtohavemoremoney.co.uk/
Jay Tru (8 months ago)
mr. white? wtf?
JORGE Hernandez (9 months ago)
I smoke weed and I cant save bcs I like to smoke alot
How to invest your savings in the proper way-an expert guide. http://techbizinfo.com/how-to-invest-your-savings-in-the-proper-way/
Kramsey R (9 months ago)
I don't know if your 12 or 30, but your voice is adorable!
Tab Valentino (9 months ago)
Thanks to this video I became a millionaire overnight.
Pratyush Bindal (9 months ago)
put one video in ropeese
Joanna Ecal (9 months ago)
So this caught my attention the moment I saw Walter White Sr. 😂
Max Johnson (9 months ago)
I disliked because you told us to subscribe
Lynda Hernandez (9 months ago)
Awesome!!! Great video
Mohamed Ibu (10 months ago)
Good tips
BarbaricGamester (10 months ago)
Keep track of your savings, it's easy! https://play.google.com/store/apps/details?id=com.quickfix.savings
SkyTheDestroyer- (10 months ago)
Can’t save money when u have loans to pay :(
Brentz Bilias (10 months ago)
I can't listen to someone who talks about spending money on food like it's a gross disgusting habit
William Smith (10 months ago)
Isn’t tip 3 basically just balancing a checkbook but with more?
Erin (10 months ago)
BECU has a money manager on the app or website that helps you see what is spent.
Faares Sama (10 months ago)
Santiago Vieira (10 months ago)
these money saving tricks are amazing, but i found more in this page: renkarter amazing finance report, search it on google
Elias Kemanya (10 months ago)
phoebe oreneile archie (10 months ago)
Did he just say trump? Alryt I am out of here
Dennis Morrow (10 months ago)
I subbed plz sub to my channel more videos to come.
KMF (10 months ago)
Actually it's the opposite for me I tend to spend more with cash than I do with my debit card. I think that it has to do with the fact that with my debit card I keep track of every expense on my budget and with the cash I don't. So I need to change that.
Stratos Asa (10 months ago)
Great video!!
Rayen Styparhorlikson (10 months ago)
Will explained
lolitamisa77 (11 months ago)
I thumbs down the video becouse you said like the video during your video instead of at the end of the video
Austin Park (11 months ago)
I like this video. I've watched it twice now and my favorite part is how I learn something but I don't have to spend 7,8,10,15min or more to learn 7 things
Craig D'Andrea (11 months ago)
Great video but I don't agree with #7. Its WAY easier to decrease what your spending than getting a raise for instance.
Micah Tetzlaff (11 months ago)
Am i the only one that will break a hundred dollar bill, for some gas station candy?
Fernando Trujillo (11 months ago)
I love you bro!! I got you back homie
Anna Liza Agpalsa (11 months ago)
You're right 👍
Cuisine and Country (11 months ago)
This was so professionally put together. Art and audio is top draw (if you pardon the pun).In England, its so much easier to scrape some money together. See how they do it in England...https://www.youtube.com/watch?v=9IXLlhF06bc
peanutbutterisfu (11 months ago)
Here is a good tip. At my bank you can have multiple checking accounts. What I do is figure out what my bills cost every month then when I get paid every week I transfer x amount to a checking account for my monthly bills. Then transfer x amount to my savings account. The money left over is what I live off for the week ( gas,food ). If you want to really save money your best bet is to get out of debt other than your home. With no debt you can save a lot more money. IMO you should first pay the minimum on all bills and save a few grand for emergencies and put it in your savings account. You do not use that money for anything but an emergency. Then you pay the minimum on every debt other than the smallest, pay as much as you can on that.When you pay that smallest debt off move to the next smallest debt. If you use any of the emergency money you switch to minimum payment until your emergency fund is replenished then continue to pay as much as you can on your smallest debt. IMO you accomplish paying off debts by focusing on one at a time and avoid any un-necessary spending (restaurants,bars or anything you don’t need to survive). Once your debts are paid you can save a ton of money and life is just a lot easier. No one should own more than one credit card and you really shouldn’t use it unless it’s an absolute emergency.
kristeen (11 months ago)
Tips for gamers: 1. Don’t buy games day one wait a month or 2 2. If you can wait till Christmas or Black Friday online sales 3. If you don’t care for console exclusives buy a pc 4. Don’t buy games you don’t have time to finish 5. Don’t buy random games that you only have slight interest in 6. Limit the amount you buy to about 3-5 “must haves” a year 7. Don’t preorder 8. Look at a variety of reviews before buying 9. Find a comparison price site for games or look at multiple sites for the cheapest option 10. Stop paying retail the price will always eventually drop 11. If low on money play retro games as their cheap or use emulators for free on pc, boom thousands of free games

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