While there are many people that understand the need for saving money for retirement even though you would probably have many other uses for that money, for some, it’s downright impossible for them to save—the impulse to use that money in the now is too strong.

But if the second type of person describes you, you may just have to play some tricks on yourself to help you save money. And it’s easier than it sounds!

Bronx Center for Rehabilitation and Nursing is sharing four mind tricks to help you keep saving that money.

  1. Temptation Bundling

This allows you to spend money on something you are looking to buy now—with one caveat. You must match the money you spend, dollar-for-dollar, into your retirement fund. Anything that you would consider a splurge must also come with a responsible move to go along with it.

  1. Save in Small Amounts

If you tell someone who isn’t saving anything that they must put $150 per month away for retirement, they may not be able to do so because it’s a big change. But if they were told they needed to save $5 per day, research shows that more were willing to do that. In addition, there are accounts that will roll up purchases to the next dollar and put the change into a separate savings account.

  1. Imagine Using the Money in the Future

If you’re saving for a large purchase like a condo or for vacations you may want to take, envision your future self doing those things. It can help justify the sacrifice you’re making in the present.

  1. Budget for Saving

If you have money withheld from your paycheck or drawn from your checking account every month, it will give you no choice but to work that money into your budget. In other words, that money won’t be available to spend if you don’t have access to it.


To learn more about Bronx Center for Rehabilitation and Nursing and all of the services they offer, visit http://bronx-center.facilities.centershealthcare.org.