Can savings small amounts of money like $1.00 or $5.00 have a big impact your ability to pay off debt and achieve your money goals? Yes, absolutely.
I’ll tell you how.
But first, let’s talk about the haters.
The world is filled with “haters”. People that love to criticize. People that love to tell others what they should be doing while doing nothing themselves.
When I tell people about Tip Yourself, the majority see the value immediately. The haters, on the other hand, will often dismiss tipping yourself small amounts of money as pointless. “How’s putting $2.00 in your Tip Jar going to make any impact. That’s silly”
These negative people will say, “what folks really need to do is make a budget, or save for retirement, reduce their monthly bills. Saving $2.00 is pointless.”
That’s wrong. Way wrong.
What the haters fail to understand is that saving small amounts of money regularly actually leads to those bigger actions like making a budget and reducing your monthly spending.
Yes, putting $2.00 in your Tip Jar today is not going to pay off your student loans, but it will have a big impact on your mindset, motivation and long-term habits. That’s the secret. That’s the impact.
Let me explain.
Here’s the two main reasons why saving small amounts of money has a big impact:
1. Change your Habits. Change your Life.
Studies have shown that up to 40% of the actions we take every day are the result of habits not conscious decisions*. These regular actions make up our daily routines. Long term these routine habits have a huge impact on us.
If you regularly buy a $5.00 morning latte and $10 lunch, that spending adds up fast. Each individual purchase may seem small but grouped together over a month or year, it’s big money.
Tip Yourself is a great tool for building new habits and shifting away from bad ones.
The act of rewarding yourself with a tip after you make a small positive decision will nudge your mindset away from your bad habits and help set you on a path to changing them.
The psychological benefits of being able to recognize a small positive decision such as bringing a lunch to work or skipping an impulse purchase at the mall is remarkable.
Changing habits takes time, but if you change your habits you’ll change your life in a massive way. Saving $2.00 each time to avoid a bad habit or complete a good habit will have a huge impact, an impact much bigger than the initial $2.00 you put in your Tip Jar.
2. Action and Progress fuels Motivation
Winning feels good right? Heck yeah it does!
A feeling of success is the fuel that keeps you motivated and focused on long-term goals. You’re not going to pay off your student loans or credit card debt overnight.
Being able to point to a win and celebrate it has an oversized impact on your overall motivation. When you see your Tip Jar balance tick up, it feels good. You can see the progress. You can see that you’re one step closer to your goal.
That feeling of success. That feeling of accomplishment and progress is the secret to achieving your goals.
Life has its ups and downs. Some weeks and months will be easier than others. The ability to easily Tip Yourself and recognize a win, even a small win, and see real progress will have a massive impact on your ability to stay focused and stay on track toward your goals.
Tip Yourself Today
So what do you think? Are you going to listen to the haters or get to work on your goals?
Ignore the voices of doubt and work to make progress toward your goals today. Recognize your bigs wins AND your small wins. Tip Yourself today! You earned it!