‘The Power of Habit’ Author Shows You How to Save More Money Using Short-Term Rewards
Getting more gifts for your own stocking may be just what you need to save more money this holiday season.
Rewarding yourself can be a powerful tool to change old spending habits, according to Charles Duhigg, author of the book "The Power of Habit."
Many people struggle with the idea of working toward big savings goals such as retirement or even an emergency fund, Duhigg said.
"If you are trying to save money, it is essential that you come up with some weekly routine where you reward yourself," Duhigg said. And the reward doesn't mean you have to spend more money.
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Check out this video to see the most effective ways to reward yourself and for a breakdown on how treating yourself can help you put three to four times more money into savings.
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