Saving Leads to Lower Stress

Here is a short article from Psych Central on the benefits of monthly saving. I have to agree with the study, I find it much easier to save in the short term than in the long term where I have difficulty forecasting my expenses. (Click here to skip intro and read article)

Article Introduction (Via Psych Central):

A new study finds that Americans are better at saving money when they set goals in the near future — such as next month — rather than the more distant future.

Article Excerpts (Via Psych Central):

“Our study shows that Americans are better at saving money when they are thinking about it month-to-month, on an ongoing basis rather than a long-term goal.”

“Planning too far in advance not only makes consumers over-optimistic regarding how much they will save, but it also makes them behave in more aggressive and risk-seeking ways in other financial arenas,”

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