Regarding personal and domestic finances, people’s ultimate goal is to save money. However, achieving this can sometimes be difficult. Below we outline five games to save in a fun and entertaining way.
Eating healthy and exercising are two key tips for maintaining good physical and mental health. However, although these are the typical resolutions we always try to make, a lack of planning and sheer laziness, among other reasons, tend to get in the way of us fulfilling them. The same applies when we try to save: present bias, caused by the desire to obtain immediate rewards without rationally assessing whether we need them (e.g. buying a set of wireless headphones that are on sale) or petty expenses, resulting from purchases of low-cost goods and services (e.g. ordering a coffee every morning on our way to work) can make our financial health unstable.
For this not to happen, financial literacy and planning are essential. That is, knowing and organising our expenses and income in order to be able to pay our bills (rent, loan repayment, etc.) and the things we need and want (food shop, leisure activities, etc.), saving part of our income for possible contingencies.
Want to test your financial knowledge on savings? You can with this article from Tu Futuro Próximo.
How can you save money?
Although planning may seem like an easy task, many people do not plan or do not do it properly. Instead of being perceived as a gateway to achieving other goals, such as buying a car or travelling abroad, saving money is sometimes seen as just another obligation. This negative view makes it harder to achieve this goal.
However, through different games, you can save money in a more entertaining and engaging way, especially if you do it with those you live with: from the youngest to the oldest members of the household.
Here are some examples that can be put into practice:
Want to learn more ways to save? In this Finance for Mortals article, you will discover seven strategies to improve your financial health.