Save More by Shrinking Your Monthly Income

Episode Notes

Thimbleberry Financial Website and Phone Number:

(503) 610-6510

"Shrinking your income" may not seem like a good idea, but it's actually a psychological trick to increase your savings. Today, Amy Walls from Thimbleberry Financial explains the process.

If you think you have less to spend, it will change your habits and decisions. Automatically take different categories of expenses "off the top," such as:

By taking all of these items off the top, it appears you have less money to spend, and guess what? You'll spend less.