Developing That Saving Mentality Through Delayed Gratification
Financial Management

Developing That Saving Mentality Through Delayed Gratification

financial literacy

Today a funny thing happened as I was actually playing a fun game where this week there is an event where everything is cheaper to obtain while doubling the rewards you would usually get for spending your resources. Just like real life I happened to save all of my resources for a day like this and people were shocked. Not so much because I would be earning a ton as a result of saving but rather the fact that even had the ability to not spend at all for that long.

Delayed gratification is such an important skill we need to learn I feel when it comes to money. I think it’s too overlooked in many ways where as a child we are too used to just getting things right away when we whine or complain. Fortunately for myself I have mentioned many times that simple things like playing video games that require you to manage and save resources fortunately kept me on the road to recognizing how delayed gratification and produce wonderful results.

I do wonder how an adult would learn this or if it is too late by then as the habit of always expe4ctign things right away has been developed. If there was a solution I would imagine the person would have to say live in a different country as an example for a while to really get that appreciation for what one has first. When you find out how much you can do for so little you tend to view things completely different I find.

It’s all about raising that bar first I feel in trying to do as much as you can with what you have. Therefore, if there is a situation where you have to wait a long time then it actually doesn’t seem so bad.

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