People are saving more money with SaveEveryWay

Dec. 30, 2009 - PRLog -- A recent study by 4 Ivy League Economists found daily reminders to participants of their study resulted with an increase of savings by as much as 16%. The greatest success occurred with individuals that committed to improving their finances and then remained focused in part because they had daily help.

www.SaveEveryWay.com has been established to leverage the knowledge gained by this group of Economists. SaveEveryWay provides daily quotes, reminders and tips on how to save money. The service is free and provides your choice of e-mail, RSS feed, Twitter or Text Messaging. (Your phone carrier may charge for receipt of daily reminders)

This service is ideal support for New Year’s resolutions. The most recent survey’s including one from TDAmeritrade and another from Franklin Covey show saving money as a the most common resolution. The recession has affected not only the unemployed; even the employed have become more conscious of their debt and expenses.

The challenge most people face is following through with their commitment. Research has shown that only 1 in 5 is able to maintain their resolutions. The difference between those that do and those that can’t comes down to persistence and commitment.

According to Professor Richard Wiseman (quoted in Telegraph.co.uk) from the University of Herfordshire in England the key is “making a plan and then sticking with it.” After studying 700 people he found successful resolutions were attributed to 5 key strategies.

1) Make a plan – Determine specific steps you will take to achieve your goal. For saving more you would track you spending for 30 days, make a budget to reduce and maintain your spending.

2) Vocalize your commitment – Tell you friends and coworkers about your resolution. While you may not mind failing yourself you will mind failing in your friends eyes

3) Track your progress – Keep records of your progress. Recognize when you are falling behind and when you are making progress.

4) Celebrate your success – Make a game out of spending less and saving more. Every month you make progress reward yourself with a small gift or luxury.

5) Remind yourself routinely – SaveEveryWay can help you here with daily messages and reminders. Use post-it notes on the bathroom sink or pin up a picture of your dream vacation or retirement destination spot as motivation.

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A public service to help people meet their financial management and savings goals. SaveEveryWay leverages technology to provide daily reminders tips and quotes to save more money via text message, rss feed, email or twitter.