5 Things People with Hefty Savings Don't Do
A counterintuitive way to look at building up your vacation fund, and more tricks you can steal from those with big bank accounts.
By Lynn Andriani
They Don't Save for Their Vacations
Daydreaming about the trip you want to take to the Bahamas in March may provide great motivation for socking away cash, but research shows that focusing on the $6 energy bars you're going to skip three times a week might get you to the beach faster.
A study published in the journal Pyschological Science explains that people who concentrated on cutting recurring expenses saved 82 percent more than those who were thinking about the future.
Published 12/15/2014
