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Never Underestimate Short-Term Savings

Daydreaming about the trip you want to take to the Bahamas in August 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 Psychological Science explains that people who concentrated on cutting recurring expenses saved 82 percent more than those who were thinking about the future.
Lynn Andriani
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