https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/ Make More. Save More. Live Better. Thu, 15 May 2014 16:47:08 +0000 hourly 1 https://wordpress.org/?v=6.6.2 https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14913 Thu, 15 May 2014 16:47:08 +0000 http://www.youngadultmoney.com/?p=13287#comment-14913 Ugifter Ironically right around the time I published this post one of my income streams had a drastic change so I need to rethink how to continue to bring in the sort of income I have been with the blog.  Probably take a few months to evaulate things and make a new plan of action.
If I hadn’t won the Hawaii trip I definitely wouldn’t have been able to justify it!

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14912 Thu, 15 May 2014 16:45:35 +0000 http://www.youngadultmoney.com/?p=13287#comment-14912 LisaVsTheLoansThat’s a great quote -> “Mental accounting takes the thinking out of achieving goals.”  It really does simplify things and matches your effort with specific goals.

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14902 Thu, 15 May 2014 13:28:20 +0000 http://www.youngadultmoney.com/?p=13287#comment-14902 I think it’s amazing that you’ve managed to grow your online income to a level that covers your loan payments! Setting targets is fun and can really be motivational. I’d love to be able to say I can cover something with my online income, but for now, what I cover is random stuff I like to buy!  I’d love to be able to pay for our next vacation with online earnings, but they will REALLY have to ramp up, or I won’t be able to afford to go on the vacation.  (That’s kind of a lie, taking the specific vacation would be at the expense of some of our savings goals for the year.)

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14898 Wed, 14 May 2014 20:34:17 +0000 http://www.youngadultmoney.com/?p=13287#comment-14898 When The BF and I were choreographing on the side for extra money, all of the money I earned went straight to my emergency fund. Mental accounting takes the thinking out of achieving goals.

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14864 Wed, 14 May 2014 03:48:38 +0000 http://www.youngadultmoney.com/?p=13287#comment-14864 fitisthenewpoor  That’s awesome!  I hope to add some more freelance money sometime within the next couple months.  I only freelance on one website but I’d love to have 3-4 a week.

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14856 Tue, 13 May 2014 19:45:05 +0000 http://www.youngadultmoney.com/?p=13287#comment-14856 Right now, my freelance money is covering our gas, groceries, and utilities. It certainly helps me see a finish line at the end of the month, and when I can cover more, I get beyond excited!

]]> https://www.youngadultmoney.com/how-mental-accounting-can-motivate-you-to-make-more-money/#comment-14852 Tue, 13 May 2014 17:34:54 +0000 http://www.youngadultmoney.com/?p=13287#comment-14852 Beachbudget What you are saying totally makes sense.  If my full-time income was from freelance work my mental accounting concept probably wouldn’t work as well.  I suppose you could start an additional freelance/side hustle money stream, though, even if your main money comes from freelance work?  Anyway I hear where you’re coming from.

]]>