Gamify Your Savings: Make Saving Money A Game


How to make saving money a game that is fun

Saving money can sometimes be a daunting endeavour – the idea of becoming frugal and forcing yourself to reduce your spending is not always a fun task. Saving money can become a game, a game which is fun to play and has an exciting outcome. 

This is called gamifying your savings. It’s about becoming competitive, against yourself, and seeing the idea of saving money as nothing more than a game you can get better at until you are the master of saving money. 

Here is how to turn saving money into a game that will motivate you to achieve great things.


Benchmark your spending and beat prices down

To stay motivated, you need to monitor your progress. You need to set benchmark figures on just about everything you spend on to see if you can ‘beat’ the previous cost. 

Look to constantly find a better price to save you money on things like:


  • Utility bills Shopping bills 
  • The cost of lunch 
  • How much you pay for clothes

The goal here is always be going down in price or achieving better value for your money. Look for ways to save money on your electricity bill or how to save money on petrol - tackle one objective and challenge yourself to overcome it.


Challenge your friends and family to increase motivation

Engaging others will encourage a group mentality toward motivation and achieving goals. Making saving money a game with your friends and family will keep you honest and accountable as others are aware of what you are trying to do. 

Here are some ideas you could incorporate:

  • Have a competition on who can save $500 the fastest 
  • See who can spend the least in a working week 
  • Challenge each other to sell the most stuff in a garage sale

The goal is to motivate yourself by working with others in a competitive but fun way - it also helps to simply state your money-saving goals to them. Tell them how much you need to save and how you will do it; see if they want to do the same and then check in with one another to monitor progress.


Round down your bank balance and save the difference

If you’re slightly obsessive-compulsive, you’ll absolutely love this challenge. Whenever you log onto Internet banking, make it a game to never allow your accounts to display uneven numbers. Round down the balance to the nearest whole number and transfer the difference directly into your high-interest savings account or onto your debt. 

For example, if your primary account has $123.56 in it, transfer the $3.56 into your savings account or onto your mortgage. There’s something incredibly satisfying about a nice, round number, and your debts will thank you for it!


How long can you last without spending a dollar?

A great way to gamify your savings is to see how long you can go without something. For instance, if something you own breaks, do you really need to buy a replacement straight away? Why not see how long you can last without purchasing a replacement, and see whether the feeling of having all that extra cash turns you off the idea of buying it at all? 

The easiest way to do this is to start on the first day of your pay cheque; look at it as Day One, and see how long you can go before spending any money on non-essentials or expenses. If you’re someone who lives pay cheque to pay cheque, or is running out of money before your next pay, every day you hold out on spending will mean one less day to worry about. 

Continue doing this, and soon you’ll not only end up with money in your account, but an opportunity to begin properly saving, depositing money, and taking control of your finances.