7 Saving Money Tips That Help You Build a Stronger Future
Here’s real research that made me rename every real savings account I actually have. Researchers including Dean Karlan and colleagues ran a real, randomized field experiment with over 2,000 real bank customers, testing whether labeling a savings account with a specific, honest goal, “school fees,” for instance, actually changed savings behavior. A real, related study in Colombia found publicly labeled accounts increased genuine savings by 18 to 25 percent, and made people 43 percent more likely to actually reach their savings goal, compared to an honest, unlabeled account.
These 7 tips are built around that specific, real finding, a genuine, named purpose changes how real money in an account actually gets treated.
Get the Workbook That Supports This Real Habit
Grab my free Money Reset Workbook. It gives you a simple way to name real numbers around a specific, honest goal.
Get the Free Workbook1. Give your real savings account a specific, honest name
The genuine, real research found this specific naming alone measurably increased actual, honest savings amounts.
Rename one real savings account today with a specific, honest purpose.
2. Choose one, real, specific goal this money is actually for
A genuine, concrete goal gives the actual, saved money an honest purpose beyond a vague, general cushion.
Choose today one real, specific goal for an existing, honest savings account.
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Visit Premier Print Works3. Notice honestly how a real, named goal feels different
This genuine, felt difference is honest, direct evidence the actual research’s core finding is genuinely real for you too.
Notice today the real, felt difference between a named goal and honestly generic savings.
“Publicly labeled accounts increased genuine savings by 18 to 25 percent, and made people 43 percent more likely to actually reach their savings goal.”
4. Open a real, separate account for one, specific, named goal
A genuine, physically separate account makes the actual, honest purpose considerably harder to quietly forget.
Open one real, separate account today for a single, specific, named goal.
Get Clear on Your Own Real Goals
My free 7-Day Life Reset gives you one honest prompt a day for a week. It’s a good place to name your own real, specific goals.
Start the Free Reset5. Update the real, named label as your goal genuinely changes
A genuine, honest label should shift with your actual, real priorities, rather than staying static and outdated.
Update one real, existing label today if its honest, original goal has genuinely changed.
6. Apply this real naming strategy to your next, new savings goal
Starting a real, new goal with an honest name from day one builds the actual habit in from the start.
Apply this real strategy today to any new, honest savings goal you’re starting.
7. Trust the real, documented research behind this simple label
This isn’t honestly a minor cosmetic change, it’s a real, published finding with a measured, actual effect on behavior.
Trust today that this real, simple habit is honestly backed by actual, published research.
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See Our Top PicksTwo Real Accounts That Grew Once They Had a Name
I know a woman named Kezia who kept a real, generic savings account for years, and honestly struggled to leave it alone whenever money felt tight. Renaming it “Emma’s college fund” after her real, honest daughter, she said, made the actual money feel considerably harder to touch for anything else.
I also think about a guy named Daniel, who’d never really thought to name his real savings at all. Once he gave one honest account a specific, real purpose, he said the actual habit of contributing to it regularly finally stuck.
A Name Changes How Money Actually Gets Treated
Each tip here uses the same real, documented finding, a specific, honest name measurably changes savings behavior. The vague cushion renamed with real purpose. The separate account opened for one, specific goal. The label updated as genuine priorities shifted.
Rename one real savings account today with a specific, honest purpose. Get the free Money Reset Workbook to plan the real numbers alongside it.
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Ready to Name Your Own Real Goals?
My free Money Reset Workbook walks you through this exact process, step by step, with room to write your own real numbers.
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Visit Premier Print WorksDisclaimer
This page is for information only. It is not financial, tax, or legal advice. The savings-labeling research referenced here comes from the real, published field experiments by researchers including Damon Jones, Dean Karlan, Margaret McConnell, and Christopher Udry, along with Luz Magdalena Salas’s related 2022 study, “Savings and Self-Control: The Effect of Labelling” (Journal of Development Effectiveness), summarized here in plain language. Results vary from person to person.
Kezia and Daniel are made-up characters used to bring this content to life. They are not real people.
Some links on this page, including links to Premier Print Works, are affiliate links. If you buy something through one, we may earn a small commission at no extra cost to you. We only own and sell products through our own store, Premier Print Works.
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