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Why saving money is hard — and how you can get better at it.

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If you're like most people, you probably know it's hard to save money. Really hard. But do you know why?

Sure, we all know that one person who is really good at managing money and seems to have this whole saving thing figured out. But for the rest of us, storing all those "acorns" away for the winter is just tough. We all know it's important, but where — and how — do we even start?

First, know that you're not alone: Research shows that a lot of Americans don't have much in savings. One survey of about 5,700 people released by the Federal Reserve found that 46% of adults could not cover an emergency expense of $400 without selling something or borrowing money.

Image via iStock.

There are a number of reasons why getting in the habit of saving is challenging.

One reason stems from our scarcity of attention, wrote Sendhil Mullainathan, professor of economics at Harvard University in an article on CNN Money. We are more likely to prioritize our immediate needs (say, a new phone) over our future needs (such as our retirement).

This is similar to why we procrastinate in general. According to psychologists, we see our future selves as strangers. While we inevitably become them, the people who we will be in a few months (or decades) are unknown to us, so we do not always make good choices for our futures.

A second reason is that we tend to forget what it felt like during conditions of scarcity. So, maybe you used to survive on a smaller salary, but now that you are getting paid more, you are likely to also increase your spending along with it to buy more (or better) things.

Image via iStock.

Technology has also made it easier for people to spend more money. Paying for services or items is quick and easy today, especially as we move toward becoming a cashless society.

And on top of all this, there is peer pressure that can be applied via social media, said Sean Stein Smith, a CPA, CGMA, and assistant professor at Rutgers University-Camden. "Seeing pictures of celebrities, family, and friends posting their newest purchases during their most recent vacation can be a tremendously difficult hurdle to overcome," he explained.

So what can we do to become better savers? Here are few helpful tips and tricks to get you into the habit of saving:

1. Stick to a realistic budget and pay yourself — i.e., your savings account — first.

Image via iStock.

"In order to accomplish any goal, whether it is running a marathon or setting up a savings plan for yourself, you need to have a plan in place," says Smith, who is also a member of the AICPA's National CPA Financial Literacy Commission. To do this, you need to take the time to know where your money is going and how much you can afford to save.

Everyone’s circumstances are different, so it's important to make a realistic budget that includes all your bills and expenses. And budget your savings just like it’s any other bill that you are paying so that you're always contributing something to that savings account.

2. Make your savings payments automatic.

The same technologies that make spending so easy can make saving easy too. Try to automate the process as much as possible by setting up automatic payments on payday so that a chunk of every paycheck goes straight into your savings account and you don’t even have to think about it.

"It’s like jumping into a pool: You have to steel yourself to do it once, and you can benefit going forward," wrote Mullainathan, the Harvard economics professor.

3. Remind yourself what it’s like to be broke.

Since we forget what scarcity feels like as soon as we’re not experiencing it, one helpful thing can be to remind yourself of what it feels like to be broke when you do have money. FutureMe.org lets you write an email to yourself to be delivered later — on payday, for instance, when you'll forget how it felt to scrounge change together for groceries.

4. Take the 52-week money challenge.

Sometimes just getting started is hard, so why not take this 52-week money challenge to get yourself in the habit of saving? The challenge works like this: on week one, save just $1, then on week two, save $2, and on week three, save $3, and so on until you reach week 52, where you save $52. This incremental savings plan starts small, but it can add up to a big difference — you will save $1,378 in just one year.

Worried you won’t stick to the plan? Try the plan in reverse and start by saving $52 on week one so that you have no excuse on week 52 to not put that $1 in there.

5. Make a goal and stick to it, and celebrate milestones.

Image via iStock.

It’s important to have an emergency fund, but there are a lot of other things you can save for too. So while it's probably best to try to let your savings grow for a while (and keep withdrawals to a minimum), it's good to set smaller, more immediate, goals as well that allow you to reward yourself along the way with fun things, like that dream vacation you have always wanted.

Want to make sure your savings plan is realistic and well thought-out? Try the four-week financial fitness challenge.

6. Save your windfalls.

Did you get a larger-than-usual tax refund or an annual bonus this year? As tempting as it can be to rush out and spend it now, put that extra money into savings. You won’t miss the money, and it will get you closer to your savings goals.

7. Keep the cash back for your savings account.

Does your credit card or bank offer you cash back for certain purchases? Make sure to transfer those extra dollars right into your savings account.

8. Save your change.

Image via iStock.

Small amounts of money can go a long way too. Do you have a bunch of change rattling around in your wallet? Why not collect all those coins in an old-school piggy bank? When it is full, you can exchange the coins at your local bank or supermarket for cash that can easily be deposited into a savings account. It might not seem like much, but over the course of the year, those loose pennies can really add up.

Some banks also offer "keep the change" programs to automatically round up your debit card purchases to the nearest dollar and transfer the difference into your savings account.

9. Increase your savings contributions when and where you can.

Get a raise? Or did you finally pay off your mortgage or a credit card? Be sure to increase your savings contribution before you start spending to reflect your pay increase or extra money in the budget. It will help you get one step closer to your savings goals.

Image via iStock.

10. Get a budget buddy.

"Planning, automation, and sticking with it — think of it like a workout regime — are the 'secret sauce' to savings success," says Smith. And a great way to stick with it is to find someone, like your husband, wife, or partner, to help motivate you.

"[This is] someone that is on the same path as you that can keep you motivated, engaged, and committed when you are tempted to start slacking," he says.

For some of us, saving isn’t easy, but thankfully there are a lot of ways to trick yourself into getting better at it.

And once you develop the habit and start meeting your goals, your future self will thank you.

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Family

Woman who traveled abroad for 2 weeks realizes why she can't marry an American man

"I'm actually embarrassed to talk about this."

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A woman holding back her laughter.

One of the biggest topics in parenting these days is the mental and physical drain that comes with being the default parent in a family. The default parent is the one who is first in line when it comes to taking responsibility for parenting duties, whether that means making doctor’s appointments, ensuring the homework is done, or making sure the child has enough socks to make it through the week.

Being the default parent can lead to fatigue and burnout, and the parent can experience incredible anxiety when their attention turns away from the household or family. The situation is even worse when the default parent’s partner only does the bare minimum. Unfortunately, in American society, fathers are often the parents who do just enough to get by and are praised for it.

The notion that men don’t have to pull their equal weight in American family life is so ingrained that when Emma Hughes, a travel nanny with over one year of experience in childcare and family support, visited Sweden for two weeks, she experienced extreme culture shock.


"I've been in Sweden now and I think I've been ruined for American men," the 24-year-old said in a viral Instagram video. "Specifically raising a child with an American man in America, because these Scandinavian dads? Chef's kiss …"

"I'm actually embarrassed to talk about this because all of the observations that I've made have really revealed to me how deeply ingrained [expletive] dads have become like in my brain, and it's just like the default,” she continued.

The notion that fathers only have to do the bare minimum was so ingrained in Hughes’ psyche that she couldn’t understand seeing so many involved fathers in Sweden.

sweden, swedish dad, swedish fathers, soccer, swedish childA dad playing soccer with his child.via Canva/Photos

"When I see more dads pushing their strollers in the park on a Saturday morning than moms, what does my brain think … That's weird, there is something abnormal about that,” Hughes said. “When I see dads at the grocery store with their kids. When I see dads out at restaurants or in public. It is so deeply telling of a lot of subconscious stuff that I have going on in my brain after working with so many families."

She said that even the best dads she's worked with in America would be considered the "Scandinavian bare minimum." She applauded one Swedish father who purchased a new size of diapers for his baby without being told to do so by his partner.

swedes, swedish couple, scandanavia, swedish flag, happy swedesA couple holding up the Swedish flag.via Canva/Photos

"Like I watched a Swedish dad go to the grocery store and come home with like four bags of groceries and in that trip he had bought size two diapers for a baby that had previously been wearing size one and was ready to move into size two but that conversation had not happened between the mom and the dad,” she said.

Given Swedish dads' dedication towards their parenting responsibilities, it’s fair to assume that their partners are much happier and stress-free than those in the States. But what about their kids? Researchers at the United Nations who studied “child well-being in rich countries” found that Swedish fathers also ranked high by their children. The survey asked children in 28 countries if it was easy to talk to their dads, and while 67% of children in the study said their parents were easy to talk to, Swedish fathers scored higher at 72.4%. Meanwhile, the U.S ranked 25, out of 28, at just 59.7%.

sweden, swedish dad, swedish fathers, swedish child, dad reading note, A Swedish dad reading a note. via Canva/Photos

Ultimately, Hughes makes an important point that Scandinavian men have set a high bar for being fathers and that American men need to step up. The positive sign is that in America, the discussion around default parenting has been getting louder and louder, and hopefully, that will prompt more American men and women to set higher expectations so that one day, American men can catch Sweden’s.

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Education

Simple '30-second rule' can help you win every conversation, even if you're a little awkward

You only have to remember one thing.

via Canva/Photos

A man and two women having a fun conversation.

There’s no one alive who doesn’t feel some anxiety about making small talk with other people. The difference is that some confront their fears because they know the incredible benefits that it can mean for their social life, romantic prospects, and careers, while some shy away and miss out on many opportunities.

Many people who avoid small talk believe those who excel at it are naturally charismatic or have been blessed with the “gift of gab.” However, many great conversationalists honed their skills and have a set of rules, techniques, and strategies they use when speaking to people, just like how people who do improvisational comedy or acting have a set of rules to follow to put everyone on the same page. Confident, sociable people may make engaging with others look effortless, but that’s because they have a strategy.

conversation, fun office, men and woman, funny conversation, jokes, levityA group of coworkers having a laugh.via Canva/Photos

What is the 30-second rule?

New York Times bestselling author and founder of the Maxwell Institute, John C. Maxwell, had a rule whenever he started a conversation: “Within the first 30 seconds of a conversation, say something encouraging to a person.” This can work in any social or professional situation, for example:

At work:

“Wendy, I heard you did great on yesterday’s conference call.”

“Frank, I hear the clients really love working with you.”

At a party:

“Mohammed, I really loved those pictures you posted on Instagram on your trip to Mexico.”

“Sang, are we going to get some of your incredible barbecue today?”

On a date:

“Thanks for choosing such a great restaurant, it has such a nice ambiance.”

“I really like the way your necklace brings out your eyes.”

date, conversation, laughs, jokes, salads, dinner, restaurant, cafeA man and woman joking on a date.via Canva/Photos

Whether you are complimenting, relaying positive information about the person, or encouraging them, the key is to pump them up and make them feel good about themselves. The 30-second rule fits nicely into Maxwell’s overall view of relationships: “Those who add to us, draw us to them. Those who subtract, cause us to withdraw,” he said.

The key to giving the other person encouragement is to do so genuinely. If you aren’t genuine with your compliments or words of encouragement, your words can have the opposite effect and make the other person feel like you are being condescending.

How does encouragement make people feel?

encouragement, poeple in blue shirts, luaghs, my bad, smiles, supportive peopleA man making a joke with other people in blue shirts.via Canva/Photos

Studies have shown that when people hear words of encouragement, they feel good and have a burst of energy. Psychologist Henry H. Goddard studied tired children and found that they had a burst of energy when he said something encouraging to them. But when he said something negative, they became even more tired.

Ultimately, a direct connection exists between being likeable and being genuinely interested in other people. William King said, “A gossip is one who talks to you about other people. A bore is one who talks to you about himself. And a brilliant conversationalist is one who talks to you about yourself.”

Every time you start a new conversation with someone, take the opportunity to share some words of encouragement with the other person, and you’ll be on your way to being seen as a brilliant conversationalist.

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Mental Health

Motivation expert explains how two simple words can free you from taking things personally

You don't need to take responsibility for everything and everyone.

via TEDx SF/Flickr and TEDx SF/Flickr

Mel Robbins making a TED Talk.

Towards the end of The Beatles’ illustrious but brief career, Paul McCartney wrote “Let it Be,” a song about finding peace by letting events take their natural course. It was a sentiment that seemed to mirror the feeling of resignation the band had with its imminent demise.

The bittersweet song has had an appeal that has lasted generations, and that may be because it reflects an essential psychological concept: the locus of control. “It’s about understanding where our influence ends and accepting that some things are beyond our control,” Jennifer Chappell Marsh, a marriage and family therapist, told The Huffington Post. “We can’t control others, so instead, we should focus on our own actions and responses.”

This idea of giving up control (or the illusion of it) when it does us no good was perfectly distilled into two words that everyone can understand: "Let Them." This is officially known as the “Let Them” theory. Podcast host, author, motivational speaker and former lawyer Mel Robbins explained this theory perfectly in a vial Instagram video posted in May 2023.

“I just heard about this thing called the ‘Let Them Theory,’ I freaking love this,” Robbins starts the video.

“If your friends are not inviting you out to brunch this weekend, let them. If the person that you're really attracted to is not interested in a commitment, let them. If your kids do not want to get up and go to that thing with you this week, let them.” Robbins says in the clip. “So much time and energy is wasted on forcing other people to match our expectations.”

“If they’re not showing up how you want them to show up, do not try to force them to change; let them be themselves because they are revealing who they are to you. Just let them – and then you get to choose what you do next,” she continued.

The phrase is a great one to keep in your mental health tool kit because it’s a reminder that, for the most part, we can’t control other people. And if we can, is it worth wasting the emotional energy? Especially when we can allow people to behave as they wish and then we can react to them however we choose?

@melrobbins

Stop wasting energy on trying to get other people to meet YOUR expectations. Instead, try using the “Let Them Theory.” 💥 Listen now on the #melrobbinspodcast!! “The “Let Them Theory”: A Life Changing Mindset Hack That 15 Million People Can’t Stop Talking About” 🔗 in bio #melrobbins #letthemtheory #letgo #lettinggo #podcast #podcastepisode

How you respond to their behavior can significantly impact how they treat you in the future.

It’s also incredibly freeing to relieve yourself of the responsibility of changing people or feeling responsible for their actions. As the old Polish proverb goes, “Not my circus, not my monkeys.”

“Yes! It’s much like a concept propelled by the book ‘The Subtle Art of Not Giving a F**k.’ Save your energy and set your boundaries accordingly. It’s realizing that we only have “control” over ourselves and it’s so freeing,” one viewer wrote.

“Let It Be” brought Paul McCartney solace as he dealt with losing his band in a very public breakup. The same state of mind can help all of us, whether it’s dealing with parents living in the past, friends who change and you don’t feel like you know them anymore, or someone who cuts you off in traffic because they’re in a huge rush to go who knows where.

The moment someone gets on your nerves and you feel a jolt of anxiety run up your back, take a big breath and say, “Let them.”

let them theory, let it be, paul mccartney, the beatles, exhalethe beatles wave GIFGiphy

This article originally appeared last year.

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Celebrity

Actor Christian Bale helps build foster 'village' to keep siblings in foster care together

"This will be one of the things that I'll be most proud of when I draw my last breath."

CBS Sunday Mornings/YouTube

Christian Bale builds foster home to keep siblings together called Together California.

Actor Christian Bale has found a calling beyond Hollywood. TheBatman star, 51, opened up about his mission to keep siblings in foster care together through Together California, a foster home community under construction in Palmdale, California.

In an interview withCBS Sunday Morning, Bale shared how he became passionate about helping children in foster care, and more about the home's construction process. Citing research that nearly 75 percent of siblings in foster care are separated, Bale explained how terrible it made him feel.

"And so you imagine the trauma of that, you know? But added trauma to being taken from your parents, and then you lose your siblings, you know, that's just something that we shouldn't be doing," he told CBS Sunday Morning correspondent Tracy Smith.

- YouTubewww.youtube.com

Bale did not grow up in foster care or have any personal ties to it. "I don't think you have to have any connection to foster care in your past. It's just about the basic understanding that as a society, how can we not take care of our children?" he said. "So I don't think it requires a connection. It just requires having a heart."

However, becoming a father 17 years ago to his daughter Emmeline with his wife Sibi Blažić (he also has a son, Joseph), changed his perspective. Bale began to look into foster care, and connected with a man in Chicago named Tim McCormick, who had run foster care homes for decades.

The duo created Together California, a unique model for foster homes. Siblings will stay together in individual houses around a central garden, and will be cared for by trained foster parents whose only job will be to look after them. It is a $22 million project, which "includes 12 homes, transitional housing, and a community center, aiming to provide stability and support for vulnerable children."

The home is being designed by architects AC Martin. They broke ground on the project in February 2024. "I love designing. I love architecture," Bale added. "So I adore the whole design process. And so actually seeing it really–coming to happen is just very, very exciting."

While Together California is still under construction, the goal is to welcome the first foster children early next year. With additional funding being raised (actor Leonardo DiCaprio is an investor), Bale is chomping at the bit to see it officially opened after 17 years in the making. "Ignorance is bliss. If I'd have known it would be 17 years [to open], I still would have done it," he says.

And for Bale, it's much more than a passion project. "This is something that when, you know, I'm closing my eyes for the last time. I wanna look and say...think about, 'Did I do some good? Did I make any changes in the world that were useful?' And this will be one of the things that I'll be most proud of when I, you know, draw my last breath," he said.

In another video shared by CBS Sunday Morning on Instagram, Bale called the project, "Transformative, magical and soulful. And it's going to change children's lives completely."

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Innovation

Welcome to the world of hyper-realistic silicone masks

The amazing disguises in "Mission Impossible" aren't as unrealistic as you think.

Canva Photos

Masks have gotten so good, 1 in 5 people can't even identify one.

In the Mission Impossible movies, you can never quite trust anything you see. That's because the films make liberal use of futuristic and wild fictional mask technology. At least, I thought it was fictional.

With a simple scan or photo of someone's face and a machine that fits in a briefcase, Ethan Hunt (Tom Cruise) and his team can 3D print a mask that's 100% indistinguishable from the real thing. Add in a little extra technology that helps the spies mimic others' voices and you've got the perfect disguise. Cruise can walk amongst the bad guys without fear, and his costars get the fun challenge of playing Tom Cruise playing themselves! It makes for incredible entertainment.

I've always loved the movies and understood that part of the viewing experience is learning to suspend my disbelief. The gadgets, stunts, and disguises are a lot of fun, but pretty out there.

And then I saw this video, and it opened the door to the new, and more than a little frightening, world of hyper-realistic silicone masks.

In the clip shared by Science Girl on X, a man tries on a lifelike mask in real time, sliding it over his head, and in just a moment and with one small wiggle of the nose, he's completely transformed. I thought for sure the whole thing had to be AI-assisted, but no. The clip originated from a mask manufacturer called FL Silicone Mask. They've got tons of demonstrations all over their Instagram page.

The final result of this mask in particular is a little unnerving, a little uncanny valley. There's something off with the way it looks but it's really hard to say what. The details are incredible, the eye-sockets seamless. The mouth can even move open and closed.

In passing, without looking for it, you'd probably never have any idea that this person was wearing a mask. Just see for yourself. It's no wonder the post clocked over 27 million views on social media.

Realistic masks like this one have actually been researched. Studies have shown that about one in five people can be fooled by someone in a realistic silicone mask.

A research study out of the Universities of York and Kyoto asked volunteers to look at photographs of people wearing a realistic mask, and photos of people not wearing a mask. They had to guess which was which, and an astonishing 20% of the selections turned out to be wrong. Considering this was a controlled environment where participants were actively looking to see if someone was wearing a disguise, it's even scarier to Imagine how easy it would be to get fooled in real life when you aren't on your guard.

- YouTubewww.youtube.com

The technology for hyper-realistic masks has grown by leaps in bounds in recent years. The fit and detail work on them is astonishing, so much so that it's becoming cause for concern.

While Tom Cruise uses his disguises to save the world, not everyone is so altruistic. Police forces all over the world are facing more and more challenges with criminals using creative camouflage.

The "Geezer Bandit" once terrorized San Diego banks for years, robbing them while disguised as an old man. He or she was never caught.

Realistic silicone masks are expensive, usually costing several thousand dollars, and good ones are hard to find. Mesh masks that can be worn under a hoodie are a lot more cost-effective and incredible at fooling security cameras from a distance. Worse yet, masks can be made in the likeness of almost any person, making identity theft a serious concern.

There might be a bright side to this bizarre technological advancement, though.

For years now, wigs have been helping people with various forms and causes of hair loss find their confidence again. It's a chance to blend in with the public and not feel othered by stares or field any questions. It allows people to just exist the same way anyone else does.

Masks haven't been able to do the same thing because, well, they've always looked like masks. But you have to wonder if the technology has finally reached a tipping point where they too could become a source of confidence and normalcy for people with facial deformities or disfigurations.

When mangled soldiers were returning from WWI by the hundreds, a British sculptor named Francis Derwent Wood opened up a shop that specialized in creating masks that would hide their scars. According to Forces News, "Wood's painted metal mask work was an attempt to give back to veterans the sense of self-worth and pride they once had in their appearance and help them 'fit in' back on civvy street."

Maybe these stunningly-accurate silicone creations could do that for a new generation of people who could use a little help feeling like themselves again. No one should ever feel like they have to wear a mask or hide their face. But if you're going to wear one, it might as well be the best quality you can find!

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