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Discover tips and tricks on how to save and invest money by Oval Money

Summer is made for the procrastinators and the overachievers alike.

Whether you want to find a few new habits to help you kick back and enjoy the hotter months, or you don’t want to lose your proactive groove, these six new habits are made for you.

1. Learn to visualise

Start practising a little visualisation. Whilst summer is the time to switch off, September is the time to kick start the second half of your year. Therefore, over the summer take a little time everyday to visualise exactly what you want to achieve after the summer ends. This can be in any part of your life, but by focusing on it just a little each day you build a clearer picture of what you want, and how you plan to achieve it.

Summer is your time to prepare for the future you want.

2. Develop a growth mindset


A growth mindset is a way of thinking that means instead of shying away from new or potentially challenging experiences, you see them as an opportunity to grow.

If finance is one of those things that fazes you, and you always find excuses to put off building a budget or checking your bank account, then take this summer as an opportunity to grow and educate yourself. Find a finance app that helps you grow at your own pace; educating you and helping you build better investing and savings habits.

As said by Ralph Waldo Emerson, “Make the most of yourself....for that is all there is of you.”

3. Drop the negativity

This summer drop the negative influences in your life and reset the way you think. Constantly surrounding yourself with negativity can have a detrimental effect on everything from your health to your emotional stability.

One way of doing this is setting yourself clear, achievable goals. Setting yourself achievable goals means you get a regular endorphin boost each time you complete one, this translates into you actively seeking out ways to achieve more in the long run.

If, for example, your goal is to save more more money, then do so in increments. Activate a saving mission to help you make your first savings. Once a mission is successfully completed Oval automatically unlocks the next one for you, meaning that the challenge grows in step with your experience.

Each time you complete a mission make a concerted effort to congratulate yourself and create a positive mindset towards money.

4. Find your groove


Find out what it is that really makes you shine. Maybe it’s sport, or maybe you’re creative, maybe you even get your joy from learning how to create the perfect elliptical flower arrangement. Whatever it is, find it and practise it. What’s important is that you find an activity you can build upon and that gives you a sense of achievement and satisfaction.

Summer is a season to feel good about yourself.

5. Targeted spending


It’s a proven fact that when you’re bored, you are more susceptible than usual to buying things you don’t really want or need. So, if you have a lot of time on your hands this summer, practise targeted spending to make sure you don't fall into this trap.

Targeted spending means keeping your spending under control by prioritising spending on things that are most important to you. For example, if you are an adventure enthusiast then allow yourself to spend money on travel this summer, but spend less on things you don’t care so strongly about, such as new shoes or eating out.

You can even set up a Step that saves money each time you spend in your prioritised category, to make sure that the spending is offset by good savings.

6. Sort your sleep


For most of us, this is probably the most precious commodity of all! If you have the luxury of a lazy summer in front of you then try and get yourself into a solid, healthy sleep pattern.

Sleep boosts your immune system and you need it to repair your heart and blood vessels. It also makes you more productive during the day and helps balance your hormone and insulin levels. In short, you can’t cheat on sleep.

By taking the time to get yourself into a healthy pattern that you can carry through the rest of the year, you are actively helping your future self be healthier and more productive.

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