Dealing with money is rarely something people enjoy. Okay, maybe if you’re Amazon CEO Jeff Bezos and the questions swirling around your financial future are things like “What sort of yacht should I buy?” or “Is 12 enough seats for a private plane or should I go bigger?” then taking time every day to review budgets isn’t so hard. But for a lot of others, it can be filled with dread about debt or regret about poor spending decisions. Most Americans could probably stand to spend more time working towards their financial goals, but that can be hard when sitting down and taking a long look at your budgets is something you look forward to about as much as a root canal.
However, personal finance expert Kristin Wong has a solution for making it much easier to invest the time needed to take control of your financial future: gamifying your money. Gamification is the process of adding game-like elements to a task in order to make it more engaging, and personal finance is no different. By taking tasks like saving and setting budgets and imbuing them with game elements, you can take a process that’s typically marked by austerity and restraint and turn it into something fun. That’s because, ultimately, an approach to personal finance that is, in fact, personal is probably the most likely to have long-term success. Setting up a plan for your financial future to succeed should mean factoring in who you are and what will keep you engaged and interested.
“I always say that personal finance has everything and nothing to do with money,” says Wong. “It’s more about figuring out how to keep money from getting in the way of things that are important to you.”
Your budget isn’t going to take care of itself, but with gamification, you can make it feel less like a chore and more like a hobby.