Level Up Your Money with Gamification – Episode 155

January 8, 2020

For most normal people, personal finance is boring! There are many reasons why Americans have a really difficult time getting their money act together, but today we’re addressing the fact that we’d rather spend our time doing almost anything else. This is a problem as it takes intentional action for the rubber to meet the road and for our hopes and dreams to be turned into a debt slaying, wealth building reality. Gamifying our personal finances can help us to actually achieve some of those goals when it would otherwise be something we wouldn’t do at all. When we can figure out what it is about a particular game that we love, then we can bridge that gap and take some of the elements from the games we love and apply them to our personal finances. We really believe that gamification will level up your money game.

Additional resources from this episode:

  • That WSJ article about the folks taking advantage of online mattress return policy
  • A little healthy competition can be a good thing but when our personal finances are involved, our friends, neighbors, and co-workers are NOT the competition. Remember in our individual personal finance ‘games’, the competition and challenge depends on what our personal goals are. In order to identify these overarching goals, listen back to our episode on personal mission statements as well as the why behind our money.
  • When it comes to working with a partner to tackle a financial goal, check out the Zeta and Twine apps. And there are countless apps out there that you can use to gamify and make your personal finances more fun. Check out Acorns to break up larger savings goals, utilize a user friendly software like YNAB to make budgeting more fun, or even utilizing new services like a low cost cell provider in order to achieve one level-up a month.
  • We mentioned a ton of different strategies in this episode, but what tactics or apps are you using to gamify your personal finances? Let us know in the comments below!

During this episode we enjoyed a Astral Prism by Modern Times Beer- another big thanks to our friend Craig there at the brewery for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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