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Financial Goals: How to Gamify Budgeting?

  April 25, 2023

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Gone are the days when managing your Financial Goals meant crunching numbers on a mini hand-held calculator for hours at a time and sifting through the dreaded pile of bank statements shoved into that ominous drawer of your desk where all scary things go to hide (you know, the one).

Here are 5 ways you can gamify your budgeting endeavors and look forward to managing your finances:    

1. Your Financial Goals Are Your Financial Quests

All great video games are characterized by quests. Characters are sent out to complete a series of different goals, ranging from rescuing a princess from a certain turtle-like enemy to destroying a powerful warlock.

Are you saving up for a new gaming console? Trying to set money aside for investing? Or perhaps you are looking to increase your credit score? Gamify budgeting by transforming your financial goals into your financial quests, and view yourself as a character ready to embark on missions to complete them.

Remember that the more information you are provided before beginning a quest, the easier it will be to accomplish its associated missions. So, make sure your quest follows the S.M.A.R.T criteria.

That is, make sure the financial objectives you establish are:

  • Specific
  • Measurable
  • Achievable
  • Relevant, and
  • Time-Bound

To maximize the likelihood of quest completion. 

2. Track Your Stats  

How will you know if you are on your way to complete your quest successfully? How do you measure progress? Once you have defined the primary financial quests you’ll be embarking on, it is important to track relevant stats to ensure you are moving toward success.

For instance, if you want to increase your disposable income, track your expenses to examine where you can decrease costs. If looking to reduce debts, keep track of all loans, credit card bills, and other forms of debt to track your progress and remaining debt

Depending on whether your quest is primarily short-or-long-term-focused, you will want to check your stats at different time intervals for accurate progress assessment.     

3. Earn Rewards For Leveling Up Your Personal Finance Game

There’s no better feeling than winning. Remember to reward yourself for your achievements whenever you’ve reached a financial milestone or completed a quest. Treat yourself to trying out that new restaurant you’ve been wanting to go to or buy a Medium cup of your favorite beverage instead of your usual Small.

If you want to treat yourself to the latest gaming goodies, you can take advantage of special deals and limited-time offers featured in the Ugami Store. You’ll even be rewarded with Ugami’s own in-app rewards currency, Ugipoints, for the very purchases you make in the Ugami Store or any other store you use your Ugami Card to make purchases, which you can then redeem for gaming goodies within the Ugami Store!    

4. Use The Right Tools For Your Quest

No character can successfully complete their missions without the right tools. Whether it’s a go-kart, sword, potion, battle rifle, or any other imaginable tool, your mission objectives and unique character traits will determine which tools will be most effective for successful mission completion, and your financial quests are no different.

For example, if you want to track your expenses, consider creating a budget or bill tracker on Microsoft Excel or Google Sheets or using a budget app. If you’re a hard-core gamer, merge your passion for gaming and your financial quests by creating an Ugami account.

Ugami allows users to manage their personal finances and earn rewards for everyday purchases that can be redeemed for gaming goods and experiences in the Ugami Store, thus letting you save as you play!     

5. Unleash Your Inner Competitor 

It’s true that in life, you are your only competition. However, what’s more, motivating than having bragging rights as the best financial manager amongst your friends and family?

Turn budgeting into a real-life game by competing with your family and friends to see who can stick to their budget the best or complete their goals the fastest. Ugami will even help your competitive endeavors through the Ugami referral program, which rewards users for referring friends and family members to Ugami!

Start Gamifying Your Finances with Ugami

We know budgeting may seem daunting, but it can become an enjoyable and rewarding experience with the right tools and mindset.

And with the Ugami App, managing your finances can be even more fun! For every dollar you spend using your Ugami Card, you will earn Ugipoints. These rewards can then be later redeemed for gaming-related goodies in the Ugami Store, like gaming chairs, video games, consoles, and more. With Ugami, you can save money while indulging in your gaming passion.

Why not give Ugami a try and level up your financial game today? Get the App and start completing your financial quests!

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