Creative Problem Solving for Saving Money as a Student

Creative Problem Solving
Content
s_Toc3052887
Introduction..........................................................................................................................1
Problem Statement...............................................................................................................1
Challenge Statement............................................................................................................1
Divergent Tools...................................................................................................................2
“Stick ‘Em Up” Brainstorming.......................................................................................2
Forced Connection..........................................................................................................4
Convergent Tool..................................................................................................................6
Targeting..........................................................................................................................6
POINT..............................................................................................................................7
Conclusion...........................................................................................................................9

Creative Problem Solving
Introduction
Creative Problem Solving is a technique that is used for generating effective ideas
that can help both personally and professionally. Due to the current needs of attaining
better quality, it is crucial to include creativity in the problem-solving method. Thus, this
can be determined that creative problem solving is a method that is used to address a
problem or challenge with the help of a creative way. The reason that makes the solution
creative is due to the fact that it is not obvious. In this assignment, the main objective is
to learn the application of a different creative problem-solving tool for the identified
problem. There are two types of creative problem-solving tool, which are a divergent tool
and a convergent tool. Both of these tools help in solving a problem in a different way
and the approaches of both these tools are completely different.
Problem Statement
I am a student, who loves traveling. So, I want to save money for my future and
want to start from today. For my initial savings, I have decided on a deadline, which is,
by the end of 2019. I have a habit of spending money on worthless things, thus, this will
be a very difficult task for me.
Challenge Statement
In the current world of inflation and the increase in the living standards of people,
the expenses of each and every person are increasing at a rapid speed. Thus, sticking to a
budget to save money has become very difficult. Also, it is crucial to saving money as it
can become very useful during the time of emergency. Saving money is also very

Creative Problem Solving
important for students. The habit of saving money should be inculcated from an early
stage, but it can be undertaken any time.
Divergent Tools
For treating a problem, it is important to formulate a number of different options,
which can be taken into consideration for addressing the problem. This is known as
divergent thinking, the process of availing and finding a number of options to a particular
problem. Thus, it is crucial that to solve the problem of saving money various different
aspects should be taken into consideration and an effective brainstorming should be
practiced. The most effective practice during the divergent thinking stage is
brainstorming.
“Stick ‘Em Up” Brainstorming
In the process of stick ‘em up brainstorming, various different ideas are formulated,
analyzed and evaluated, by writing the various different options or ideas on a sticky note
and these options are examined to build new ideas or use the earlier ones to address the
problem. This is a speedy process in which a person needs to analyze the minute aspects
too, which can help in solving a problem. This process involves only clustering of
different ideas into various different categories, also the activities like discussion and
judgment are not a part of this process. At the end of this process, it is crucial to
finalizing a list of ideas that can be taken into consideration for solving the problem.
For addressing the problem of saving money, there are a number of aspects on which
ideas have to be brainstormed. They are –

Creative Problem Solving
 Firstly, it is important that a person should analyze their daily routine and identify
the different aspects on which they spend money in a day to day basis. It is crucial
that the person should categorize these expenses into two categories important
and waste. Also, mention the number of times they spend money on different
activities in a day for both important and waste expenses.
 Secondly, it is also crucial that the person makes a separate list of expenses that
include the different things on which they spend the most and it would be a most
difficult task to cut down on such expenses. For example, if a person has a fetish
for shoes and passing a shoe shop without buying a pair is the most difficult thing
to do, then it is crucial that this habit should be tackled in a creative way.
 Thirdly, it is very crucial to make a weekly and a monthly target for saving. This
will help more in the brainstorming process. Also, it is crucial that as the saving
has to be conducted till the end of 2019, deciding a target is very crucial.
 Lastly, all these sticky notes should be stuck in front of the person on a wall or a
board and should be properly categorized into different activities.
The process of stick ‘em up brainstorming is an effective approach as it is flexible
and convenient tool, as every option is evaluated before being implemented. It is due to
this reason that this option works immensely well as there is an availability of different
options, which have been formulated by paying attention to details. For example, money-
saving requires consideration of different aspects and the process of brainstorming helps
in it, by focusing on each and every one of it. I would not have done anything differently,
as this approach covers the smallest aspects, which increases the efficiency level of this
tool. Some of the aspects that should be taken into consideration are –