Sometimes a dollar bill has an uncanny ability to burn a hole in your pocket.
I've noticed that having a budget which allocates every dollar that hits my accounts has made saving an easier task.
First off, my 401k and Health Savings Account deposits are taken out of my payroll. There's no easier savings than forced savings. My first suggestion would be to open a savings account and talk to your payroll administrator about establishing a direct deposit from your paycheck that will fund this account. You can't spend it if you don't have it.
Having two checking accounts now, I've found it's easier to separate the funds that I dedicate towards general weekly spending (groceries, gas, and a bit for misc spending) from the funds that I use to pay off debt. Using this method, it limits the amount of free cash that I have. Again, if it's not there, I won't spend it.
This is all made possible with an emergency fund. If something was to come up, that can be utilized.
Make a budget. Use forced savings. Limit the amount of free cash you have on hand. Stay to the task.
Have a great week.
I've noticed that having a budget which allocates every dollar that hits my accounts has made saving an easier task.
First off, my 401k and Health Savings Account deposits are taken out of my payroll. There's no easier savings than forced savings. My first suggestion would be to open a savings account and talk to your payroll administrator about establishing a direct deposit from your paycheck that will fund this account. You can't spend it if you don't have it.
Having two checking accounts now, I've found it's easier to separate the funds that I dedicate towards general weekly spending (groceries, gas, and a bit for misc spending) from the funds that I use to pay off debt. Using this method, it limits the amount of free cash that I have. Again, if it's not there, I won't spend it.
This is all made possible with an emergency fund. If something was to come up, that can be utilized.
Make a budget. Use forced savings. Limit the amount of free cash you have on hand. Stay to the task.
Have a great week.
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