If you are like most people, saving money is hard. After all the bills are paid, there's not much if any money left to put into savings. May I suggest you're doing this money stuff backwards? See, savings should be the second thing you do with your money. (The first is giving back to God for what he's already given you.)
I've found the easiest way to save is to have an amount automatically withdrawn from my paycheck before I ever get it. If your employer offers direct deposit, they have the ability to direct your paycheck into more than one account. So you could have $x dollars from each pay go into a savings account and the balance go into your checking account.
If your employer does not direct deposit into multiple accounts, no worries, you can setup an recurring automatic transfer from your checking account to a savings account on your own. Set it up one time and it will occur automatically after that.
Try it for three pays or three months even if it's only $5 at a time. I'm betting you'll adjust with no problem and before you know it, you'll start to accumulate some savings and we can all use some of that in our lives.
Tuesday, February 03, 2009
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