Pay Yourself First.
Savings should be your priority, so don’t just tell yourself that you are going to save whatever is left over at the end of the month.
Make it a rule to deposit savings into an account as soon as you get paid. An easy, effective way to start saving is to simply deposit 10% of every paycheck in a savings account.
For instance if your paycheck is 710.00, deposit 71.00 of that
directly to your savings account. If your check is automatically
deposited you can set it up through your bank so that a specific
amount goes directly to savings. This works well and requires little thought; over several years, you've a tidy sum in savings. Over
decades, you'll be a millionaire.
Harvey Akeson
harvey@harveyakeson.com
http://A1MoneySaver.blogspot.com
EXTRA TIP
Keep paying bills, but into your own savings account.
Let's say you paid off a debt, credit card, auto loan, furniture...
Keep making the payments, into your savings account.
Check around for higher interest Certificates of Deposit,
free banking possibly with direct deposit.
A Penny Saved is a Penny Earned....well not really unless you plan out a steady investment plan and then don't spend it all on investing. Here is a really Low Cost Monthly investment tool, that allows you to invest in small amounts on a regular basis and reinvests the earnings for you automatically.
