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In this episode, we talk about ways to make growing your savings a priority while keeping it painless and nearly invisible!
Too often, people tend to make savings a low priority or an afterthought behind paying bills, giving money away and spending on non-essentials like restaurants and clubs!
The best way to make sure you are saving is to not only treat your savings account as a BILL that HAS to be paid every paycheck but also treat it as the most important bill you have!
There are methods and tools that can help by making sure your savings is the first thing that comes out of every paycheck on every pay day so that you don't "miss" the money. We've learned that people will adjust their spending to the amount of money that they actually see.
And you help your future self if you put away money before you see it!
By Ken and DavidIn this episode, we talk about ways to make growing your savings a priority while keeping it painless and nearly invisible!
Too often, people tend to make savings a low priority or an afterthought behind paying bills, giving money away and spending on non-essentials like restaurants and clubs!
The best way to make sure you are saving is to not only treat your savings account as a BILL that HAS to be paid every paycheck but also treat it as the most important bill you have!
There are methods and tools that can help by making sure your savings is the first thing that comes out of every paycheck on every pay day so that you don't "miss" the money. We've learned that people will adjust their spending to the amount of money that they actually see.
And you help your future self if you put away money before you see it!