Both comments are spot on, but there is more to this story. Lets take a look and recap what Alex and Katherine stated.
Saving money is relatively easy when you are not materialistic (define who you are by the stuff you own), organized (set up automatic investments that pay yourself first), when you have goals (linking your savings to something specific will keep you motivated over long stretches of time), and maybe most importantly, saving money is relatively easy when you make it a high priority in your life. You tell yourself, I will pay myself first and spend what is left. You have taken control over YOUR financial life. Believe it. More importantly, believe in YOU!
You pay yourself first.
you set it up so that funds will transfer to your checking or savings account automatically when you get paid.
Both comments are spot on, but there is more to this story. Lets take a look and recap what Alex and Katherine stated.
Saving money is relatively easy when you are not materialistic (define who you are by the stuff you own), organized (set up automatic investments that pay yourself first), when you have goals (linking your savings to something specific will keep you motivated over long stretches of time), and maybe most importantly, saving money is relatively easy when you make it a high priority in your life. You tell yourself, I will pay myself first and spend what is left. You have taken control over YOUR financial life. Believe it. More importantly, believe in YOU!