1. Set up an auto deposit from your checking account to your savings account with your bank online. If you get paid on the 1st and the 15th set your auto deposit for the 2nd and the 16th so you don’t have time to spend your money.
2. If you put it into savings, don’t take it out. It can get to be a habit. Your savings account can only increase, even by just a little.
3. Keep your money in an online savings account. They usually pay more interest than your standard savings account.
4. Treat your savings account like a utility bill, make a payment every month.
5.Log into your savings account and see your progress to keep you motivated.
6. Create separate accounts for emergency savings and regular savings. The emergency fund should have 3-5 months of living expenses and is never to be touched.



2 Responses
Whenever I get paid I transfer a hundred dollars into saving, take out a couple hundred cash for me to spend, and leave the rest for all the bills.
I like to use a bucket savings method. This allows you to match your budget to your savings strategy and goal.
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