DISQUS

David · 3 years ago

I couldnt agree more....we automatically put away 10% of our take home pay every time we get paid, before we can do anything stupid with it! Of course, this is in addition to retirement and the like, but its easy to just take a small amount every week and put it away. Eventually, it will add up to quite a bit without even missing it in the first place.

Terry Piatt · 3 years ago

I did that once, but then I didn't have enough money to cover all my bills. I let the utility bills slide for a few months until I started getting shutoff notices, then I took all the money I had "paid myself" and brought the utility bills current, then quit trying to pay myself first.

mapgirl · 2 years ago

I consider my 401k contribution my automatic savings, but I also automatically save a little out of each paycheck for my emergency fund too. I'd love to save 20% in the 401k and and other 10% in the emergency fund, but saving 30% of my income just doesn't work into my budget. YET.

MAKILA MOORE · 2 years ago

I GET PAID WEEKLY AND I HAVE 65 AUTOMATICALLY DEDUCTED FROM MY PAYCHECK INTO A SEPARATE SAVINGS ACCOUNT AND 15 A WEEK BEING AUTOMATICALLY DEDUCTED FROM MY CHECK THROUGH SHARE BUILDER I PRETEND THAT THE SHARE BUILDER IS A BILL AND I JUST LOOK AT THE 65 IN SAVING AS IF IT WERE NEVER THERE TO BEGIN WITH I'VE BEEN DOING THIS FOR 5 YEARS AND I NOW HAVE A LITTLE OVER 20,000 SAVED. ITS ALL A MENTAL ANOTHER GOOD TIP THAT HELPED ME IS NOT TO KEEP CHECKING YOUR BALANCE TRY TO FORGET ABOUT IT.