IF YOU DON’T SEE IT, THEN YOU WON’T MISS IT.
That’s easier said than done, right? You’ve figured out your budget and you’ve set your goals, so now it’s time for a savings strategy. One way to save is to do it automatically. Save automatically either weekly, bi-weekly, or monthly: however often you get paid. Then simply transfer how much you want to save from your checking to your savings. If you don’t see it, you won’t miss it.
KEEPING ON TARGET
You’ve already gotten one idea for your savings strategy, but what else can you do? Use cash vs. credit. Many of us spend too much on a monthly basis because we don’t see the numbers adding up when using credit cards. Instead, decide on a specific amount of cash at the beginning of the week for expenses. When it’s gone, it’s gone.