How to save money and not even notice it. Simple and fast read

in #money7 years ago (edited)

Saving money for most people seems like an impossible task, especially when most people live paycheck to paycheck. Have you noticed that the more you seem to make the more you seem to spend. Say you got an extra $25 bonus at work added to your paycheck for 1 week. It seems like that $25 would find a way to spend it self, and you wouldn't even notice it. Now the opposite is true as well. Say you made $25 less that week, you probably wouldn't notice that as well, because mentally and even subconsciously you would find a way to budget within the means of that particular paycheck.

So the key here is to save money without even noticing it. So how do we do it? It quite simple.

  1. Open up a second bank account

  2. Say you get paid every Friday, so you would set up an automatic transfer from your main account to this secondary account of a certain dollar amount that you are comfortable with. It can be $10, $25, $50, what ever you are comfortable with.

    They key in the beginning is not the amount of the transfer, but the consistency. It has to be automatic and every pay period. You will be surprised at how effective this method is, and then slowly you can up that amount. Say you do $50 every pay period. Well after one year that's $1300 in your account with very little effort. Go ahead and treat your self to a vacation , buy the kids something or keep up the savings routine.
    I hope this small piece of advise will help you on your journey to save money. Stay tuned for more posts on what to do with that money to make it grow.
    share your ideas or story by commenting below. and please follow me, Thank you
    saving money.jpg

Sort:  

Congratulations @learn2earn! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

This post has received a 2.06% upvote from thanks to: @learn2earn.
For more information, click here!!!!
Send minimum 0.100 SBD to bid for votes.


The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
ROI Calculator for Investors click here!!!

This post has received a 1.95 % upvote, thanks to: @learn2earn.

This post has received a 7.31% upvote from @lovejuice thanks to @learn2earn. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

You got a 25.00% upvote from @whalebuilder courtesy of @learn2earn. Let your SP earn for you... Deligate it to @whalebuilder by clicking on one of the ready to delegate links: 50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | custom amount.

Coin Marketplace

STEEM 0.36
TRX 0.26
JST 0.039
BTC 95204.76
ETH 3397.86
USDT 1.00
SBD 3.61