Save, Hard To Do Or Is It?
Save, hard to do or is it? So many Americans have dealt with this issue. Rather than put some money away every week, they take the bulk of their weekly or bi-weekly check and spend it on “stuff”. I would challenge anyone to write down what they spend their money on each week, make sure that you don’t take into account your . It is almost impossible to remember what you spent your money on, but you realize that you have no money and have nothing to show for it. This is a brutal wake up call. I wished that I had learned this at a younger age. Instead, I started to learn this in my twenty’s. I have had a job since I was fifteen. Now, do you think that I have a single penny from when I was a teen, Nope! This aggravates me when I think about it.
Now, I have figured out a plan that works for me at this point in my life. This may or may not work for you. What I do is I take and add up my bills and then I divide by 4.3 ( this is about how many weeks are in a month). I take that number and compare it to my weekly earnings. Now I take a number that I am comfortable with putting in savings and add 15 percent to it. When I first started to do this, I felt that I had absolutely no money, that was just the opposite. I had money, but I just wasn’t spending it. As time went on, I was able to live with on the little “pocket money” that I had. You would be amazed how you can stretch your money. Every once and a while, I would take a peak at the account online and see what the balance was and I would have a little party in my head. It feels good to save money! There is no way around it!
One way that you save money if you have a hard time disciplining your self is to have direct deposit. What I do is I take that amount that I have allotted to save and have that money be deducted from my pay check and automatically deposited into a savings account. I don’t even see that money at all. You know the old saying, “Outta sight, Outta mind!” That is exactly what happens.
Not everything that I said is going to directly mold to your specific life, but these are basic principles that I have lived by and have treated me well. Just remember folks, when it comes to saving, discipline is the main key. This fundamental key of discipline will carry on with you. It will create good habits that will stay with you for life. It will most certainly give you a solid advantage to stray clear from getting into bad credit. Always keep your eye on the prize. Once you see the fruits of your labor, you will most certainly satisfied.