Money Saving Tips: Pay Yourself First
This is an effortless way to save a lot of money.
There’s just one simple step:
Every time you get a paycheck, “pay yourself first”.
Before spending any money, try taking 10% of the your paycheck and put it in a savings account, or more preferably, an investment such as a Roth IRA where it can grow itself.
If 10% seems overwhelming with all of the other bills you have to pay, start saving 5% per paycheck.
When you can manage saving 5%, move up to %10 or even 20%.
By being constant with your money saving, you’ll end up saving a lot over time.
The important thing is that you’re consistently saving something each time you make money!