Here are some ways to stop living paycheck-to-paycheck and start saving some money each month.
Sourced through Scoop.it from: www.investopedia.com
Unfortunately, I see way too many people who don’t know that they need to pay themselves first. It’s the one thing wealthy people do that sets them apart from the rest.
This article has some great ideas for getting a handle on that budget, but I know some folks who are in this predicament are dealing with a ‘need’ that prompts them to spend money when they have it because they feel like there’s a lack of money – and spending feels good.
My solution? Set up a bank account system that automatically deducts a set amount – 5, 10, 15, or 20 percent – and drops it into a separate account for savings. And then, don’t TOUCH it unless you have a big fat freakin’ emergency. Looking at that growing account will go a long way toward making someone feel like they’re in charge again.