Pay Yourself First - It Adds Up!

We all know how hard it is to put money aside and save when the bills are due and debts are hanging over our heads. We tell ourselves that once we have a bit more money or get that raise, then we'll save some money.

The sad truth is that mostly it never works out that way. There is hope however! What you need to do is develop a new habit. The idea is not to try to squeeze yourself to save a huge amount every paycheck. This will never work because it's too hard to do all at once. The idea is to begin by putting aside a small amount consistently so that it develops into a habit. For example, every pay take $10 and put it into a separate account. Or you can pay yourself on a weekly basis if you prefer.

Tip:

ING is a good place to save your money because there are no service fees and they pay much higher interest rates than other banks. (See my post below on making $260)

Continue to do this for a few months until you feel comfortable then increase the amount gradually. Over time it will become second nature and you'll have some cash left over for a rainy day, investments or a vacation.