Paying another bill – Your Savings Account

Thats right! You should treat your savings account like any old bill.

What does that mean?

Well imagine if you could get yourself into the mindset that saving money was like paying a phone bill, it is not something you have the option of doing – you must do it! Genius!

Regular Savings Plan

So why not start a regular savings plan and look at it as a bill to pay each month with the rest of them, sit down come pay day and deposit the $100 or $200 you have budgeted directly into your nest egg account and write it off as money you cannot get back.

I personally use this method for growing my savings rapidly, in fact I get the company I work for to split my pay directly on pay day, 80% goes to my everyday account while 20% is deposited directly into my high interest bank account. Doing this I don’t even notice the missing dollars.

This used to scare me a little bit in the past, the idea of not having all my money in my everyday account each pay day – could I really live without that $100-$200? The answer was YES, I have been doing this for over 1 year now and my savings account is really starting to look nice – logging in to check the balance is even fun as I get to see the number rapidly growing!

This is such a simple tip for saving money that I think everyone who has ambitions to start saving money should really give it a shot.

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