This is incredibly easy and I might get comments about how incredibly dumb this is. But the odds that you are not doing it right now. But I challenge you to do it BEFORE you leave my site.
1. Log into your online bank account. You can access your checking and savings account online right?
2. Go to payments and set up a regularly scheduled payment to your savings account every week for some amount. $10 - $20. $50. Mine is set up for $200. S
3. Logoff.
Yes - that is it. Incredibly simple but amazingly effective. So simple that I bet you have not done it yet. You will get to it later correct? No you won’t. So do it now. If you are in tabbed browser open a new tab and do it now.
Or you can wait and regret it. Your choice… and it is a CHOICE.
[...] should ABSOLUTELY apply to your finances (and this ties in will with this previous post of mine - The number one thing you can do right now to start saving money ). When you get a paycheck and have a stack of bills it should not matter how far behind any of [...]
If only it was as easy as to just stop being poor…
I hear you brother.
I just set up an automatic transfer of $250 on the 1st and 16th. I have all my bills, plus the extra I pay every month on my CC to get rid of it, set up on AutPay, but I didn’t realize you could automate the transfer to savings. I have been telling myself for two years that there is no reason why I can’t save $500/mo… except I spend it, because it is there!! Thanks for the push in the right direction!
Congratulations and a high five to you. It sounds like you are well on your way to a completely automated financial lifestyle.