how can I cultivate a healthy saving habit?
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how can I cultivate a healthy saving habit?
The single best way to begin saving money is to use a technique called “pay yourself first.” This technique has been proven time and again to influence people to change their behavior.
Simply put, it’s establishing the discipline to put a certain amount of every paycheck into savings for your future before you pay any other bills. Most individuals choose a specific percentage to take out each month, like 10% for example.
The 30 day savings rule is simple: the next time you find yourself considering an impulse buy, stop yourself and think about it for 30 days. If you still want to make that purchase after those 30 days, go for it.