Saving Money Only SEEMS Impossible

There are millions of working families living paycheck to paycheck. It seems as if they don’t have enough money to pay the bills that need to be paid each month and can only dream of retiring now. While most experts say the key to getting out of debt is to save along with paying off debts, most find doing those things aren’t as easy as saying. Although it seems tough, saving money only seems impossible.

Saving money is something that most don’t realize should and can be done automatically. Most people spend every dime they receive when they are paid from their job. While this is something that is easy to do, saving money in each paycheck is even easier. It takes adjustments and determination to make these changes permanent and possible.

The Savings Trick

One of the easiest ways to save money is to do it automatically. This is something that many don’t think is possible because they “need” their paycheck to take care of their household and bills. Although it seems hard, those that save automatically find it’s easy to do and adjust to.

Direct Deposit: Those that have direct deposit for their payroll check love to wake up and see their money has been deposited into their banking account. For those that have direct deposit, having a certain amount of money directly deposited into a savings account is just as easy. Most companies will allow their employees to have multiple bank accounts listed on their direct deposit form. Those determined to save can add their savings account information to their direct deposit form with a certain amount or percentage to be deposited.

Automatic Withdrawal: For those that don’t have direct deposit but have a bank account, automatic withdrawals are available as well. People that want to have automatic withdrawals have to speak with their bank and make arrangements for a certain amount of money to be taken out of their account on a certain day, deposit day is always best, and placed into a savings account.

Pay in Cash: It is easy to get carried away when sliding a debit or credit card to pay for purchases. Instead of paying with a card, those that want to save money should take a certain amount of money from their account and pay for everything in cash. Those that do that often find themselves not wanting to let go of the money they have in their hand to pay for things they don’t really want or need.

Create a Concrete Goal: Having a definite goal in mind is something that will always help people save money. These goals will keep savers focused on the bigger picture and not on the smaller, immediate wants and desires. Setting a goal and having a daily reminder of it will help develop the habit of automatically saving towards something.

Saving money seems hard when there are additional steps included. There are many ways to save but those that save automatically often save more and learn to adjust to a smaller paycheck. 

Jul. 1 14'
Finlaly! This is just what I was looking for.
Jul. 7 15'

Nani

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