Pay yourself First to Save Money
Pay yourself first to save money means think about taking care of you before something can happen.
Keep yourself health is the first step to saving money and your payment to you. There are many ways to staying healthy and taking care of you.
Stay on a good diet by staying away from fast food. Eating a lot of fast food is expensive and you don’t get the nourishment from fast food that you get from eating the right foods. Fast foods are high in calories and cholesterol, which are both bad for the heart and could cause you to have a stroke.
Get a lot of exercise to keep you healthy and save money by being in good health. Exercise will help to relieve stress, keeps your blood circulation flowing more freely, help prevents strokes and exercise will help the mind and body to relax more. Exercise for you will save money by helping to keep the doctor away.
Take care and save by taking long walks on a daily basis. Walking relieves stress, depression, anxiety; helps prevent strokes and heart disease. Walking is cheap only costing you maybe an hour a day from your busy schedule. Pay yourself for the things you’ve neglected to do for you alone by exercising.
Save money by paying yourself first when you are less stress. Stress can cause a lot of health problems causing strokes, heart diseases and mental problems as well. Stress is the most common reason for illness. Chronic depression is a large result of stress. Relieve some of the stress by exercise and eating right in paying yourself first to same money.
Communicating with others, can help pay you fist by letting you forget and relieve some stress. You be taking time out to enjoy people around you letting you do something besides thinking what wasn’t done on that day, to do list. Communication can give you a chance to know and learn what is happening out there in the world that is surrounding you. You can learn new skills on how other people pay themselves to save money, by just listening to them talk.
Paying yourself first will save you a lot of stress, keep you healthier, boost up your communication skills, and it can give you the confidence you didn’t know you had or was capable of having.
When a person pays himself or herself, first they can save money by not having to make trips to the doctor, do and buy things they don’t really need or want. So taking care of you is the first and most effective way to save money.
Martin Lukac
http://www.articlesbase.com/finance-articles/pay-yourself-first-to-save-money-107104.html
What special routine or tricks do you do to get yourself to save money?
I know some people have special ways to save money….what is yours? Also, how do you get yourself not to touch the money you saved? I need to start saving money…but I have a hard time keeping it in the savings! What motivates you to save?
Goals motivate and give a reason for saving. I set short-term (ie. trip to Europe next year) and long-term goals (retire at age 60). Have a plan for savings. I used to have a portion of my pay check deposited into a credit union savings account. It was very easy to save if it was automatic. Now, before I pay my bills, I make a monthly deposit into savings. If you have an IRA sometimes you can set up an automatic withdraw from checking account to IRA.
I hope this helps.
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For me personally I have to compartmentalize everything, I can’t say I have $100 in account "A" for bills and fun. So I have 6 accounts with my bank for the following
1) Bills
2) Money to transfer to brokerage
3) Gift Savings
4) Long term Savings
5) Entertainment savings
6) Fun money for the week
It may seem ridiculous but it works for me, especially having all my fun money in one place so I know exactly how much I can spend at any given time.
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Find a low fee money market account with automatic deductions from your bank account.
I used to contribute $200 a month and scheduled it as I schedule other bills. Regretfully, thanks to Congress and the law raising minimum payments, I can’t do it for now.
You need to "pay yourself" just like any other bill.
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I use the credit union at work. They take money right out of your pay. As little as $5 a week. So you don’t really miss it. Outta sight outta mind. Their locations aren’t usually nearby ,which makes it a little harder to get to.Therefore easier to save.
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goals and a budget = you stay on the budget and make your goals and you will form a habit that will make you very happy!!!
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Automatic Withdrawls.
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Just open a savings account and treat it like a bill and make payments every month. My wife and I have been doing it for 35 years.
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