I "pay" myself at the beginning of each month before anything else gets paid. This amount goes into a savings acct. I also take advantage of my banks Xmas club accts. There's something about having that "payment book" that makes it harder to not save.
I started out "paying" myself 1% of my monthly gross income. I now "pay" myself much more than that each month because I have become much better at budgeting.
Please note these are member-submitted secrets and are not reviewed by SparkPeople's health experts for accuracy. If you feel a secret is inappropriate, please click Report Inappropriate Secret and our staff will review it.
SparkPeople advertisers help keep the site free! Learn more
I had always paid my bills and had excellent credit... the only missing piece was a savings account. I have now been paying myself first and the money is accumulating. It has already helped us pay for necessities that came up unexpectedly....213
SparkPeople, SparkCoach, SparkPages, SparkPoints, SparkTeams, SparkDiet, SparkAmerica, SparkRecipes, DailySpark, and other marks are trademarks of SparkPeople, Inc. All Rights Reserved.
SPARKPEOPLE is a registered trademark of SparkPeople, Inc. in the United States, European Union, Canada, and Australia. All rights reserved.