Secrets of Success

Set Up Automatic Savings Plans

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Set up a savings account that allows automatic savings plans (ex: ING). Set a certain amount of money to transfer to your savings the day after every payday. If it's not in your checking account, it's not as tempting to spend it. It may help to have a goal (next house, car, etc.) for your savings.

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Member Comments

  • This strategy has worked well for me. Don't see it - don't spend it. - by ECASPERS
  • I do this too. I started out thinking I couldn't afford it, but then I found this small amount a month that I COULD afford to save, and I have since been able to increase it to closer to what I want it to be. - by JOYCHAIRDANCER
  • I meant that I forget about my extra savings because it's automatic and I don't have that account linked to a checking account or on-line access. But it's great to know it's there! - by DAHLINGZ
  • I meant that I forget about my extra savings because it's automatic and I don't have that account linked to a checking account or on-line access. But it's great to know it's there! - by DAHLINGZ
  • This works so well. I save money forget about, but always have a cushion. - by DAHLINGZ
  • I have been doing this for years. When I get a raise at work I increase my savings deductions also. I like having that nest egg there - by SCIFIREADER

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