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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.

- Submitted by BEEZLES 4/6/2010 in Saving Money | 6 Comments
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ECASPERS 4/7/2010 8:19:00 AM

    This strategy has worked well for me. Don't see it - don't spend it.
JOYCHAIRDANCER 4/7/2010 3:32:00 AM

    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.
DAHLINGZ 4/6/2010 10:52:00 PM

    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!
DAHLINGZ 4/6/2010 10:52:00 PM

    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!
DAHLINGZ 4/6/2010 10:50:00 PM

    This works so well. I save money forget about, but always have a cushion.
SCIFIREADER 4/6/2010 8:40:00 PM

    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

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