Did you ever hide a $20 bill in a book only to find it a few years later? Did you miss that $20? Were you happy when you found it? If you're like most folks, you didn't miss the money, but you were ecstatic to find it, which is why paying yourself first is one of the easiest and most powerful ways to master your money.
Most people hate to disturb money once it's stashed
in savings. You won't miss cash
if you can get it into savings
before you realize you have it.
Say you buy a car and make a $300-a-month
car payment. When the car loan
is paid off and that car is still
chugging along, start plunking
that $300 in your savings account.
You've been living for four years
without that $300 a month. Now,
you can benefit from the money,
instead of the lender.
Payroll
deductions are the perfect
solution to painless saving. You
tell your employer to deduct money
from your paycheck and deposit
it in your account. You learn
to live on the amount you get
from your paycheck while your
savings balance grows.
