Automate savings to stay on track from "summary" of Let's Talk Money by Monika Halan
Automating your savings is like putting your money on autopilot. You set up standing instructions with your bank to transfer a fixed amount from your salary account to a separate savings account as soon as your salary is credited. The money moves before you can even think of spending it. It's an efficient way to ensure that you are saving regularly without having to remember to do it every month. This approach helps you stay disciplined with your savings goals. By automating the process, you remove the temptation to spend the money instead of saving it. It's a simple but powerful way to make sure that you are consistently putting money aside for your future financial needs. This method is especially useful for those who struggle with saving consistent...
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