Automating your savings and investments can help you build wealth over time from "summary" of Real Life Money: the Journal by Clare Seal
Automating your savings and investments is a powerful tool when it comes to building wealth over time. By setting up regular transfers from your current account to your savings account or investment platform, you remove the temptation to spend that money elsewhere. It's a simple way to make sure you consistently put money aside for your future, without having to rely on willpower alone. When you automate your savings and investments, you make it a routine part of your financial life. Just like paying your bills or buying groceries, saving becomes a regular habit that you don't have to think about. This can be especially helpful if you struggle with impulse spending or find it difficult to stick to a budget. Having money automatically set aside before you have a chance to spend it can make a big difference in the long run. By consistently saving and investing a p...
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