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Automate savings to ensure consistency from "summary" of Set for Life by Scott Trench
Automating your savings is a critical step in the journey to financial independence. By setting up automatic transfers from your checking account to your savings account or investment accounts, you remove the temptation to spend that money elsewhere. Consistency is key when it comes to saving money, and automating your savings ensures that you consistently set aside a portion of your income for the future. When you manually transfer money into your savings account, it's easy to skip a month or forget altogether. By automating this process, you take the decision-making out of the equation and make saving a priority. This consistency will help y...
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