How I saved some money?

For years, I promised myself to save at least 10% of my income and for years I kept on slipping back to old “spend-it-all” habit. You see I truly believe in what Peter Daniels said about saving and it goes this way, "If you cannot save 20% of your income then the seed of greatness is not in you."

So I started finding ways to save money. I opened a bank account for savings and started putting money on it. I started pretty well but as I've mentioned I kept on slipping and started spending my saved money. I researched about it until I found a way to automatically deduct from my paycheck that amount and deposit it to an account that I do not have easy access to. It’s only then that I was able to ‘keep’ my promise (to myself).

It taught me one good lesson, and that is to find a way for you to eliminate the need to ‘discipline’ yourself. Automation worked for me because it eliminates my chance to make a monthly decision to save every month. The act of deciding alone already put me in so much pressure month after month. So having it automatically deducted from my paycheck even before I touched the money really helped in keeping me within the budget.

If you are an employee like me, you can arrange this with your HR or payroll officer. This will greatly impact your self-esteem and help you become a success.

Taking a sip,
Joseph Librero