3) Automate Your Savings
Here’s a way to set it and forget it. Once you have your budget planned and determine a starting point of how much to save, automate it. It’s easy to either forget to set aside savings, or be tempted to spend it instead. By automating a certain amount each month, you’re assured your savings goal is being met. Then you don’t have to worry about it. If you have a job that has a 401k Savings Plan available, take advantage of it. Ask your employer if they contribute matching funds. This means, once you put a certain amount in, your employer will contribute that same amount. Basically, this adds up to free money and doubles your savings with interest. If you don’t have an employment situation that offers this, there are other options available. If you need assistance, seek the advice of a financial planner.