Easy to Save, Hard to Spend
Here is a tip to help to make it easy to save money. Set up a savings account at a local bank that is different than your current bank. Then set up an allotment through MyPay to have a monthly savings amount deposited into your new account. Decline to have an ATM card and do not set up an online account.
This will make saving your money automatic. If you want to spend your savings, you will need to physically go to the bank during business hours and withdraw the money. By having this extra step, you may look for alternative ways of paying without using your savings, or you may decide you don’t want to buy whatever it was by the time you get to the bank.
Use this strategy to save for a car or a house to prevent yourself from spending a little here and a little there.