No matter how much people earn they still complain about not being able to save money when in fact you can save money by following a few very simple steps. The first thing you need to do is to open up a separate account. When I mean a separate account I mean a different account from where you normally get your salary, what is even better if you change the bank where you open the account so start with a new bank and new bank account.
Make sure that your new account is a savings account and you don’t apply for an atm card for this account. The reason I’m against atm cards is it makes people spend if you don’t have a card you are unlikely to pull it out every time you need money. Now every time you get your salary you transfer a fixed amount usually ten or twenty percent of your salary to this account. Over time if you don’t touch this account you will gradually have a huge savings big enough to bail you out of any crisis. You will also notice your expenses have somehow adjusted according the deduction you are making every month.
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