Here’s the simple system that makes saving money feel effortless.
Transcript:
JEAN CHATZKY: The only way to save money over the long term is to not ask yourself to do it over and over again. Human beings are impulse creatures. We we prefer to spend rather than save. It feels better to to our lizard brains. And so the only way to successfully build savings is to do it automatically. And that means if you work for an employer, that will split your paycheck and funnel some of the money into a savings account, do that. If you don’t work for that kind of employer, do it yourself. You know when your paycheck is going to land.
Make sure that some of that money is being siphoned off and put in a separate account. Separate is really important because you don’t want to see it. Every time you look at your spending account, make sure you siphon it off, put it in that separate account, put it into a place where it’s going to earn the highest rate of safe interest and just keep going. I think it’s important as you’re building these savings to visit. I know that sounds ridiculous, but to to visit the savings every once in a while, I think. I think you have to pat yourself on the back a bit. You have to show yourself that you’re actually doing the work, that you’re doing a good job, and that will just like you see, pounds rolling off the scale, and that inspires you to stay on the diet. If you’re on a diet, this will inspire you to keep saving because you’ll see that you can actually save.
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