Planning Ahead: How To Easily Start And Maintain Savings Account

Whoever said saving money was easy? Honestly, not very many people.

But that doesn’t mean that saving money has to be brutally difficult, either.

Most who are good and financially responsible with money tell you that it’s not overly difficult but not easy, either as life and everything it brings tends to get in the way of even the most ardent and intelligent money manager.

But what this group will tell you is that they make saving money very simple, and tend not to overthink it from one day to the next, one paycheck to the next and one investment or dollar saved to the next.

They rely on budgeting, smart decision making and subsequently build their emergency fund or savings account to the point that they’ll continually have money leftover to put into that account and not have the propensity to withdraw from it on a consistent basis, if ever.

So how exactly do they make things so easy or rather simplify the process?

It starts with having a budget that they stick to and isn’t just the proverbial lip service. They write down what they spend, to the dollar, and know where their money is going at any given moment. If you’ve ever met someone who claims to have a budget and always has money missing at the end of the month, then they’re not budgeting at all. What they are doing is struggling to save because they haven’t account for all of their expenses and tend to overlook the small grocery store trips at midnight or the five cups of top notch, on the go coffee they have in a week.

Those who save also realize that this is a marathon, not a sprint, in that they don’t look at this as wanting to save $10,000 per year but instead want to look at their savings goal on a smaller scale, such as maybe wanting to save $2,000 per year given their expenses and then of course not limiting themselves to how much they can spend on things they want that aren’t needs but rather wants. No budget is going to work if you deprive yourself of everything, much the same way a diet doesn’t work when you eat celery and water all day and won’t have a piece of birthday cake, ever.

Being able to save money does take patience and persistence, but can’t be built on false hopes and unrealistic expectations. Those who save don’t say it doesn’t come with its ups and downs, but they’ll be able to weather those storms and salvage money saved almost every chance they get due to habits that have given them a light at the end of that savings tunnel.