SPLIT YOUR DIRECT DEPOSIT
If saving money overwhelms you, maybe it’s time to try a new approach.
“Trick yourself to be lazy when it comes to savings,” says Dan Andrews, a certified financial planner at WellRounded Success in the Denver area.
In other words, make saving more automatic.
Checking and savings accounts offer tools that can aid in building wealth without much effort. Change up your banking with these tricks.
If you’re tempted to skip saving money right after payday, this strategy might be useful. Instead of a direct deposit into one account, you can have income go straight to two or more accounts. This lets you separate your spending money from your savings right away.
This strategy won’t work for everyone.