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Home > Blog > 2009 > March > 26 > A Way To Save RSS RSS feed

A Way To Save

I've always had a hard time saving, and always told myself that I would start when I got my next paycheck. The plan that i had was to put away a certain percentage before I even touched the money, but I always found myself unwilling to see such a large sum of money go away.

Yesterday, I was reading some of what Ramit Sethi has to say over at IWillTeachYouToBeRich.com. While I was there I stumbled upon this article. The premise of the article is to start saving you should begin by taxing yourself on all the purchases you make. For instance if I spent $100 on groceries and and I was taxing myself %10 then I should put $10 into my savings account. This way I am saving as I spend, and it will effect my spending habits because everything will cost more than the sticker price. This should lead to lower overall spending, and increased savings.

I am actually excited about saving this way, and have already made a deposit into my savings account. The real trick will be the follow through.  Hopefully, I will be able to!

 What are some of the ways that you all save?

Categories: Budgeting | Savings | Tips

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