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Owner and President of Paramount Financial Services, Inc.
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Founder of The Corcoran Group and real estate contributor...
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I've found the easiest way to have more money is by saving it in an account that I "forget" about. My mom always told me to do this but I didn't believe her!
I have some cash automatically deducted from my account and it goes to a separate bank from my regular checking account. Every couple of months I remember that I have it and I'm thrilled by how much I saved without even knowing I did it.
| "Ariane is a new voice who can inspire and inform all of us going through change, whether it be big or small, professional or personal. The First 30 Days will encourage people going through change to go from being fearful and alone to feeling optimistic and transformed."— David Bach, New York Times best-seller | "Since change is the only constant in life, it helps to have an expert navigate through the ups and downs of life. The First 30 Days is an excellent guide."— Deepak Chopra, New York Times best-seller | "Essential reading for anyone going through a change. I loved it!"— Wayne Dyer, New York Times best-seller |
This is a brilliant idea I use it myself, in some countries there high interest online only accounts available with no fees that accept direct deposits from your wages.
The part about the separate checking account is the best idea : )
Right now I have a little bit of money taken out of my checking and put into my savings, but because it's at the same bank I frequently find myself dipping into the savings like I've found money ... bad strategy.
I've also read it's a good idea to have two checking accounts because you can take advantage of special offers at both banks.
Thanks for sharing that!