Savings Creator #1 : Pay Yourself First


Have you ever woke up early one day and all of a sudden, you wanted to do everything that you have been holding off before? Well today is one of those days to me. If it ever happen to you, why not we talk about how to generate savings to fill the special day in.

Savings Creator #1 : Pay Yourself First

Notice that at the end of every month, there will be no money left to be saved? You tried as much as possible but the spending is still on par, if not exceeding, with your income. Don’t worry, this happens almost to everyone. What you should do instead, the time you clear your paycheck, deduct RM10, or RM50 or whatever amount that you want to your savings account. The secret is to pay yourself first. At the end of the month, you won’t probably notice that you have a reduced monthly spending and additional amount in your account.

Opss.. I know we are all excited to know the next step but I have to stop here. Why? We all love to read and read or maybe fantasize doing it. Let’s put all the excitement into real world. Promise me that you will do this for June salary. I know I should write this earlier as we were already get paid. Well, keep one of the excuses behind and take out some of your remaining salary into your saving. Break that habit pattern and change yourself now.

[via ricedelman]

  1. #1 by kaklong on August 1, 2007 - 5:03 am

    This is quite unique. Good advice! By the way, you’ve been selected to receive Schmooze Award! Visit http://www.kaklong.net/?p=293 ..now it’s your turn to pass the award =)

  2. #2 by Khoboonhua on January 24, 2011 - 6:09 pm

    yes im agree with it…. coz i got fren with high salary but cant save d money for emergency use or invest..==

  3. #3 by aina on June 1, 2011 - 5:27 am

    bru trjmpa article ni..huhu~~n’way start to generate savings¬†now..tq3 ^-^

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