Posted by on 01.05.17
This year, it's going to be different. At the end of 2017, you really will have some money stashed away for your emergency fund, your retirement, your kid's college education and that elusive worldwide vacation.
But to do that, you're going to need to be an extreme saver. And if you're really going to pull it off this time, you need to act fast and start some new habits. Because as January continues to unfold, you risk forgetting about your vow to save money. You'll be too distracted by the car tire that went flat. You'll be thinking about your kid's D in math. You'll be consumed by what's on the news or whatever those Real Housewives are doing on TV.
Seriously, if you're going to really do this, here's what everyone in the know says you need to do. Now.
Treat your savings funds like any other bill. You wouldn't fall behind on your mortgage, would you? (Well, it happens, but you wouldn't do it lightly or on purpose.)
You need that same mentality with your savings, says Andy Yadro, a financial advisor with Googins Advisors in Madison, Wisconsin.
“Treat savings like any other line-item expense on your budget,” he advises. “If you view savings the same way as your electric bill, for example, it no longer becomes something you can do, but something you must do. The best savers have this mentality and it absolutely works.”
Article By Geoff Williams: http://money.usnews.com/money/