Direct Deposit Into Your Savings To Trick Yourself Into Spending Less

Youve probably heard the phrasepay yourself first.

you’re able to take this a step further by direct depositing your paycheck into your savings account.

Set the accounts up so that you’re free to transfer money in between the two accounts.

Only transfer the amount you have allotted in your budget to spend to checking.

I like this method, because it makes the wholepay yourself firstthing a lot easier.

As Reed says, it makes saving your default.

Its an especially clever option if your income varies.

You avoid the urge to spend by only allocating what youve budgeted for in your checking account.

For more detail, check out Reeds full post.

6 New Behavioral Strategies to Curb Your Spending in 2012| InvestingAnswers viaBusiness Insider

Photo byKen Teegardin.