We've all heard it before. Pay yourself first. Pay yourself at minimum 10% of your pay cheque. It's easier said then done. I think often times we pay all of our bills first, then whatever is left over we try to save, but then end up spending those funds on other things like clothes, food, or whatever else pleases us. Then before you know it, poof, it's gone and we have no actual savings.
It'd be pretty interesting to know the stats of how many people actually pay themselves first?
I'm going to start with $350 and I hope to raise my minimum over time. It's all about trying to create a habit and thinking long-term.
On another note, I got a notice from Tangerine and they've deposited an extra $50 into my account. Pretty cool for only having to open up an account with them. You will have till March 31, 2015 to qualify for their money bonus of $50 for opening up an account, and $25 for setting up an automatic savings plan with them for a minimum of 6 months.
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