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E-mailBy Melissa Tosetti
As you know, the Golden Rule of Personal Finance is to spend less than you make. But, how do you do it?
One technique is to strive to have left over money in your checking account at the end of each pay period. Even if it's only $5, that means you have successfully spent less than you make.
Once you get into this habit, make a game of it and try to have more and more left over at the end of each pay period. You can then transfer that money to your emergency savings account if you’re working on building that, or to something fun like your vacation savings account.
Just remember to do “something” with your leftovers. Money left in a checking account with no purpose has a tendency to disappear into the ether. Make every dollar count by giving it a purpose!
One technique is to strive to have left over money in your checking account at the end of each pay period. Even if it's only $5, that means you have successfully spent less than you make.
Once you get into this habit, make a game of it and try to have more and more left over at the end of each pay period. You can then transfer that money to your emergency savings account if you’re working on building that, or to something fun like your vacation savings account.
Just remember to do “something” with your leftovers. Money left in a checking account with no purpose has a tendency to disappear into the ether. Make every dollar count by giving it a purpose!
