So often, the question is asked, ‘How are you going to spend it?’ when we should ask, ‘How are you going to save it?’ People with a plan for saving will save, and those that don’t typically don’t.
So, before you even get that paycheck while you are dedicating your precious time and energy to earn that money, you should already have a savings plan. Whether it’s a predesignated percentage or amount from each check, be sure to set it aside.
The easiest way is to have your employer split your direct deposit into two accounts. If you get tips, you could save those and try to live on your paycheck alone or vice versa.
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