Now, you can have all the knowledge in the world about the
above listed plans, but if you don’t have a plan for actually saving money,
then no amount of information is going to help.
The first step to actually making savings a normal part of
your life is to treat it as a monthly expense.
Just as you do with your car payment, mortgage, or even cable bill, plan
your savings as a bill. And just as you
should with an expense, make it an expense that you can afford.
Secondly, make your savings plan something you are proud
of. While so many people might see this
as common sense, it is not! Most people
buy a car because they are proud of its appearance, or a home because of its
location. Well, putting money aside in
stocks, savings bonds, or even just a savings account should be viewed as
creating assets—assets for the future.