Saving and properly managing our money requires constancy and effort. This is the general conception of personal finances which, however, is only true because it is based on willpower and as everything to do with it, involves work and some sacrifice, which makes it feasible to fail.
It is precisely this component of willpower that most diets that fail to change eating habits. To achieve this change in the management of your money accounts with a very powerful tool: the automatic savings.
And what does automating your personal finances consist of? Basically, you make saving something mechanical inside your cash flows and you do it before you can even spend the money. The practical translation is that you go to your bank and order every month a periodic and automatic transfer at the beginning of the month or the day you pay the payroll of at least 10% to another checking account, which is known as pre-saving.
The advantages of automating your finances and pre-saving are summarized in a single movement you’ll be saving every month, without having to complicate your life in cutting expenses here or there and without having to constantly resort to your willpower. From a psychological point of view, it is easier to adapt to something when it is not in front and you do not have access to it when it is available.
In the end, it is about using the same strategy as banks, subscription magazines and in general terms all companies use, only now in your favor. Automating the savings is like domicile a payment but the other way around.
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Surely you have read about the benefits of domicile the receipt of water, light, telephone, pay television and any other. It is even possible that at some point you have planned to keep track of them to budget and control spending. How long did you do it? Possibly not much and this is what will happen with the pre-saving, you will end up forgetting about it and assimilating it as a part of your financial flows, as a routine. This is the magic of automatic finance.
But since what works for your savings does not have to do it for your expenses. That is why u do not of the most repeated savings tips goes through suspending the subscriptions and everything that has the direct debit to do. In the case of subscriptions related to leisure, it will serve to see to what extent you make it less. In addition, it will allow you to do a cleaning of services that you had contracted and that you had not quit because of lack of care. And is that sometimes get going is more difficult than it seems. Precisely for that reason, take advantage now that you are reading this and enroll in the program Financial Freedom Objective to get in the way of pre-saving.