How To Make Saving Money A Priority
1. Invest in 401(k) using automatic deductions. If the company you work for offers a 401(k) you can sign up and have the money automatically taken out of your paycheck and put into your retirement savings. Some companies also offer a matching contribution - automatically.
2. Increase your 401(k) contributions automatically. Many companies now offer a system that increases the amount you are saving in your retirement account with every raise you get. This can add up to a big savings for you over time. These automatic increases allow you to save more without having to do anything.
3. Set up an automatic investment plan with mutual funds or a brokerage account. Make automatic monthly payments from your checking account to a mutual fund or brokerage account of your choice. Keep money in this account that you want to grow over the medium term and don't need to lock into a retirement account.
4. Set up automatic savings into a "security" account. This is the same as an emergency fund. It's your security in case something goes wrong. You need to set aside money from every paycheck to save for those unforeseen circumstances that require money. This keeps you from using credit cards.
" by David Bach. This book shows you how to get set up with an automatic savings plan.