3 Secrets To Saving

Dated: 09/28/2016

Views: 202

One of the opportunities that I have as a real estate expert is to regularly see the habits that lead to financial success. Lately I've been thinking about saving for the type of expenses that derail budgets: the unexpected 'surprises', financial emergencies, or large purchases. There are certain best practices that I see over and over again that I wanted to share:

  1. Saving needs to be automatic. Money is deposited directly into a savings account.

  2. Saving needs to be invisible. You don't miss the money if you save small amounts weekly instead of large amounts monthly.

  3. The account needs to be easy to access (in emergencies), but separate. Reduce temptation to spend savings dollars by not keeping savings in your day-to-day account.

If you have a savings goal, I hope these best practices help get you where you want to go. If you have saved up for a new home, click the link below to find your dream home.


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