Separate - Automate - Track

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# 73 This is my S-A-T saving tip. It’s so simple, probably not something new to most of us. Well, let it be just a reminder then for you as well as for myself. Separate – try to have a separate account dedicated for your savings. An account that is also where most of your transactions go would hardly be effective for savings - even if it's called 'Savings Account' type by the bank. Automate – try to decide how much you can afford to save then have the amount automatically deposited into your dedicated savings account. This way we will never have to worry about putting some amount away to save after all other transactions. We can use whatever amount left for expenses. Track – not referring to tracking the savings. Once we separate and automate the savings account, it can basically be left to do its own thing. But it’s a good idea to track our expenses. It does not have to be super complicated or sophisticated tracking, just a simple paper/pen notes will do. The idea is to identify possible areas where we can cut the expenses and therefore put more into the savings. Good luck and Happy Savings! Image credit: Pixabay