“That which each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary.” – The Richest Man in Babylon
Oh how true this is! Matt and I have seen our expenses creep closer to our income (or alt least closer than we would like), and it is a constant battle to fight. We recently did a mini revitalization of our budget and decided to cut out the gym membership and an online learning subscription. While they are both good things, we weren’t using them often enough to justify the expense. That simple exercise is saving us over $100 a month!
One of the best ways I’ve found to help us save has been transferring a designated amount, that we’ve both agreed upon, into our savings account as soon as we get paid. Recently we’ve even gone a step further and have one paycheck deposited into our checking account and the other deposited into a different checking account. We only spend from the first account, and it helps us be even more diligent about saving.
So, here is to practicing discipline and saving for the future!