The easy way I save 30% of my income has nothing to do with budgeting. (via CNBCMakeIt)
— and that amount was taken straight from my paycheck and sent to my retirement account.
I also set up "auto-increase," a feature that allows you to choose the percentage you want to increase your contributions by and how frequently. At the beginning of every year, my 401 contributions automatically increase by 1%, which seems small, but adds up over time., another tax-advantaged retirement savings account.
My old system for adding to my Roth was inconsistent and inefficient: I simply contributed whatever money I had left over at the end of each month. To keep from brushing aside these contributions, I set up a recurring transfer from my checking account to my Roth. Now, the first day of every month, a set amount is automatically sent to my account.
I set up similar recurring transfers to my high-yield savings account, which I use to save for big, future purchases, such as a home, car and vacations, and to my investment accounts with robo-advisor Wealthfront and investing apps Acorns and Stash.By automating my savings, I never even see that money, so I don't have the chance to spend it. I just learn to live without it. The best part, though, is that it allows for guilt-free spending.
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