What we all really need is the money-saving know-how that will stand strong throughout life and help us build a nest egg. So I asked some prominent experts how they save. What could we all be doing better? Their answers may surprise you. They’re not complicated at all—just simple, commonsense wisdom that will have you saying, “I can do that!”
Money You Don’t See, You Don’t Miss
“Face it, once money hits your wallet or checking account, it’s as good as gone. The trick is to make sure you never see the money in the first place. Then you won’t have to fret about how to save it—or feel guilty that you didn’t. Your employer, bank, or credit union can transfer money from your paycheck automatically into your savings or investment account—or accounts you set up for clothes, vacation or a new car. Then you can relax, knowing it’s taken care of.”—Janet Bodnar, editor, Kiplinger’s Personal Finance magazine…