There are so many variables from person to person that there isn’t a one-size-fits-all solution, but automatically having money taken from your bank and put into an investment account or retirement account can work for most people.
It could be an IRA, a Vanguard account, or even an online savings account separate from your regular bank account.
If you are paid by direct deposit, you might be able to have some of your pay go directly to this account, too.
I’m not an expert, but feel free to DM if you want to talk more specifically.
Also try to use a debit card instead of credit. PayPal, Apple Pay, etc make it easy and secure.
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Dec 1, 2024
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Having a separate account that you can’t easily take money out of and having a percentage of your paycheck auto-deposit into that is a good way to start saving.
Mar 7, 2024
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if you have the option to divert a % of your paycheck directly into savings, do it!
get a high yield savings account with a different bank (I recommend Marcus) that requires that you transfer money out of the bank where you have your debit card—takes a few business days to transfer which means you can’t spend it willy nilly but it’s there when you need it
Dec 2, 2024
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Open a high yield savings account - you get an, obvs, super high interest rate, which is a great incentive to put money in there. Either direct a percentage of your paycheck in there, or transfer money in there immediately after you get paid. Great place to house your emergency fund (3-6 months of expenses) because it’s easily accessible.
There are lots of books on saving for retirement- I recommend the simple path to wealth because it’s easy to understand, required very few action items, the author crunches the numbers while he’s explaining things, and you don’t have to be someone obsessed with savings and personal finance to benefit from it, like me!
Mar 7, 2024
Top Recs from @bee1000
The occupation persists, the oppression persists, the torture persists.
The occupiers are psychotic and their work is never finished.
People who’ve paid attention won’t be surprised by this photo from Gaza.
Jan 22, 2025
Feb 10, 2025
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I’m 50, I say because that makes me unusual in this context. I paid [redacted] for a ticket to the Eras Tour after listening to tswift for 3 weeks, and it was worth it. In second grade my teacher gave kids birthday spankings over her knee, and in sixth grade my teacher told my mom I hadn’t blossomed yet. I’m a good friend, mostly to people on the internet. I’m good at conversing with strangers. I’m usually the oldest person at the show but don’t feel like it. I’m good at being helpful. I’m sarcastic and funny and make myself laugh. I’m a good graphic designer and a conscientious driver. I’m a good photographer and I can successfully follow recipes. I don’t use my Peloton enough. I did a lot of caregiving for my mom for several years, and we enjoyed spending time together even if it was mostly in waiting rooms and my car. The fastest I ever ran a mile was eight minutes and six seconds. I drove the same car for 20 years and then replaced it with another one. I enjoy tipping, giving money to people on the street and Disneyland. I am a fan of baseball, Formula 1 racing and the Criterion Channel. I solve about 80% of New York Times crosswords. I take Prozac and Wellbutrin, and take Trazodone to sleep through the night. I wish I had a glassed in solarium so I could sleep in it on rainy nights. I would like to have a pet cat and a garage. I could happily live eating only cereal and fruit. I overshare on the internet and undershare elsewhere. ✌️💛
Feb 28, 2025