06 February 2009

Tip of the Day February 6, 2009

Hide It Before You Can Spend It

Out of sight is out of mind - and when it comes to money out of sight means in the bank. In sight eventually means out of the wallet. So, get your money out of sight before you can spend it. Set up a direct debit transfer from your main bank account to another bank account - one that you don't have a card or chequebook for so that it is difficult for you to get to that money. You will be amazed at how much you can save in a year when you don't notice it - and you won't notice it if it doesn't even hit your everyday account.

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