How I did it: I started small enough to not feel I am actually saving. Every week I put aside a little chunk of money and kept doing it for few months slowly increasing amount that goes to my saving account. The biggest problem for me was to make sure that I "don't spend" what I used to love to do. Once I felt comfortable with the fact that I have less to spent I could double and later triple my monthly savings. It went for more than a year. Knowing I can do that again I decided to use all money to invest in my business buying equipment and licences and spending some time on market research. Now is 6 months later and I still have positive balance, no debts and happily bootstrapping PromoSquare - my new venture.

Saving money is worth of doing if you know why you doing it. I wanted to feel taste of financial freedom and independence. It feels great to be able to stop working and do not worry about next few months down the line despite of living in London, I guess the most expensive city  in the World. The most exciting is fact you can do what you want to not what you have to.

Lessons & tips:

• start small with little chunk you transfer to your saving account every week
• slowly increase amount you save
• set period of time you can stay committed and STAY COMMITTED
• price yourself at the end of the period if you want to and / or simply sketch next saving plan

Resources: Women who doesn't want my money ^_^ and instead motivates me to think of how I spend it myself.

Mar 15, 2011, 04:45PM PDT | 2 comments | 8 cheers