How I did it: By using a combination of curbing my compulsive spending (when upset or in pain), and being a little more thrifty, I was able to put away a little from each salary payment. I was frustrated a few times when large bills ate my entire salary, but the continuing interest on my savings account helped. Having a savings buffer, I now feel much less stressed, worried and more secure.

Lessons & tips: Don't give in to the compulsive spending habit! When you want to spend, check the balances in your savings account.
Or read a finance self-help book or website:
Zen Habits, blog mainly by Leo Babuta
Get Rich Slowly, blog by J.D. Roth
Affluenza, by Clive Hamilton, Richard Dennis
Your money or your life, by Vicki Robin, Joe Dominguez, Monique Tilford

Resources: A high interest savings account.

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Nov 14, 2009, 02:16PM PST | 0 comments | 4 cheers