One of the most overlooked item in one’s monthly budget is savings. It’s always best to pay yourself first. Before you earmark your income for bills and such, make sure that a percentage gets automatically stashed away as savings.
One way to help you manage this is to have your paycheck directly deposited to your savings account. The problem with having your income as cash on hand is that it’s easy to spend it making overspending very likely. Putting everything in your account helps you avoid that.
If you make it a chore for you to get your money, you’re less likely to tap into it occasionally. This should help your with the discipline of budgeting as well since you have to sort out finances before you make that special trip to the bank to get only what you need.
You can always make arrangements with your employer to do this. Just ask your accounting/finance or human resources if this is possible.
