Save first and Small Savings become Credit Cards
Save first and your savings will help you be realistic and you will be able to live on less. It is a mistake to feel entitled to purchase—that feeling of entitlement or language such as: I deserve it! is a false positive. Instead tell yourself that you are entitled to save. Open up 3 savings accounts to help you save for a variety of different items and life events. First, you need a savings for 3 months emergency. Second, you need a short- term savings and you can use this account every time you feel the need to use a credit card. Third, open a savings account that you can not access easily or by debit card. You will be likely to spend from this account because you will have time to think about whether or not you need the item you want to purchase.
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