And if you still want a fabulous treat when youre finished, you have my permission.
(But not really.)
No Interest Til Almost 2027?
Here are the steps he recommends.
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1. you’re free to be out of debt and still be broke.
Having that concrete goal can help you resist temptation as you return to normal life.
Open a Savings Account
Ready to save but dont know where to start?
Thomas also recommended opening a savings account thats not at your current bank.
By doing so, you’ve got the option to shop for a better interest rate.
Youll also create an additional psychological barrier to help you delineate between your checking and savings accounts.
That money being out of sight, out of mind is incredibly important.
By the same token, you could automate tiny savings without feeling a financial impact.
And that might be a smarter way to save.
Realizing how much weve saved triggers our brain to start romanticizing, Oh.
What can I do with that $500?
You could actually spend away three months of savings.
The idea is to work around ourselves if we dont have the discipline to be consistent, he said.
When it comes to financial wellbeing, you dont have to be perfect, said Thomas.
So many people are in their head, but they stay in that space of contemplation.
Dont wait another day.
Tiffany Wendeln Connors is a staff writer/editor at The Penny Hoarder.
Readher bio and other work here, then catch her on Twitter @TiffanyWendeln.
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