The simple strategy I used to save tens of thousands of dollars - Business Insider

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'When planning for emergency savings, think back to the 'Tortoise and the Hare.' Putting a ton of cash away won't hurt, but slow and steady is a perfectly acceptable strategy for savings'

But even in good economic times where we are not shielding ourselves from a highly contagious pathogen, there are plenty of times an

Fun spending like entertainment and dining out should be the last priority in your budget. However, they are still very important. Most people can't go for long periods of time with monk-like savings habits. It's important to carve out a little money for things you enjoy. But make sure your savings are taken care of first.Open a dedicated high-yield savings accountis a dedicated high-yield savings account.

Putting a ton of cash away won't hurt, but slow and steady is a perfectly acceptable strategy for savings. Consider saving $5, $10, or $20 per paycheck to get started. After a while, you'll get used to that savings rate and can slowly increase it.

 

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