[T]he busy summer season is behind everyone, and the upcoming holiday season is a few weeks away yet. Now is the time to focus on goals you have set. One of the most important is saving money.
Fall = Transition Time
You are transitioning from the lazy days of summer, times when you spent a lot of money for vacation or at festivals and other warm weather events. Soon, the frenzied holidays will begin with advertisers luring you in with promises of deals and wonderful new products. In between those two expensive times of the year is Fall. The kids are back in school, and you have settled into a routine. Now is the time to make putting money into savings part of your routine.
For people who find it difficult to save money, fall is ideal because they can set short-term goals. Instead of saving for an unknown expense someday in the future, they can set a goal to save a certain amount of money for Christmas gifts or for a Thanksgiving trip to see family.
It’s often easier to put money aside for a specific goal not too far in the distant future than just because you should. You can create a list and calculate how much you think you’ll spend and set that as your goal. Figure how many weeks you have to save and how much you need to set aside each week.
Once you try this goal for the holidays, you’ll be more likely to want to do it again next year. Saving money can become habit if you do it consistently. Before long, you’re putting money in a savings account without even thinking about it. When you get a paycheck, you automatically deduct that amount from the top.
Just like with any other habit, it’s hard to begin and stick with when life is busy and unpredictable. With the steady routines of fall, now is the time to begin learning this financial exercise.
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