You are fresh out of school. Maybe you have been working for a few years. That entry-mid level salary may or may not be your financial ceiling at this time. Regardless, it provides you with a steady flow of income; one that brings with it peace of mind.
Just be sure to pocket some of that cash. Seriously. Better yet, put that money away, completely out of sight. It is much easier to constrain to proper long-term financial planning when your discretionary income has definitive limits.
But how does one achieve such self-discipline? Holly Johnson of getrichslowly.org has composed a wonderful tutorial on the topic of “paying yourself first,” which incorporates her own experiences and pragmatic approach to this practice.
For the full article, click here.