Tips On Saving Money

Got an email today from a friend who is trying to save money, and not been doing real well at it. I sent him three tips on saving money, that I thought I'd post here:

Here are some tips on Saving Money:
1. Save Automatically: set your account up online so that it automatically takes money out each month. That way you don't have to trust yourself to save as much. Set it and forget it.
2. Don't save in the same bank you check with: You may want to keep some money there to cover accidental overdrafts, but if you use an online bank like INGdirect or others, then you aren't as likely to raid your savings.
3. Start with smaller amounts: Start with $50/mo, then in January increase it to $75, then in June increase it to $85. You'll notice that you will naturally adjust to spending less money and will live accordingly.

Hope this helps.

--Ben