Become a saving rock star!

Saving is a pain in my neck. It doesn’t come naturally to me. Although I didn’t grow up poor, my parents weren’t financial savants either.  In the end, to become a good saver is about setting a goal, creating a habit.  Or as Tim Ferris puts it, setting a fear.  My fear is life will happen, Murphy’s Law will rear its ugly head and I’ll be unable to afford basic necessities, like housing.  Years ago, my dad died unexpectedly 9 days before Christmas during my senior year in high school.  Weeks later my mom was declaring bankruptcy and the bank foreclosed on our house. My Nana stepped in and made sure we kept a roof over our heads.  You’d think an experience like that would jolt anyone into financial literacy.  But, I’m an experiential learner and I don’t like making a mistake just once.  I need to experience a screw-up multiple times before it really sinks in.  So after I graduated college with enough student loans to buy an Alpaca, bounced enough checks to cover the salary of a bank executive and got fired from my first job, it occurred to me I should try saving a little.   So seeing I’m not very good at it, I made it as easy as possible using internet banking and direct deposit.Continue Reading