Hide your cash and find yourself rich
Where does all our money go? It’s a constant mystery for many of us who, no matter how much we’re earning at a given time, manage to put our money everywhere but a secure savings account. But some of the best solutions involve a disappearing act—all it takes is some planning and paperwork.
Hold It Hostage and Avoid Human Contact
Having your primary checking and savings accounts at the same bank, linked one on top of the other in your online interface, is what leads many down the path of temptation. If you see it, you’ll want to spend it. Open a savings account at a different bank, but don’t set up online banking. Cut your card up as soon as it arrives—or ask them not to send you one at all. Set up an automatic recurring payment to the marooned account. The inconvenience of having to drag yourself to a physical bank and speak with a teller IRL will deter you from withdrawals. Think of it like a banking Bermuda Triangle: Plenty goes in, none comes out. (Until you want it to, that is.)