When it comes to saving money, I always have trouble with the psychological hurdle of voluntarily putting money away for my future. Why put $200 in my savings account when I could just as easily spend it on a new pair of Pumas and a few nice meals? What about yet another Star Wars hoodie? The bills are all paid, right?
But, wait! All the bills aren’t paid. I haven’t paid my “future” bill.
Just as important as the bills I pay in the present like my rent and electricity bill, I have to pay my “future” bill because if I don’t pay for it now, I won’t have it later.
With the budgeting of expenses at the beginning of each month, the very first bill on the top of my list is my “future” bill. It’s just as important if not more so than the others, and now that I think of my savings as a bill rather than a donation, you can bet it gets paid each month and on time!
Of course, it’s a lot easier to pay a bill when you are the eventual recipient. So remember to pay yourself first. Secure your future before you go out an enhance your present with icy caramel coffee drinks and lunch twice a week from your favorite Cajun restaurant. Sure I want what Bianca calls “chicken delicious” every day for lunch (it’s actually an étouffée), but I also don’t want to eat frozen meals every day when I am retired (which we refer to as “cat poop“).