I finally got down to doing something I should have done for sometime - I opened another bank account to save a portion of my salary each month. Each month, once I get my pay, a chunk of it is going straight to this new account. I have been living on a combined savings and spending account for too long. In fact, usually only one thing is happening - spending. While I have managed to save, the amount each month fluctuates with an inverse relation to the amount of beer I drink. The new account forces me to save a fixed amount each month, and no longer do I need to try to save more the next month to offset this month’s spending.
The impetus for this action was the first personal finance book I have ever read finished - The Barefoot Investor.
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