That’s one of the most powerful phrases in personal finance, in my humble opinion!
I recommend automatically routing a specified savings contribution from each paycheck at the time it is received. Do not wait to save what you have left at the end of the month and hope for the best.
These transfers are just as important as your utility bills. It would be best if you looked at them as such. They are a BILL, not a luxury.
This is the number one thing everyone should be doing right now with both a savings and retirement account. There is nothing wrong with starting small. It’s about the automation and routine that we are looking for.