To build up my savings, I use the tried-and-true method of paying myself first. Each month, as soon as I get paid, I automatically transfer a set amount from my checking account into a dedicated high-yield savings account. Making saving a priority before spending on anything else has allowed me to slowly but surely grow my nest egg over time.
How do you save monthly?
- Thread starter You
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I put a portion of my monthly earnings into a fixed deposit account. I have been doing that for many years. Due to compound interest, the money in my fixed deposit account has increased a lot.
I typically follow the "pay myself first" way, which means I save money before anything else. I do not have a set amount that I save, though.
