Atlanta Residents Can Stop Procrastinating About Saving By Making Investing Automatic
There's nothing more painful than spending your paycheck on bills. But what if paying one of those bills could pay off in the long run?
We all know we need to save money for our future. But it's all too easy to get caught up in the monthly bills, the mortgage, the groceries and gas - and everyday life in general - allowing our plans for investing money to fall by the wayside. But there's a way to make that saving automatic - literally.
We need to save in order to buy that house, take that dream vacation and - maybe most importantly - to retire, right? So stop looking at saving as optional and start looking at it as a necessity, say Atlanta bankruptcy attorneys. Since that's easier said than done, stop giving yourself a choice - instead, set up an automatic savings payment.
Determine how much you want to save each year, divide it by 12 and have that amount automatically deposited into your savings account each month. Don't worry if you can't save as much as you'd like right away - the point is just to get started.
From there, you can decide how to invest your money. You can transfer some to your 401k, your IRA, a brokerage account, a CD - or some combination of them all. And in most cases, you can do it automatically. The beauty of the automatic payment is you don't have to think about it. Whether you're feeling forgetful, having a bad month financially, or feeling extra impulsive, it doesn't matter - your savings will be put away, safe and sound. And the sooner your money is earning interest, the more return you stand to make over the long run - no matter what the economy does.
Think of the weight that will be lifted off your chest when you finally cross starting that savings plan off your to-do list. Of course, if you're worried that you can't afford the bills you already have - never mind adding another payment each month - you might need to take care of some business before you get started. And by business, I mean debt. Fortunately, bankruptcy can do just that by providing an affordable way to pay your balance, freeing up future income that would have otherwise gone to the bills. Find out if bankruptcy can put you on the path to a secure financial future when you try a free personal debt analysis with an Atlanta bankruptcy attorney.