The Pocket: How much to save

If you’re like me, at one time or another you got paid and you put all your money in your pocket. You went about your daily tasks and did what all good Americans are supposed to do; buy stuff.

When you had spent all your money you sat down and tried to figure out where you spent it all. You all know you’ve done this and you know that there is no way in the world that you could account for all of it. I’m pretty sure I dropped some of in the street when I was pulling it out of my pocket.

That part that you can’t account for, that’s the money you should be saving. You won’t miss it. You don’t even know where it went.You save this money up front.

This is called “Paying Yourself”. It’s about 10-15% of your income.