At the end of the year, what you made is what you made. Every little bit counted. A penny saved is more than a penny earned. Not just because of interest. Let’s say you cut your monthly budget by $10. After a few months, you can afford to buy a couple things in bulk. You save even more money per month, so it adds up faster. You get a better savings account, and you don’t have overdrafts anymore, and you’re paying less interest on your credit card balance. This can keep snowballing upward. You may feel more confident, do better at work, apply to better jobs, cook for yourself more. Doing better can give you the confidence to keep up the good work.
All from setting aside a little instead of spending every dime of your paychecks.
I know it may sound glib. It’s not that easy if your parents didn’t do much to teach you about money.
I know about the mindset that says, “Either you do it right or don’t bother.” And I’ve seen it fail me so consistently (100%, actually) that I’ve gradually rejected it over a long period of time.