7 Profound Personal Finance Practices to Follow

Automate your savings: When you restrict your access to your own money it is hard to spend it. If you have been consistently struggling to save money, a time-tested solution is to establish an automatic savings plan.

This will ensure that a certain amount of money gets filtered directly from your monthly paycheck into your employer’s 401(k) or the bank. This will turn you overnight from a compulsive spender into a compulsive saver.