If you care a lot about your future self, you will save more. If you care a little, not so much. The question then becomes – how can you save more than you already are? In the past we have discussed the “Latte Factor.” If you cut back the premium drinks you buy each week from one a day to 3 a week, you can save $10/week or $520/year. While this small change may not seem like much it does add up.

Another trick to keeping your savings is to open up an account with a banking institution that is not close to work or home. It is a chore to deposit into this account and a chore to withdraw. You pat yourself on the back for going out of your way to save for your future and give yourself another big pat for not making the trip to withdraw. Accounts that are not convenient make us think twice about withdrawing from them until we really need to.

Saving is what we have after we finish spending. If we can control spending we will be much better off