I recently wrote a Guest Blog Entry for the Digerati blog entitled Save Your Money By Paying Yourself Last.
Juicy Excerpt: Paying Yourself First is mindless saving. But I don’t mean that as a dig. The reason why this strategy works is precisely because it is mindless. The idea is to save a specified percentage of your income (usually 10 percent) automatically, without thinking about it. For Pay Yourself First savers, saving becomes the default money management option. And it really does work for millions. But I see a downside.
Several of the comments express skepticism.
Juicy Excerpt: I would have to say that the Pay Yourself First concept is the easiest and most reasonable way to save.