Form a Habit of Saving

Saving isn’t something that usually spontaneously happens. It’s a built up pattern over many years that eventually forms a habit. Unfortunately, many Americans just never developed it. My habit of saving came from my dad – in fact everything I first learned about money came from him. His steadfast rule was that half of everything I earned in my part-time job would go directly into a savings account. It wasn’t money to be withdrawn when it hit a certain point or on a whim – it was a strong, unbreakable savings account from a habit I had formed. What I finally realized years later was that my savings, spending and giving habits were developed when I was at home with my parents. It was all about a consistent pattern built up over the years. Did I always like putting half my money into savings? Of course not. But am I better for having done it? Absolutely. Changing your habits are the first step in changing your life for the better, and changing the lives of your children. It will take time. It will be frustrating at points. It will be exactly what you’ve needed to do. The best thing you can do for your children is to help them form habits that produce positive results for them consistently at a young age. It’s easy to want good habits for your children, but you really need to work day in and day out to help them form those habits. It starts now! You can save yourself and your children from a life of debt by forming the right habits right now.