Automation. Sign up for a savings plan at work that takes the money right out of your paycheck before you get a chance to spend it. Some examples include a credit union account, a savings bond purchase plan, and a retirement savings plan such as a 401(k) or 403(b) plan. If self employed, you will have to provide the automation yourself rather than depending on an employer's options.
Another automatic savings strategy is a mutual fund automatic investment plan that debits your bank account on a regular basis to purchase shares.
Whatever your employment situation, make it a habit to pay yourself first by setting aside a regular amount each month. You might make deposits into a financial account as suggested above or at a financial institution where money is not so easily accessible (no ATM, debit, or credit card for the account and no phone transfers). Doing this will allow you time to rethink your need to take money out of savings.
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