Paying Now

How do you pay now? In very simple terms, you can pay now by saving more. That might mean delaying gratification on purchases, trips, or other kinds of expenses. When you put money away for future projects, such as college or graduate school, a vacation home, or your bigger dreams, you’re paying now so that you can get something later.

One of the advantages of paying now is that you can develop self-confidence about your ability to save money. There’s a feeling of empowerment that comes from taking steps you know can ultimately get you closer to your most important goals. Saving keeps you honest in your dialogue with yourself about what you’ve committed to do and what is actually happening. The continual harvesting of your income ...

Get Practical Lessons for Your Financial Life (Collection) now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.