As I talked about in Chapter 2, “First Things First,” goals give you direction and can provide peace of mind. They even have application in daily life. With all the marketing bombarding us every day and fueling our wants, a set of goals helps us to say no. They remind us there’s something we want more than the tempting purchase right in front of us.
Even when you have written savings goals, it takes a lot of willpower to consciously stash away money each month. We humans are hardwired to consume immediately. So, saving for future needs and wants goes against our nature.
That’s why saving toward goals must be automatic.
It could be an automatic 401(k) deduction from your paycheck to fund retirement or an automatic ...