Just as the debtor has debts regardless of his or her income, so the saver saves regardless of income. Getting into debt is a habit - so is saving. The principle of saving is straightforward. The person who habitually runs up debts, or who manages only to break-even each month, will say that this type of principle is impossible to keep. There always seems to be some cost here, or an emergency there, which leads them to spend, more than is necessary.
Most people fully intend to save and make resolutions monthly to do so.
However, they find that by the end of the month there is nothing left, or even, in some cases, they have gone into the red. The secret of saving The secret of a saving habit is to save at the beginning of the week or month in which one is paid. This means setting aside a sum of money, which is not to be touched for any purpose except for saving. This should be deducted first before paying your own expenses or buying that pair of shoes or that tie. The money saved should be put into a separate account, preferably one in which the money is not instantly accessible, so that you are not tempted to draw it out the next day.