Although I agree with you, I believe that if you are in that position, the best approach is to start small.
Automate putting a small percentage of your income into a savings account or an index fund if you do not have debts.
If you do have debts, automate paying a small amount toward them every month.
This way it is out of your mind, and you are less tempted to spend it.
This comes from the belief that changing your environment to reduce temptation is the best way to get rid of bad habits.
I forgot to mention automatic transfers 😞. Those definitely helped me out early on. This was before online banking was a thing. I had to call my bank and ask them to set up an automatic transfer on the 1st and 15th of every month.
Although I agree with you, I believe that if you are in that position, the best approach is to start small. Automate putting a small percentage of your income into a savings account or an index fund if you do not have debts. If you do have debts, automate paying a small amount toward them every month. This way it is out of your mind, and you are less tempted to spend it. This comes from the belief that changing your environment to reduce temptation is the best way to get rid of bad habits.
I forgot to mention automatic transfers 😞. Those definitely helped me out early on. This was before online banking was a thing. I had to call my bank and ask them to set up an automatic transfer on the 1st and 15th of every month.