I know you’ve probably heard it before but I’m surprised by the number of people who fail to do this. I come across lots of people who are really good at paying their bills, but not so good at saving money.
So make it automatic and soon you’ll think of it as just another bill. Have the money come from your account monthly basis and direct it to a savings account or Tax free savings account (TFSA) if you don’t already have one. This may be the only thing you need to do to reduce the spending on the stuff that adds no value to your life.
With this in mind, you may also try giving yourself a pocket money allowance. Your spending on ‘stuff’ should never exceed your allowance. Once the money is gone – it’s gone until next week, month or whatever time frame you wish to use.