Anyways, the idea here is to open up a separate account away from all your day-to-days where you can automatically send money to, but won’t be tempted to touch. And the reason you wouldn’t be tempted is because you’d pick a physical bank that’s really really far away from you 🙂 Say, like 30-50 miles out or something. And then you’d make sure not to set up online access or activate debit cards or checks or anything else that would give you easy access to it. You’re not hiding it from yourself all the way, but you are hiding it from your day-to-day activities just to save money.
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Anyways, the idea here is to open up a separate account away from all your day-to-days where you can automatically send money to, but won’t be tempted to touch. And the reason you wouldn’t be tempted is because you’d pick a physical bank that’s really really far away from you 🙂 Say, like 30-50 miles out or something. And then you’d make sure not to set up online access or activate debit cards or checks or anything else that would give you easy access to it. You’re not hiding it from yourself all the way, but you are hiding it from your day-to-day activities just to save money.