If anyone asks me, what's the easiest way to save money, i would say, it's to automate savings and investment! It's a money saving hack everyone with a payroll account should do.
Based on my experience, i'm just too lazy to keep a separate account for my savings. What i did back then was to manually deposit my saving to a separate bank account (with a different bank, i should add) with a passbook. I used a passbook account separate from my payroll ATM because I simply don't trust myself not to touch what remains in my atm account.
However doing the actual task of depositing every payday seemed tedious. The bank is literally steps away from my office, yet i'm too lazy to go there in person to deposit my fund. Sometimes the lines at the teller are just too long or i just can't spare a few minutes because i'm way too busy at work. (Yes, i know, there are too many excuses.)
Then i tried opening a separate savings account which i can access via online banking.
Yes, at first, it worked because i no longer have to personally go to the bank to deposit. But i just find it too hard to just leave the money there especially at "petsa de peligro" days - those few days just before the next paycheck, if you know what I mean.
I tried to discipline myself and be responsible, but it was just too easy to transfer money from my designated savings account to my payroll via online.
This left me with zilch amount of savings by the end of the month!
So i thought of some other way for me to easily tuck away my money and yet it would take an effort to withdraw.
In comes the "hidden" wonders of automatic banking.
Did you know that some banks allow you to "automatically" save and directly invest a portion of your salary regularly?