Why not use the convenience of automatic transfers to save for your goals much like you have automatic debits to pay for your mortgage or car payments. The easiest way to get started is to set up a transfer that coincides with your payroll date and transfer a set amount to your goal accounts. By having the money come out the same day as your paycheque goes in the likelihood of spending these funds is greatly reduced.
You can start with as large or small amount as you like and have it transferred to a savings account at your bank. For example, the cost of one cup of coffee per day ($1.70) adds up to $621 per year. What would you do with an extra $621 per year? I am betting you will not miss the one extra cup of coffee each day, but if I asked you to write a cheque for $621 you may think twice.
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