In this article you’re going to learn how to save money more efficiently and effectively by taking “you” out of the equation,or by tricking your mind. What I mean by this,is that if you can find a way to save money without you actually having to look after it or maintain it yourself, you’re going to be much more successful at it because you’ll be sort of tricking your mind into it. And since our minds create perception of reality for us, this becomes a highly effective technique.

If you see the money you’re tryng to save, you’ll always think you have it. On the other hand, if you never see the money you’re saving, you’ll most likely forget about it and never end up spending it. This method is very effective and has worked great for me. Also, you’ll earn interest on your money with the method I’m about to show you.

The first thing you need to do, is find a mutual fund company that offers a good money market fund. Money market funds are 100% risk free, interest baring, accounts that can earn you from 1% to 5% on your money,depending on how much the US dollar is worth at the time. It always bares more interest than a savings account at a bank,and doesn’t incurr any tax penalties for early withdraw. I recommend Fidelity.com. They’re a great mutual fund company,and they are who I personally use.

Once you have the money market fund setup,you can have them automatically withdraw any amount of money each month from your bank account and add it to your interest-baring money market fund. The amount can be whatever you choose with the minimum being $100. This amount is seamlessly withdrawn from your bank account each month,and put into your money market fund without you having to lift a finger. It’s a very effective method. I’ve saved a ton of money using it,because I never ever touch or see the money they take out and therefore, never really miss it because I never have it in front of me to spend. You can consider it as sort of a little trick you can play on your mind.

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