The Smart Investors

Setting aside money is about consistency, discipline, and strategy. With 50/30/20 budgeting rule or by automating savings to separate accounts, you can start to save up certain amount of money. You also need to cut discretionary expenses, track your cash flow, and stay out of debts if you want to start saving. After all, whatever method allows you to be consistent in the long run is the best for you.

Automating your savings is the best method I know. Once you make automatic transfers to a separate account, you’ll fall short of temptation to spend what you meant to save and you’ll see progress much faster.

Since each of your money has a purpose it serves, it's easier to maintain discipline by setting aside account for each of those purposes like emergencies, vacations, and investments.