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All these posts have lots of good ideas that you can incorporate into your overall savings strategy. But the one thing that holds everything together and keeps things in perspective has not yet been mentioned - put a pen to paper and create a budget. Create a realistic budget so that you can actually stick to it. Follow your budget religiously. And amend your budget when circumstances change. Repeat often.
Back in my banking days, I helped many of my clients create personal budgets. Now, as an articling CA, I help my corporate clients create corporate budgets.
A budget is the cornerstone of every successful fiscal plan. Without one, it's like hipfiring - sometimes you'll hit your target but most of the time you won't. Creating a budget is like aiming down your sights - you'll have a significantly greater chance of hitting your fiscal targets.
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