Self Pay | 2 ways

I will show you two ways to pay yourself first without even trying.

Two ways on how to pay yourself first without even trying.

Actually we have a lot more money than we think we do we spend an little things here and there any add up over the course of time.

1. Qapital

How I do that with these two methods so the first is that I use an app called Qapital so capital is of free banking app that allows you to save money by rounding up your everyday purchases so you can also choose other activities and like setting goals and also bring much anything you can define a think of and this actually hopes to save income passively. 

The way that I use capital is that it saves you money each time I pay for something with my credit card with PayPal so for example you can actually round up to the nearest 1,2,3,4,5 dollars so if you buy a coffee that cost $2.50 anyone choose to round the next nearest dollar that coffee will ultimately "cost you" $3 but really you're paying to $2.50 the coffee and $.50 is going into your capital account to their $.50 is used for is any goals that you may have set within the app.

You literally living your life like you normally would you not sitting there you're counting every penny in scrounging up every dollar we are also saving without even knowing it subconsciously is actually really great.

There are many different ways that you can set up Qapital most them are rules are and you can actually create your own rules of your own goals that's what I did. When you meet a certain dollar amount that goal is met in that way you can use those funds towards whatever their goal is. 

How this relates back to investing is that you can set up a to save for any shares or any investment that you may be looking at.

Example:

If you are eyeing Microsoft start new know that it's in the low 90's you know that once you get into their $90 mark you have enough money to buy a share of stock of Microsoft. 

You need to be a little bit more discipline in Qapital can definitely help you with that so the app is free to use and there is absolutely no fees but I will say there is one con is that while are saving up all this money in the savings account within Qapital and actually not earning any interest in that money.

Don't use this first for long term goals because I know you will be losing money to inflation over time.

Use this for a short little goals, like that ski trip, or whatever but the pro's of being able to start with little to no money and making it fun to save and I think that it's actually really rewarding that you can visually track your progress towards those goals.

2. Physical bank & Online Bank

Physical bank & online bank this second way to save money without even thinking about it and pay yourself first, have a physical bank when I say physical I mean an actual branch location and their bank is where you can do checking account that they can hold your checking account it all your money comes in from a different cash flow, different investment properties and also your different businesses, if you have one and it also goes into an online savings account after it reaches the checking account.

The way you should look at this as are having money into different banks is can like having junk food in two different house is right.

Example: 

If you kept your ice cream in your freezer and chips in your pantry and all that stuff is very easily accessible what are you going do obviously eat that stuff but if you have those things and a house you located in a different continent or a different state is not gonna to be easy go to.