Rosie Romero writes for Remodelers Advantage on how you can slowly start saving now to earn big down the line. By squirreling away extra money, use those funds to start building a saving account for your business so you aren’t left stranded in the end.
Romero recommends using a planned method that builds cash reserves by opening a corporate bank savings account. Split the first check you get into your operational account and corporate savings account. Deposit 5% of every check into a savings account, and put the additional into an operating account. By making this a habit, you are will be blindly saving money. Once that’s completed, Romero says to not touch those funds because you’ll thank yourself later after all the money you have saved.