Over 70% of working Americans find themselves living from paycheck to paycheck despite having increases in income. Similar to most people, you pay everyone else first — taxman, landlord or mortgage holder, credit-card Company, and so on. You even try to manage with a budget every week, month, and year hoping that if you try harder than before there will be some money left over.

A fire will burn until the fuel runs out. The same happens with your spending which will continue until the money including that provided by credit runs out. As long as money is available in accounts without a significant purpose, our human tendency is to spend until it is used up. Looking back over a few years you must have had increases in your income or household income, but you still find yourself struggling to make ends meets despite the increases. Interestingly, as you made more, you spent more.

Regular contributions to a “Pay Yourself First (PYF)” account starting with any amount is a beginning solution to stopping the game and interrupting the vicious cycle. By adopting the PYF habit, you can begin to regain control and set a pathway for a better and healthier future for your personal finance. You cannot look for that extra money to set aside in a special way after you have taken care of all other expenditures. Instead, you must make the first disbursement of your disposable income to your PYF Account.

Just as with any other bill payment, consider that disbursement made for personal professional service rendered leaving your operating account with less money, and that money cannot be reclaimed. Your monthly utility bill comes for the amount of energy used and when paid you have totally less money and no reclaim to the money paid. Further, you receive no equivalent credit for any future energy services because of your long standing relationship as a good and faithful customer.

Not so with the regular disbursements made to your special PYF account. This account grows and begins to feed upon itself from regular contributions, exposure to daily compounding interest, and from you taking advantage of opportunities to velocitize your money.

Your PYF habit affords you the opportunity irrespective of the initial amount to accumulate working capital to generate new wealth and endow your future with a better financial health than now.