For some, saving money is second nature. For the rest of us, Kiplinger's suggests taking advantage of the one time when it takes zero effort or sacrifice to start saving: when you've just settled a debt.
It's tempting to treat a settled debt like a raise, letting the monthly boost trickle away into "lifestyle inflation" or immediately financing a new purchase, but if you're already in the habit of signing that money away to a car payment or to pay off your HECS, why not put it to work for you in a savings or investment account?
Alternatively, you may want to consider diverting a car payment you've settled or avoided altogether by paying it into a maintenance fund, to soften the blow of unexpected repairs and make regular maintenance easier.
How do you motivate yourself to put some money away? Let us know in the comments.