It's the one advice that helped me feel secure about my future. The concept is simple. First, create multiple savings accounts. This can come in the form of retirement, investment and general bank savings accounts. From there, split out the bank savings accounts into specific short-term and long-term goals. This may mean having a saving accounts for Iceland 2017, Weddings 2018, and Vacations All Year Round. It's about planning ahead. The key to funding these successfully is to automate it all. Before even any of your paycheck touches your bank account, money is streamed into separate accounts and what your left with is money for your basic needs and some for luxury.