Originally Posted by AR_Six
The thing when you're young is most young people have no discipline with money. Myself included. So it's pretty easy for the spending to snowball. What works for me is to never have it in the first place - I have a whole bunch of direct deposits set up, most of my income goes out the second it comes in, to student loans, RRSP's, my dad who helped finance my move when I finished school, my tfsa, and obviously rent. I pretty much treat it like I make way less money than I actually do. I don't see any reason to change that either. As my income goes up I just raise the amounts that get paid out - rent goes up an extra 550 next month, my rrspcontribution goes up, etc. it's pretty easy to resist temptation when you don't have the option to succumb.
Yeah this is exactly what i do. I never have to make a manual contribution, and the money goes out on payday so i never see it.
I'll probably just do the same thing as you when i finish uni; keep my discretional spending the same by upping my savings/student loan paybacks.
It's not like i'm living hard or anything. On the other hand, i'm only supporting myself. I can imagine saving would be a bitch when you have a family to support.