You know you should have a retirement savings plan for your financial security. Where to put the money is not the question. There are many places to put your retirement savings. The question for most people is where do they get the money for the plan. Here's how to start one for yourself, RIGHT NOW!

The old saying, Pay Yourself First, is some of the best money management advice you will ever get. If you don't pay you, who will? How do you manage that? Here's how.

From every dollar that comes in the door, take 10% off the top and stash it in your retirement savings plan. I know that is a scary idea for a lot of people who have debt and past due bills to pay. My advice? JUST DO IT! You will find that you CAN operate on 90% of the income if you decide you are going to. As the weeks and months go by, you'll find you have adjusted to operating on less money.

The most significant benefit of this self imposed retirement savings plan is the peace of mind you'll have just knowing the money is there and that you are building your own financial security. You won't worry so much about money. Just knowing that cash is there will make you sleep better at night.

Think you cannot possibly put away the whole 10% to start with? Take a look at your income from a different point of view. Go over all of the vendors you pay out of your herd earned money every month and get the idea that these suppliers are all on your personal payroll. Is there anyone you can get rid of and operate without? Is there anyone you can cut back from full time to part time status? Just look at the bills that arrive every month, and those automatic deductions from your bank accounts and you'll see exactly who is on your 'payroll'.

Here is an example. I was working with the owner of a business who was having a difficult time cutting operating expenses back 10% to fund his retirement savings plan. We looked at every expense from the viewpoint that the vendor was on his 'payroll.'

Suddenly we were playing a game of firing vendors like the extra $9.95 per month third-party fraud protection on each of his credit cards. We cancelled the expiring contract on some advertising that wasn't bringing in any new business and found a less expensive alternative and saved $280 a month. We consolidated part of his debt to a low interest loan and saved over $300 in monthly finance charges. We sold a lease-purchase piece of equipment he didn't need and paid off the note. That saved him $239 a month. We even changed his bank and moved his accounts to one with no monthly account charges and got the old bank off his payroll to the tune of $25 a month. Now he has a nice pension fund building up each month.

Why is it so important to be in control of the flow of money? Money is the energy and life blood of a business. It is vital to pump it through the money making areas first to keep it running well. Everything runs smoother when adequatecash is available. And that includes you, the owner of the business. The Money Management Solutions software guides you towards making the most advantageous decisions about how to use your money to increase your income and bottom line.

Just by changing your viewpoint about how you use your business' income, you can make a fun game of building your retirement savings plan. Be the Donald Trump of your own organization. Take a hard look at who you are paying out of your hard earned cash flow. Don't be shy about saying 'You're Fired!' and pay yourself 10% first by stashing that cash in your personal retirement savings plan.

Sandra Simmons, President of Money Management Solutions, has years of experience helping business owners and individuals manage their money to become debt free. To learn more about the Money Management Software she created, watch the FREE 5-minute demo video on her website at www.moneymgmtsolutions.com