That way you *never* see the money pass through your checking account. You can give yourself a raise when you need it, but otherwise the money goes directly into a higher yielding account.

Set that up at Vanguard (because, after all, they’ve got the best mutual funds). Pick something like the Prime MMF for the account you deposit into. That’s your “emergency fund”. Once it grows to a suitable size which, if you follow this method, won’t take long then add in a monthly transfer from that account into a TR account.

Voila. A drop-dead easy way to hide your money from yourself and save for the future, requiring only only two mutual funds (the MMF and TR fund).