Submitted by Greg Go on December 22, 2006 - 18:23.
One of the best things I did while living paycheck to paycheck was to automatically send $50 from my checking to my savings account. I set it up using BofA's online banking, and forgot about it. The transfer was set to happen every two weeks, on payday. After a few months, I had a little nest egg saved up for emergencies, and the best part was that it didn't hurt at all. And I didn't give myself a chance to flake on the savings because it happened automatically.
Thanks for sharing Andrea! Great food for thought.
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One of the best things I did
Submitted by Greg Go on December 22, 2006 - 18:23.
One of the best things I did while living paycheck to paycheck was to automatically send $50 from my checking to my savings account. I set it up using BofA's online banking, and forgot about it. The transfer was set to happen every two weeks, on payday. After a few months, I had a little nest egg saved up for emergencies, and the best part was that it didn't hurt at all. And I didn't give myself a chance to flake on the savings because it happened automatically.
Thanks for sharing Andrea! Great food for thought.