tag:blogger.com,1999:blog-5601819916630680133.post8993107864133249621..comments2024-01-23T23:07:00.959-08:00Comments on GRACEful Retirement: Saving & Budgeting--Two Entirely Different ThingsGrace.http://www.blogger.com/profile/03557395027685855901noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5601819916630680133.post-17998991233875075012011-09-19T18:32:30.321-07:002011-09-19T18:32:30.321-07:00Your post had me trying to remember how hubby and ...Your post had me trying to remember how hubby and I developed the habit of taking savings off the top. I think we both brought that habit with us from parental training. Tithe off the top and savings next. <br /><br />Like your experience, we didn't miss it when that money was already out of the checking account.LChttps://www.blogger.com/profile/08369350929348290480noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-74630517379847273342011-09-14T18:56:38.091-07:002011-09-14T18:56:38.091-07:00Grace, I do BOTH. I "pay myself first" ...Grace, I do BOTH. I "pay myself first" - just for general savings. Then, at the end of the month, I allocate any thing "left over" to specific savings categories. (September feels like the "first" of the year to me, too... a school thing, I guess...)<br />Rock on,<br />NCNNCNhttp://www.ncnblog.comnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-74387455156744314832011-09-10T20:19:19.978-07:002011-09-10T20:19:19.978-07:00I am the same way - money goes straight into my sa...I am the same way - money goes straight into my savings every month on payday, and I dole out money into checking every week for that week. It's definitely a mental thing, and it works for me to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-72509012437940246732011-09-07T05:19:09.573-07:002011-09-07T05:19:09.573-07:00That's a big part of the David Bach method (&q...That's a big part of the David Bach method ("Smart people finish rich"). Also what we do with the majority of our savings.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-14240297581852967002011-09-06T18:08:37.839-07:002011-09-06T18:08:37.839-07:00Hi Grace,
About the only advice that I give to yo...Hi Grace,<br /><br />About the only advice that I give to young people is to 'pay yourself first'. I tell them to start with $20 a paycheck and increase every six months and do not touch it. The only reason that I'm doing okay today is because of paying myself. I got laid off in 2006 and had a tidy sum.<br /><br />PattiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-22398703451265790782011-09-06T16:30:33.622-07:002011-09-06T16:30:33.622-07:00Great article. I have always had my paycheck dire...Great article. I have always had my paycheck directly deposited into my savings account. Every month I deposit enough into my checking account and take out my spending money in cash. The end result is that there is no extra in the checking account. Extra is in the savings account. Not inaccessible, but it put a little more thought behind 'extra' purchases.<br /><br /><br />TENAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-45126968906928324452011-09-06T14:34:25.436-07:002011-09-06T14:34:25.436-07:00The financial wizards all say to Pay Yourself Firs...The financial wizards all say to Pay Yourself First. That is what you are doing with your $50.Suzi In BGnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-20530254881985531262011-09-06T13:45:27.365-07:002011-09-06T13:45:27.365-07:00Mind games work for me...:)!
I've found it...Mind games work for me...:)!<br /><br />I've found it's harder to save money than pay off debt...isn't that strange??<br /><br />Good luck with your savings!Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-85900906146119175892011-09-06T11:50:35.418-07:002011-09-06T11:50:35.418-07:00That is a really great idea. I think I will set 5...That is a really great idea. I think I will set 50.00 of one of our checks to go right into our savings. My hours are being cut but my husband is getting a few hours of OT so it should balance out. <br /><br />600.00 would be a nice amount for summer vacation or something. <br /><br />Thanks<br />JudyAnonymousnoreply@blogger.com