(no subject)

[velvetechos]

Okay I'm extremely proud of myself! I set up my bank account to allocate $250 into savings twice a month, so I'll be putting $500 into savings, plus I have my ING Savings account taking out $250 a month. I figured with no rent, no mortgage, and no car payments I should be putting about the monthly amount I'd spend on those items normally into savings - instead of just spending that money :D :D :D

Also, I set up another savings account for Matt and I that is linked to our joint account, soley for home improvement projects, because we transfer money monthly from our joint checking to our joint savings (whatever isn't used on bills/grocery in our joint checking gets dumped into our joint savings - so having seperate for home improvement makes sense, that way it can build up if it's for a larger project and won't accidently go into our joint long term savings).

I feel very responsible at the moment!

Comments

[chicachellers.livejournal.com]

Wow go you. That's awesome that you've set all of that up and now should be saving lots of money :)

[velvetechos.livejournal.com]

Thank you chica :D I have so many things I want to do to my house, hehehe, need to put funding aside to do it!

[sininlinens.livejournal.com]

Good job!! I did something similar yesterday. I set up a Savings account so that I could put 1K in it, which will go towards the stuff I need to buy for my Senior Show in November. Instead of having it in my checking, where I could accidentally spend it on something else, it's safe now! I doubt I'll even use that much, but it's nice to know if I did need to it's there... I also have my savings set up to move $5 a month. Not the same as $250, but it's something! :)

We're so adult!

[velvetechos.livejournal.com]

$5 a month is just fine! It gets you used to just ignoring money that goes out of your account (I had a bad habit when I was a teenager of taking money back out of savings :O ), and eventually you can build up to larger amounts if you want to!