Account opened!
2 months ago
I opened an account this morning and deposited 40% of my goal to it. Yay! That was a big step toward my goal.
People who have done this
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How to save 6 months of living expenses
It made me
be at peace
 "Having savings makes life less stressful when the unexpected happens."
How I did it: I started saving a little each month in college. I had about 2 month's expenses in college. Once I graduated I slowly increased my savings while paying a little extra on my student loans. Eventually I had enough for a down payment on a house! Then I had to start over - saving a little each month. As my expenses increased (house repairs, car expenses, more insurance, etc), I had to increase the amount of savings. Lessons & tips: Save $5 a a week, then $10, $100, etc. What ever you can, just set a little aside. A trick I do is I have my paycheck direct deposited to my savings account, then auto-transfer a monthly budgeted amount into my checking account for bills and living expenses. I find I save a lot more money this way.
1 person found this helpful
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More "How I Did It" stories
It made me
How I did it: I worked a higher paying (much higher paying) job for a while. I set up a bank savings account specifically for this goal, and then I set up automatic transfers to transfer money from my regular account to this account every month, and then stopped thinking about it, and now I have six months' living expenses. Hurray.It actually did not take long. I already had about half the money saved up (I don't know how long that had take… Read how I did it…
Entries
Untitled
2 months ago
I just increased my automatic weekly savings from $15/week to $25/week. It’s nice to see my savings grow a little each week and I don’t even notice I don’t have that extra money to spend.
Untitled
2 months ago
Savings is growing little by little. I don’t even miss that little bit of money each month. I hope to increase my savings once I get a new job.
While I haven't
3 months ago
opened an account anywhere yet, I have been adding to the money I have set aside for this purpose. As it sits in my drawer (yes, I realize the cliche here), it grows. :)
Money set aside
3 months ago
I’ve pulled the money out to open the new account with so I won’t spend it, but I haven’t made it near the door of another financial institution yet.
Short term goal.
3 months ago
Within the next 2 weeks I want to open an account at another institution and deposit some money. I have a little from the purchase of the property. It is meant to fix up the property, but I need a nest egg for any problems with the property. So I will put some money in that account so it is not as easily accessible to me.
TheeAmazing working diligently!
Getting there...
4 months ago
I spend way too much money eating out almost every day, but it’s tough when you live in the heart of San Francisco. Now that I’ve been in the city close to a year, I’m getting over it and I’m starting to cook and eat in more. Half way to my goal, and that includes all debts paid and full. =D
2/10/09
4 months ago
Just started saving $15/week in a new savings account I set up. It’s not much but gotta start somewhere.
2/10/09
4 months ago
Just started saving $15/week in a new savings account I set up. It’s not much but gotta start somewhere.
1/7/09
5 months ago
I just set up a goal savings acct. through my bank that deducts a set amount from my checking and puts it into the savings acct. I think this is a great idea.
