katiethekettle has quit drinking too much
$2500. $500 to go!
How I did it: Well, I started off having a direct debit from my transaction account into my savings account, but ended up constantly withdrawing money from the savings account. I decided to get the savings account with a different bank that had the highest interest and also decided not to get a debit card so that taking money out would be harder.
After a while I started to take money out of the savings account, because the amount I was depositing was too high. So I cancelled my direct debit and just transferred money on the internet every pay. I found this a lot better as it meant that I could just transfer what I could afford and not end up withdrawing from savings. Also, I was being charged $5 extra each week for the bank to transfer the money for me.
I did have a few times when money was low so I took a chunk of money out of my savings, so I would suggest having maybe three bank accounts - one for everyday transactions, one for your long term savings goal, and a third where you can put money away for unexpected expenses or if you need to take time off work so aren't getting paid.
I ended up doing this and would just take money out of the unexpected expenses account rather than the savings one. Helped me a lot.
Lessons & tips: If you are like me, only put away the amount of money that you are sure you can spare. Otherwise, you will not only withdraw the money you have recently put in but also money from previous deposits.
Also, having 3 accounts is a good idea so that you don't need to go near your savings account at all.
Resources: Separate bank accounts, starting a second job, tax returns, internet banking, high interest rates :)
ReligiousProdigious is Digi-Destined
alright. i have saved 1900$. But my last paycheck just kinda… fell out of my wallet. i shouldn’t be allowed to shop online. maybe i should just leave the internet… now.
katiethekettle has quit drinking too much
so i spent about $800 in march & april, which set me back quite a bit. but now i’m up to $2419, which is pretty close!
ReligiousProdigious is Digi-Destined
Last Friday was payday! I went to the bank right after work and deposited the whole thing. And it all went into savings. Any money that gets put into my checking immediately gets spent. Seriously guys. Last week I bought loads of fiesta ware online, and a lip gloss that i don’t care to say how much.
I don’t really know what i’m going to do with the 3000$ once i’ve saved it. Maybe for an emergency, travels, my future wedding… heck! maybe i’ll save up for a scooter!
about a thousand to go. maybe this’ll be done in a month.. :]
katiethekettle has quit drinking too much
i am down to $1200, which isnt even half way to $3000.
anyway today i am adding $100 to that account, so it will now be $1300 :)
thats progress i suppose.
StupendaFanciulla is open to any solution and any happening
I actually have to have twice more if I want to stay in Italy the next year! But I’m really happy I have at least this money!
katiethekettle has quit drinking too much
have $2070.
Hopefully can add about $50 this week, and another $80 next week :)
amaze_me_ack sleeps with her eyes open and dreams without sleeping.
i wanted to have $3000 before august 1st.
DONE AND DONE!
i’m pretty excited and proud. :)