Comments on: Automated Saving Makes Saving Money Easy http://amateurassetallocator.com/2010/02/08/automated-saving-makes-saving-money-easy/ Amateur Asset Allocator Tue, 22 May 2012 02:58:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Lulu http://amateurassetallocator.com/2010/02/08/automated-saving-makes-saving-money-easy/comment-page-1/#comment-7172 Lulu Tue, 09 Feb 2010 18:25:43 +0000 http://amateurassetallocator.com/?p=3790#comment-7172 I actually have my savings automated as well and it is classified as a 'bill' on my budget. I also use ING and have automatic transfers from my main account to a savings sub account and since ING does the work for me I just sail through. I have to learn to let the money just sit, because I have dipped into the savings as emergencies came up. I had not built up enough of an emergency fund to carry me through one month so I had to totally deplete my emergency fund to take care of unexpected things. My plan for this year is to cut my expenses so that I can let my savings just build up and then the emergency fund can cover the emergencies. I actually have my savings automated as well and it is classified as a ‘bill’ on my budget. I also use ING and have automatic transfers from my main account to a savings sub account and since ING does the work for me I just sail through.

I have to learn to let the money just sit, because I have dipped into the savings as emergencies came up. I had not built up enough of an emergency fund to carry me through one month so I had to totally deplete my emergency fund to take care of unexpected things.

My plan for this year is to cut my expenses so that I can let my savings just build up and then the emergency fund can cover the emergencies.

]]> By: Dirac http://amateurassetallocator.com/2010/02/08/automated-saving-makes-saving-money-easy/comment-page-1/#comment-7166 Dirac Tue, 09 Feb 2010 16:16:54 +0000 http://amateurassetallocator.com/?p=3790#comment-7166 In the beginning I would put saving ahead of even paying down debt just to create the 'saftey net.' Not a crazy amount but maybe $2000. This is not an investment per se. This is a parachute. Once you have this, start killing off the high interest stuff but even then I would put a something into savings, again, not for the interest but to cushin the blow if you fall financially. In the beginning I would put saving ahead of even paying down debt just to create the ‘saftey net.’ Not a crazy amount but maybe $2000. This is not an investment per se. This is a parachute. Once you have this, start killing off the high interest stuff but even then I would put a something into savings, again, not for the interest but to cushin the blow if you fall financially.

]]> By: FFB http://amateurassetallocator.com/2010/02/08/automated-saving-makes-saving-money-easy/comment-page-1/#comment-7159 FFB Tue, 09 Feb 2010 05:53:54 +0000 http://amateurassetallocator.com/?p=3790#comment-7159 Good intentions are never enough when it comes to saving. Making it automatic to meet your goals makes saving a reality. Good intentions are never enough when it comes to saving. Making it automatic to meet your goals makes saving a reality.

]]> By: Keith Morris http://amateurassetallocator.com/2010/02/08/automated-saving-makes-saving-money-easy/comment-page-1/#comment-7155 Keith Morris Tue, 09 Feb 2010 02:29:13 +0000 http://amateurassetallocator.com/?p=3790#comment-7155 This is one of my goals for this year. I did finally create a budget, but I want to track it for a few months before I start automating everything. LifeTuner's 10 Minute Guide To Budgeting makes a good case for why budgets matter: http://www.lifetuner.org/topics/26-budget/articles/25-your_10_minute_guide_to_budgeting This is one of my goals for this year. I did finally create a budget, but I want to track it for a few months before I start automating everything.

LifeTuner’s 10 Minute Guide To Budgeting makes a good case for why budgets matter:

http://www.lifetuner.org/topics/26-budget/articles/25-your_10_minute_guide_to_budgeting

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