4 replies
  1. Rachael says:

    Our income is direct deposit. I auto transfer a set amount into savings. When it automatically comes out, you don’t have to decide whether to save it or not, and that savings account is ‘off limits’.
    When we first started and were beyond broke it was $10/week. We’ve been going strong for several years, increasing the amount transferred as we’re able. There is such peace knowing that we can handle a small emergency.

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  2. Sarah Herr says:

    Thank you, Mary, for all of your money saving tips and advice! It is very helpful to me. Sometime throughout 2019 I started your “Do not spend your coins, $1 or $5 bills tip. I was surprised at how much accumulated in the jar. I have decided that every time I reach $100.00 in the jar, I will deposit that into my savings account.
    At the end of the year I always take time to reflect on the previous year and plan for the year ahead. I take time to set up my budget for the coming year. My goals are to get 6 months worth of living expenses in an emergency fund, and save to replace my vehicle with something a little newer. I have calculated how much I need to save per month to reach the first goal, but haven’t entirely figured out the 2nd one yet.

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  3. Maxilyn says:

    My income is direct deposited. When it is, a certain amount is automatically transferred to my savings account. What I don’t see, I don’t spend. My credit card is cash back that I can apply to the balance or use to buy gift cards for Christmas and birthdays. Think I’ll start saving $5 bills as well.

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  4. Kay Jones says:

    I started something 50 years ago and still do it today. When you enter a deposit in your checkbook, round it down. When you enter a purchase, round it up. At the end of the month when you close out the month you will see a larger amount in your checking account than you show in your records. Put that difference in your savings account. This can establish the savings habit when you literally are just scraping by. I already show a difference of $25 this month, and it’s only the 6th. It adds up and you really don’t miss it.

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