Quote:
|
Originally Posted by jhd815
the only advice I have to offer is to save something ... it's better than saving nothing.
|
That's absolutely true.
If you save $1 a day that adds up to $365 a year which could easily pay for a unexpected $300 car repair bill. Can you save $1 a day ? maybe $2 a day ? add a little bit of compounding interest + $25 from INGdirect.com and you just built yourself a small emergency fund.
If you can't save $1 a day, post your expenses here and let's see where you can possibly cut back.
One thing though, savings needs lots of patience...it takes a while to build them up but don't let that discourage you. Just stay focused by setting a goal for 1 yr and then dividing that by 12 to see how much you need to save each month to realize that goal. Then divide that up to see your weekley and daily savings goal.