It feels good to see some high figures in your bank account. I think I enjoy getting the money more in the first place.
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Do you enjoy saving money?
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I love it - but I may be getting a little carried away! Yesterday I opened my fourth savings account. I have a small one at my local Credit Union, ING, HSBC and I just started a money market account at TD Ameritrade. HSBC is my main account but I like to spread out the rest. I love interest!
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I love saving money, always have. I just wish my wife enjoyed it half as much as I do =)
It can add up really quickly if you have automatic savings. Right now we have 2 401ks, a roth and a 529 all automatically contributed to. After a few years you have a nice chunk of cash saved.
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Steve, I know what you mean. I just opened up a new c.d. I try and have 6 figures in everybank in town. So far, I have 3 accounts and we only have 4 banks.
I love the fact that I am making more interest in six months, then I ever earned in one year.
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I'll tell you what I really like. Last night my wife and I paid all bills for the month. And had a good amount left over.
That felt good. Is that saving? Well, yeah....I could have run right out and bought some books or something but I didn't.
I love saving money.
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When I first learned about mutual funds, I opened way too many different accounts. It was easy then because the minimums were so low. You could open an account at American Century (then it was called Twentieth century) for any amount, even $5.
I have closed some of them, but I still have too many.
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Originally posted by tabbycat31 View PostI make my savings "goal oriented" and often I will have several goals at one time. Most of my savings are in ING direct.
As I get more specific goals, another subacct will be opened for it.
We don't use ING, but use a credit union the same way. We have a Christmas Club account, a regular savings account, and a vacation account. It's nice seeing the balances rise and knowing the money is earmarked for a specific purpose.
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Last Night I felt like having a celebration. My son told me how he has started saving!!!
Most people wouldn't think that was much of a milestone.... but this is a first for 26 year old son. He's finally found a motivation to save.
The good part about this is that he's turned saving into an automatic exercise. His financial personality type would never be able to save if they didn't put it on automatic.
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Wow, that is great. I talk to every young person I meet about saving. I was trying to convince a waitress to just save $2 a day and put it away. She is only 18 so she could be rich if she would do that.
She says she spend $7 a day on cigarettes and cold drinks!
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