Am I too proud of myself?

[CRFSaver]

Re: Am I too proud of myself?

The key point being she isnt saving 1500 a month. She might be making a dollar or so in interest but moving money around different accounts is not savings..

[rob62521]

Re: Am I too proud of myself?

Yes, you should be proud of yourself for starting a plan and sticking with it! It's all relative on the amount saved. Perhaps you can save $100 a month and someone else can easily save $500. Both of you would be doing something many don't and that's actually saving something. Someone else posted that saving is addictive -- once you see how much it grows you are eager to save more. Truer words were never typed! LOL Keep up the good work and worry about youself -- not what about other folks say. Some people are eager to share what they do, but often it boils down they were not honest.

[BAGAGT1]

Re: Am I too proud of myself?

Hell ya! you should be proud. You are taking steps to improve your financial future. The important thing to remember, is that saving takes time. Saving is addictive, so be patient, if you have an opportunity try to save via 401k, and don't pass up on any free money.

[Bluezy]

Re: Am I too proud of myself?

I have a friend who puts 1500 a month into her savings account. Then on the 20th she withdraws it to pay a mortgage.

Hi Mom!

Your friend simply might be securing the $1500 mortgage note by making sure the money is not inadvertantly touched. I can't blame her for that, but I would make sure that there are no penalties for her withdrawl.

One way that could work would be to transfer monies for your bills to an Emigrant Direct or ING account where it would accrue the most interest. Then it could easily be transferred back into the banking account used to pay the bills.

Good luck to you and your friend!

Bluezy