Saving Money
It was a pretty expensive December for us, with Christmas, my truck breaking down, and record snowfalls requiring a snowblower. Thankfully we have a nice chunk of cash is savings.
I think saving money is just as addictive as spending it. Back in my college years I had the problem of spending too much. I got into a little credit card debt. It wasn’t too bad, but bad enough that I learned my lesson. When we wanted to move into a house we couldn’t because of my credit cards. We settled for a mobile home and vowed to knock out the credit cards.
They have been paid off for quite a few years now, and we have been in our house for a year and a half. Now, every payday, I look forward to added more to our savings. It’s a great feeling to know that if something disastrous were to happen, we would probably be ok money wise.
I am not much for New Year’s resolutions, but I do plan of trying to put more money into our savings. I calculated that we put about 15% of our income into savings last year. My goal it to try and put 20-25% into savings this year.
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Becky
I know what you mean about saving money becoming addictive. Back before I lost my job, I was stashing at least $200 out of every paycheck into my 2 savings accounts if not more (since I had paid off both of my credit cards). I was really pushing to have enough saved up to cover closing costs so I could start house hunting at the end of the summer of 2009. Of course, the job loss kinda stopped that trend. I'm back at work, but it might only be for 3 months. But once I'm back at a permanent job (i.e. not a contract job), I'll be stashing away as much as possible into savings.
Becky
I know what you mean about saving money becoming addictive. Back before I lost my job, I was stashing at least $200 out of every paycheck into my 2 savings accounts if not more (since I had paid off both of my credit cards). I was really pushing to have enough saved up to cover closing costs so I could start house hunting at the end of the summer of 2009. Of course, the job loss kinda stopped that trend. I'm back at work, but it might only be for 3 months. But once I'm back at a permanent job (i.e. not a contract job), I'll be stashing away as much as possible into savings.