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Originally Posted by innerSpaceman
no savings
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I'm horrible with money and I'm about to give advice about it. Hold on to your hats, people.
Everytime I get a tax refund it goes automatically to savings and I don't use it unless an emergency arises. Often, I'll overpay my taxes by 20 bucks or so each month to insure a refund. Then when it goes in, Ralphie and I aren't allowed to touch it. If we must, we do... but we have to replace it over the course of a couple of paychecks.
Also, we do a sweep every month. At the end of the month, we see how much is left in checking. Even if it's a few bucks, we sweep it into the Savings of No Return. Then we live off of the paychecks for that month. Whatever is left at the end of the next month gets swept.
I also have a savings account in Hawai'i still. I can automatically send deposits to it over the internet. To get it out is quite an ordeal. They can only withdraw it for me with a cashier's check that takes a couple days to process and a week to be mailed to me. The ordeal deters me from using it. So, I send money there often. (I'm saving up for a DL trip and a large freshwater aquarium.)
My 2 cents...