Advertisement -- Learn more about ads on this site.

Secrets of Success

< Secrets of Success Main Page    Submit a Secret
0
 

Where Does Your Paycheck Go?

53

Members Were Sparked
This Sparked Me!

I deposit my paycheck into my savings account rather than my checking account. I then go online and transfer what I need, when I need it (free at my bank). Watching that balance go up makes me want to spend as little as possible.

- Submitted by RARANM 7/18/2010 in Saving Money | 3 Comments
Please note these are member-submitted secrets and are not reviewed by SparkPeople's health experts for accuracy. If you feel a secret is inappropriate, please click Report Inappropriate Secret and our staff will review it.

Member Comments

BABY_GIRL69 9/3/2010 3:53:00 PM

    Thats an idea....Thanks for sharing!
GAIAGIRL1 7/19/2010 9:52:00 AM

    Be careful of the federal regulations that only allow 6 withdrawals from savings every month. You do not want to accumulate fees when trying to save money. A way around this is to keep a minimum balance equal to one month of budget expenses. Then arrange transfers to re-imburse this minimum balance from savings with your actual bill amounts.
EGRAMMY 7/18/2010 5:13:00 PM

    Thanks for a great idea

Leave encouragement, a question, or anything else relevant to this. All comments must abide by SparkPeople's Community Guidelines.

Log in to post a comment.

Related Secrets

Diet Resources: best exercise for weight loss | black beans diet | black beans weight loss
FALSE False