Every morning, I go on and check my bank account. Whatever is in the .__ spot, like whatever change is left in my checking acct that morning, I transfer it into my savings. That way I have an even number in my checking acct, and I save money.
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I have saved $6 so far in about a week... when it is hard for someone to save money because you can barely pay bills, this is definitely a good way to save!!
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If you have the option to join Bank of America, they do this automatically for you every time you use your check card. It rounds up the purchase to the next whole dollar amount. I don't think I'd do it myself every day, but since it happens automatically it's really easy to save!
SOOKIE10/7/2010 10:29:00 PM
I think this is a fantastic idea. I won't due this daily, but would do this weekly. I don't see anything negative about doing this everyday; I know people that check their account on a daily basis.
Good tip, thanks for sharing.
TTGIRL20108/10/2010 9:50:00 AM
I actually think this is a fantastic idea!! I online do online banking and check my account daily too. Thanks for the great tip. I will be doing this shortly!! kudos!
JBINAUSTIN8/10/2010 2:14:00 AM
Does that make it harder to balance your checkbook?
JEREMY7238/9/2010 4:07:00 PM
Not to be negetive, but you do this every day?
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Every few days I transfer the last "few dollars & change" from my checking account to my savings account. I like to keep my checking account even. So, if I have 333.50 in my checking account, I transfer $3.50 to savings. It's not so much that I miss it, but it's builds up over time in the savings account.
We had separate savings and checking accounts when the money market accounts appeared. We joined our savings and checking accounts into a money market account that paid interest. Guess what happened? The money all seemed to disappear.39 Now different accounts manage our savings.
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We have the accounts in credit unions and accounts that pay interest. Each account is used to pay different types of expenses, such as taxes or vacations, Since we never see the total amount of our savings and/or checking accounts, we spend according to what is available in the designated account.
Every morning I log into my online banking and transfer the change from my checking account into a savings account. e.g. If my account balance is $10.17 I transfer $0.17 into savings. 67
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