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Left-Overs On Payday


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I get paid by direct deposit and on payday I check my account online. Looking at the balance, I transfer any money left over from the previous payday into a savings account; even if it is only $20.00. You will be surprised at how fast this can add up. my savings account is actually a tax-free account where I can stash up to $5000 without paying taxes on it. Nice! emoticon

- Submitted by ANGELAWILLIAMS3 9/11/2010 in Saving Money | 3 Comments
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Member Comments

SPYDER70 9/12/2010 11:10:00 AM

    Another variation of this: everyday I don't spend money on anything, I move $10 into a savings account.
JUST_ASKS 9/12/2010 8:43:00 AM

    I love this idea. I am going to start it in October. But how is it tax free - don't you pay taxes on the interest???
SMITHANI 9/11/2010 7:49:00 PM

    Good idea. Thanks

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