Secrets of Success

Save What'S Left In Your Checking Account




Decide how much money you need to get from one pay day to the next. On the day you are paid, take whatever is left in your checking account, plus anything over your normal expenses & place it in a savings or money market account. Let's say your take home pay is $2000 & you figure you need $1800 to get to your next pay day. And say you have $25 left in your checking account. Deposit $225 into savings immediately.. (click title for more info)

More Information:

That $225 is the difference between your $2000 paycheck & the $1800 needed for expenses plus the $25 left in your account. Then live within your $1800 goal. You may have to give up a few things if you have an unexpected expense, but you can save thousands every year by doing this.

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Member Comments

  • STORMY724
    Addendum to my "secret": I suggest recording each deposit along with a running total in a notebook, ledger or a computer document (word processing or spreadsheet.) Or use money-management software such as Quicken. It is so motivating to see your account grow. Once I started doing this I attempted to spend less so I'd have more money to deposit each month. There were times when I had only $5 left in my checking account on payday, but lots of times I had $200, even $400 to add to my savings account. At the same time, I kept a similar record of debt & loved watching it diminish to $0. - by STORMY724
  • great idea and esy to do! thanks!! - by LADYBUG0805
  • emoticon one day this will be possible
    - by AZDREAMS

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