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Snowball Effect

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I live off my paycheck until I get paid again (14 days later), and whatever is still left in my account is moved into my savings to earn interest. So I am continually "rolling" my money over.

- Submitted by AUDIKAT007 5/12/2010 in Saving Money | 2 Comments
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Member Comments

TAHITIBLOSSOM 5/12/2010 4:05:00 PM

    Good idea but what is better is to "pay yourself first" & put it in a savings & then pay your bills. Somehow you always get the money to pay the bills & you have to consider paying yourself as a "bill" otherwise you are working in vain.
PAMELALANDIS 5/13/2010 9:31:00 AM

    This is a great idea. There are so many paydays when I have nothing to roll! I will be trying this for the times I can do it. Thanks. Pam

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