Secrets of Success

Where Does Your Paycheck Go?



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.

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Member Comments

  • Thats an idea....Thanks for sharing! - by BABY_GIRL69
    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. - by GAIAGIRL1
  • Thanks for a great idea - by EGRAMMY

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