Savings Speak
July 30th, 2009 at 07:53 pmSo...as we are paying down the last of debt, I really would like to start focusing on savings. My goal is to save $700 a month in various accounts (for various reasons, i.e. short, mid, and long term). I have updated my side bar to reflect this goal.
I would REALLY like to start adding a little bit at a time to our IRAs... Do you automate your deposits? Or do you just transfer the funds when you have them available?
I am only allowed so many direct deposits from my paycheck (and my husband even less)... with all of accounts and subaccounts... I have been making one transfer to the main account, and then transferring funds within. For example, I have 7 ING accounts, all for different goals. I usually put the money in the HOUSE (down payment for) account, and then disburse accordingly. Seems like a lot of work.
Is your savings on auto pilot? Any tips?