Comments on: The Savings Sweep – Today’s Quick Tip

By: Helen

Helen — Fri, 09 Sep 2011 18:52:23 +0000

Like this idea…will be putting this into practice…first toward paying off our mastercard and then into savings it will go. Love your site.

By: First Knight

First Knight — Wed, 20 Jul 2011 20:13:56 +0000

Interesting idea! I actually scheduled automatic monthly transfer to savings to make sure that I save every month:)

By: Brad

Brad — Thu, 09 Jul 2009 03:23:01 +0000

I really like this idea! There have been times when we almost did this but since we didn’t “sweep” it into our savings account we ended up spending it on something else.

By: Chris @ BuildMyBudget

Chris @ BuildMyBudget — Wed, 08 Jul 2009 23:53:56 +0000

This is an excellent concept, however if you get really good with your budget you can transfer these funds when you get paid and take advantage of the interest that would be generated in whatever savings vehicle you transfer the funds to. By doing so, you are also truly Paying Yourself First! Either way, do the savings sweep so you don’t spend the extra money on junk!

By: oneadvice

oneadvice — Mon, 06 Jul 2009 15:28:50 +0000

I love the savings sweep
I think i might aim for this at the end of July (although it might be more of a payment sweep… but still a good idea!) – never done it before but your posts are so inspiring.
Keep up the good work.