Savings

A Plan To Increase Our Savings Account Balance

At one time – after getting out of debt and before we purchased our new home – we had enough cash in our savings account for six months’ worth of expenses.  We dipped into our savings account when we purchased our home, to purchase new appliances and some furniture. The time has come to rebuild our savings account balance.  We…

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Savings

Make The Payment To Yourself

My wife and I have been saving up for a new-to-us automobile. Instead of financing the purchase of a newer car, we have been making monthly payments to ourselves. Each month I initiate a transfer from my local checking account to my online savings account.  (ING Direct makes these transfers super-simple to set up.) The amount transferred is equal to…

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