spitfire06
I need to learn how to start and keep a savings account..
November 21, 2012 at 8:34 AM

Any advice?

Replies

  • suziejax
    November 21, 2012 at 10:44 AM

    diligence is key! How bad do you want the savings account? save what ever you can each pay check even if only a few dollars. Start there and build it up slowly each week if you can.

    It took a while but we went from savings only 5 -20 a week to now between our savings and the kids we save at least 400-600 a month now. Varies from month to month the amount but its much larger than were we started.

    Also get debt free! Pay off bills and you will save a ton!

    Read Total Money Make Over by dave ramsey it changed our life for the better in so many ways!

  • jbyrd898
    November 21, 2012 at 1:13 PM

    Have savings taken straight out of you paycheck. Use a different bank then you normally do, and dont get an ATM card with it. This has helped us.

  • AzariahsMother
    November 21, 2012 at 2:47 PM

    I would go to your local branch on where you are planning to start a savings accout and let them know what you are looking to do with it.  They can be very helpful in planning and saving. 

  • Stevensmomma
    November 21, 2012 at 5:08 PM

    i couldnt have put it any better than this ! :)

    Quoting suziejax:

    diligence is key! How bad do you want the savings account? save what ever you can each pay check even if only a few dollars. Start there and build it up slowly each week if you can.

    It took a while but we went from savings only 5 -20 a week to now between our savings and the kids we save at least 400-600 a month now. Varies from month to month the amount but its much larger than were we started.

    Also get debt free! Pay off bills and you will save a ton!

    Read Total Money Make Over by dave ramsey it changed our life for the better in so many ways!


  • sarah.xo
    November 21, 2012 at 5:10 PM
    I was thinking the same thing.

    Quoting Stevensmomma:

    i couldnt have put it any better than this ! :)

    Quoting suziejax:

    diligence is key! How bad do you want the savings account? save what ever you can each pay check even if only a few dollars. Start there and build it up slowly each week if you can.

    It took a while but we went from savings only 5 -20 a week to now between our savings and the kids we save at least 400-600 a month now. Varies from month to month the amount but its much larger than were we started.

    Also get debt free! Pay off bills and you will save a ton!

    Read Total Money Make Over by dave ramsey it changed our life for the better in so many ways!


  • proudMom2634
    November 21, 2012 at 10:34 PM

    same here..

    Quoting sarah.xo:

    I was thinking the same thing.

    Quoting Stevensmomma:

    i couldnt have put it any better than this ! :)

    Quoting suziejax:

    diligence is key! How bad do you want the savings account? save what ever you can each pay check even if only a few dollars. Start there and build it up slowly each week if you can.

    It took a while but we went from savings only 5 -20 a week to now between our savings and the kids we save at least 400-600 a month now. Varies from month to month the amount but its much larger than were we started.

    Also get debt free! Pay off bills and you will save a ton!

    Read Total Money Make Over by dave ramsey it changed our life for the better in so many ways!



  • sparkyco2
    November 22, 2012 at 11:56 PM

    one thing i do besides putting money in a savings account is save all my change from breaking bills and toss it into my purse each time i do it.  at the end of the week i empty all the change i have in my purse into a jar and save it there when the jar is full i take it to the bank OR sometimes i we really really need something for our home i will use it for that.  the last time i turn in my change i had approx 425.00 after saving it for a little less that a year.

    OH and Dave Ramsey is a MUST READ, it helped me see the craziness in the credit cards and now we have one with a very low limit the rest of ours are paid off and we had over 15,000 in CC debt, it felt like a huge stress relief to me to finally get rid of it.

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