December 1, 2008
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26 years later I Opened a Savings Account
I dont think I need to break down or explain why I waited so
long to open a savings account. I have been working for 2 years in my career
field and spent plenty of money here and there and justified not opening a saving
account for the simple reason that my debt’s interests dont out way that of a
savings account interest. Thus I figured I should just keep all my money in my
checking account and let it dwindle away as the bills come.But like all things, I think something clicked today. I dont know how exactly,
but I think it is related to something that I picked up along the 26 years of
life. It all boils down to habits. In order to make it a habit to save, which I
dont have, I need to practice it. In the past I have justified against saving
as I would just pay off debts faster with more "liquid" moving in and
out of my checking account to bills and such. Kinda like reading the bible
everyday, gotta start doing it sometime to get into the habit.I would get quite stressed when the checking account got low
and then wonder what I would do if I lost my job with no savings. So finally
and with great satisfaction I have opened an account with the encouragement of
my roommate. I also am making him responsible for asking me if I deposited some
of my paycheck into my savings, as well as asking me if I dip into it and steal
the savings.10% a month should do well, but a min of $50 per check will
be enforced. Wish me luck with saving. It’s my first time! Be gentle! LOL
hahahahaha
Comments (14)
luck!
@Jonathan - Thanks.... I'mma need it!
One ought to save not only for ourselves but for your future family when you decide to have one someday. Nice decision.
@Norcani - Thanks, that is an excellent point.
haha just spend wisely and you'll be fine ^^
@mi1kandcerea1 - It is hard to spend money wisely as we all have different ideas of what wise spending is... hahahaha.... =D
setup auto transfers it helps.
believe it or not, I think I know someone who waited LONGER than you to open their first savings account.
I've had one since I was born. My parents would put my chinese new year cash into it every year and by the time I got to college, I was "set". I took over that account when I turned 18.
@dabruceski - Hmm... it is a good idea to have auto transfer...
@kjdragon - That is cool... I had one when I was a kid and then cashed it out when I turned 18 fora coll $130... I never contributed to it....LOL
Goo luck with the up keep...it know it would be hard for me to keep track of a savings account. Especially with money going to quickly these days, with the bad economy and all.
@tenshii_rage - I hear ya there.... but the economy is bound to crash once in a while... so I'm saving for the next crash then... I think...
Good job. Pay yourself/your future first instead of paying all those debt collectors.
@tekkaboy - hahaha.... GET PAID! but having debts just sucks too...
Comments are closed.