Kind of O/T: 52 week money saving challenge - Page 2

occasionalrain · ‎03-10-2010

But you won't earn any interest, seems like wasting money to me. Why not have an automatic deduction from your bank account or paycheck put into savings? I have 10% of my paycheck deducted and put into an account that pays 1.7% which is not a lot but it's a lot better than 0.

NJ Teacher · ‎04-09-2010

I started it. I am going backwards though, starting with 52 dollars last week and putting in 51 this week. I want it to get easier rather than harder as the weeks go on. I'm also thinking it will be great to see that envelope grow.

jclark73 · ‎03-10-2010

On 1/5/2014 occasional rain said:
But you won't earn any interest, seems like wasting money to me. Why not have an automatic deduction from your bank account or paycheck put into savings? I have 10% of my paycheck deducted and put into an account that pays 1.7% which is not a lot but it's a lot better than 0.

I'll earn interest if I deposit it into my interest bearing savings account. I was going to do that instead of putting it in a jar.

“The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown.” H.P. Lovecraft

sfnative · ‎03-10-2010

Am newly retired, so was looking for something that would eventually allow us to take a vacation, as we haven't had one in 15 years, due to DH job losses and loss of 401s and the economy, etc. Am really excited! Thanks so much!