Anybody still doing the Savings Account?

Winchester

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I looked for the original thread, but can't find it. Natalie_CA had posted about saving money throughout the year, depending on the week. Starting at the beginning of January, the first week you save $1, the second week, you save $2, and so on. Several people had said they wanted to try it. I was curious as to how you're all doing. 

I'm good until the middle of July; I keep adding money as I get a few bucks here and there. As we get into the latter part of the year, it's going to become more difficult for me to continue, but we'll see how long I can go. 

Not really saving for anything in particular at this point, although I was thinking about putting the fund toward flowering trees in the front yard. Then again, I'd like to have new stair railing in the living room. We'll see.
 
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betsygee

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I'm doing it, but I keep forgetting about and then have to catch up.  
 

mservant

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I'm doing it, but I keep forgetting about and then have to catch up.  
     I try to keep up now though as it's harder catching up with the amount getting bigger.

 I want to keep going as long as I can with it.  It's been good so far as putting a little bit away to start with felt manageable. Saving anything was so daunting when I've taken a huge cut in my earnings and it showed me I could.  If I can't manage the full amount for the weeks as we get later in the year I think I'll try to put in a basic amount so I am still saving.  
 

andrya

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l'm doing it. Occasionally l forget so l have to play catch-up. Other times l throw a bunch in and forget about it for weeks. l'm a little over now but will find it more difficult to keep up as the year wears on.
 

nebula

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We don't do that, but we do similar. Currently we are working our way through Dave Ramsey's 7 baby steps, and the first "baby step" is to save $1000 for emergencies. We should have that done by this summer, and the second step is to pay off all your debts, smallest to largest- except your mortgage. In our case, it will be student loans as they are the biggest debt. The $1000 is supposed to prevent you from going into further debt while paying off debt. After that comes putting 3-6 months expenses in savings. Don't remember all the other 4 steps, but they are designed to be  a lifetime............

You can read more about it here

http://www.daveramsey.com/new/baby-steps/
 
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