Comments on: Put Your Savings On Autopilot! http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot Family, Fitness & Finances Sun, 14 Mar 2010 16:25:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jennifer @ Money Saver 101 http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-2469 Jennifer @ Money Saver 101 Thu, 12 Feb 2009 22:02:26 +0000 http://www.ezgreatlife.com/?p=76#comment-2469 LOL - I know what you mean about friends complaining they don't have enough money and can't pay down their debt, as they're browsing an expensive department store trying on shoes they already have 3 pairs just like them at home. I've always heard that your emergency fund should have 8 months worth of funds to pay the bills. I might be remembering wrong, though. I personally don't understand why people get emotional putting money into savings. I get emotional taking money out, even if the money is being used for something that's necessary. If it's a large sum of money, my heart starts pounding and I get anxious. I'd rather have the money in the bank just in case whenever possible. Not having that cushion makes me really really nervous. <abbr><em>Jennifer @ Money Saver 101s last blog post..<a href="http://moneysaver101.blogspot.com/2009/02/5-ideas-for-budget-friendly-romantic.html">5 Ideas for a Budget Friendly, Romantic Valentine's Day</a></abbr></em> LOL – I know what you mean about friends complaining they don’t have enough money and can’t pay down their debt, as they’re browsing an expensive department store trying on shoes they already have 3 pairs just like them at home.

I’ve always heard that your emergency fund should have 8 months worth of funds to pay the bills. I might be remembering wrong, though.

I personally don’t understand why people get emotional putting money into savings. I get emotional taking money out, even if the money is being used for something that’s necessary. If it’s a large sum of money, my heart starts pounding and I get anxious. I’d rather have the money in the bank just in case whenever possible. Not having that cushion makes me really really nervous.

Jennifer @ Money Saver 101s last blog post..5 Ideas for a Budget Friendly, Romantic Valentine’s Day

]]> By: Financial Advice http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-395 Financial Advice Sat, 31 May 2008 13:38:13 +0000 http://www.ezgreatlife.com/?p=76#comment-395 I would also stay away from larger financial institutions because they tend to prey on the uninformed and kill them on fees / commissions etc. I would also stay away from larger financial institutions because they tend to prey on the uninformed and kill them on fees / commissions etc.

]]> By: John http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-371 John Wed, 28 May 2008 02:17:08 +0000 http://www.ezgreatlife.com/?p=76#comment-371 Good for you! That's great! You are exactly right, you won't miss it. And if you gradually increase the amount over time, you will accumulate a tidy sum in no time. Keep up the great work! Good for you! That’s great! You are exactly right, you won’t miss it. And if you gradually increase the amount over time, you will accumulate a tidy sum in no time. Keep up the great work!

]]> By: Tom Parker http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-362 Tom Parker Sun, 25 May 2008 16:43:47 +0000 http://www.ezgreatlife.com/?p=76#comment-362 Reading this post is almost like deja vu. Just yesterday I set up a regular savings account which automatically takes the money from my current account the day after I get paid. I am a recent University graduate and have only just started working full time. I got my first payment the Friday just gone and I decided that if the money goes straight into a savings account now I am not going to miss it because I will never get the opportunity to spend it. Reading this post is almost like deja vu. Just yesterday I set up a regular savings account which automatically takes the money from my current account the day after I get paid. I am a recent University graduate and have only just started working full time. I got my first payment the Friday just gone and I decided that if the money goes straight into a savings account now I am not going to miss it because I will never get the opportunity to spend it.

]]> By: John http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-338 John Thu, 22 May 2008 06:31:58 +0000 http://www.ezgreatlife.com/?p=76#comment-338 @Heidi - I hope you will start saving. It is so important to our future. Most of us are terrible at saving, it just takes time to get used to it. Eventually, it becomes second nature and you don't even think about it. @Blake - You bet the government understands "Pay Yourself First". They also love it when we overpay our taxes and take it in the form of a refund at the end of the year. @Heidi – I hope you will start saving. It is so important to our future. Most of us are terrible at saving, it just takes time to get used to it. Eventually, it becomes second nature and you don’t even think about it.
@Blake – You bet the government understands “Pay Yourself First”. They also love it when we overpay our taxes and take it in the form of a refund at the end of the year.

]]> By: Blake http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-325 Blake Mon, 19 May 2008 20:12:02 +0000 http://www.ezgreatlife.com/?p=76#comment-325 The government knows the importance of getting paid first, as they have a first crack at paychecks before employees do, so why shouldn't we do the same? It's harder to blow the budget when the important stuff is taken care of right away. Nice stuff John! The government knows the importance of getting paid first, as they have a first crack at paychecks before employees do, so why shouldn’t we do the same? It’s harder to blow the budget when the important stuff is taken care of right away. Nice stuff John!

]]> By: Heidi http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-314 Heidi Sun, 18 May 2008 02:37:53 +0000 http://www.ezgreatlife.com/?p=76#comment-314 This is a great post and it makes me even more aware that I really need to start saving more money. I hate to admit it but I am terrible with saving money. This is a great post and it makes me even more aware that I really need to start saving more money. I hate to admit it but I am terrible with saving money.

]]> By: John http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-312 John Sat, 17 May 2008 14:10:22 +0000 http://www.ezgreatlife.com/?p=76#comment-312 Hello Axecity, Robin & Loraleigh! You're welcome! I strongly believe that saving money, while not a very fun thing to do is EXTREMELY important! Hello Axecity, Robin & Loraleigh! You’re welcome! I strongly believe that saving money, while not a very fun thing to do is EXTREMELY important!

]]> By: Loraleigh Vance http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-309 Loraleigh Vance Fri, 16 May 2008 19:03:45 +0000 http://www.ezgreatlife.com/?p=76#comment-309 Always good advice John. Thanks for the reminder! Always good advice John. Thanks for the reminder!

]]> By: Robin http://www.ezgreatlife.com/2008/05/15/put-your-savings-on-autopilot/comment-page-1#comment-307 Robin Fri, 16 May 2008 16:51:16 +0000 http://www.ezgreatlife.com/?p=76#comment-307 Hi John, This is a great article for people that have a hard time saving money. I know money is tight, but every little bit that you can put back helps. When I was working a public job, I did use the automatic savings account. It was nice to have! :-) Hi John,
This is a great article for people that have a hard time saving money. I know money is tight, but every little bit that you can put back helps. When I was working a public job, I did use the automatic savings account. It was nice to have! :-)

]]>