Comments on: Pay Yourself First! http://www.moneyunder30.com/pay-yourself-first Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jessc098 http://www.moneyunder30.com/pay-yourself-first/comment-page-1#comment-1776 Jessc098 Sat, 28 Feb 2009 19:25:57 +0000 http://www.moneyunder30.com/pay-yourself-first-how-to-do-it-and-how-it-works#comment-1776 Have you checked out SmartyPig? I've just started using them. I like that it automatically withdraws from my checking account. Since I'm self-employed I can't use this feature from my handy payroll department 'cause it's just me! Smartypig.com allows you to share your savings goals (kids college, home downpayment or nursery decor anyone?) My kids love it. We're using it to save up for our next adoption. The kids always want to know "what's in the pig mom?" SmartyPig is free, and offers an EXCELLENT rate, and it's a transaction engine in front of a real-live bank. Good luck in your savings, Jessica Have you checked out SmartyPig? I’ve just started using them. I like that it automatically withdraws from my checking account. Since I’m self-employed I can’t use this feature from my handy payroll department ’cause it’s just me! Smartypig.com allows you to share your savings goals (kids college, home downpayment or nursery decor anyone?) My kids love it. We’re using it to save up for our next adoption. The kids always want to know “what’s in the pig mom?”
SmartyPig is free, and offers an EXCELLENT rate, and it’s a transaction engine in front of a real-live bank.

Good luck in your savings,
Jessica

]]> By: Adam http://www.moneyunder30.com/pay-yourself-first/comment-page-1#comment-1774 Adam Mon, 13 Oct 2008 12:38:47 +0000 http://www.moneyunder30.com/pay-yourself-first-how-to-do-it-and-how-it-works#comment-1774 I'm lucky enough to have just paid my car off. I've started taking that money surplus and splitting it in half. Every month half is going to an FNBO Direct account, and the other half is going into a non-retirement mutual fund account (earmarked for future cars and/or emergencies). It never bothered me to shell out the money on a car, so before I even got used to having that extra money around, I redirected it. On top of that, I've had a 401(k) through work, and a Roth IRA, for several years. So far, I've got nearly a year's worth of my current salary between my 401(k) and my Roth (I'm 28). I’m lucky enough to have just paid my car off. I’ve started taking that money surplus and splitting it in half. Every month half is going to an FNBO Direct account, and the other half is going into a non-retirement mutual fund account (earmarked for future cars and/or emergencies). It never bothered me to shell out the money on a car, so before I even got used to having that extra money around, I redirected it.

On top of that, I’ve had a 401(k) through work, and a Roth IRA, for several years. So far, I’ve got nearly a year’s worth of my current salary between my 401(k) and my Roth (I’m 28).

]]> By: dana http://www.moneyunder30.com/pay-yourself-first/comment-page-1#comment-1775 dana Sat, 11 Oct 2008 03:03:46 +0000 http://www.moneyunder30.com/pay-yourself-first-how-to-do-it-and-how-it-works#comment-1775 I turned 29 last month, and I have had things automated for a while. I pay myself first by saving a little over 30% of my take home every month, divided between my regular bank savings account (for expenses a few times a year like car insurance), a high yield savings account, and my IRA. I started saving for retirement when I could enroll at my first job, and then rolled it into that IRA when I left. I work for a small company now with no retirement plan so I continue to fund the IRA. My goals for 2009 are to start doing other kinds of investing, open a Roth IRA, and buy a new Mac and software so I can do more freelance design work to supplement my income. I turned 29 last month, and I have had things automated for a while. I pay myself first by saving a little over 30% of my take home every month, divided between my regular bank savings account (for expenses a few times a year like car insurance), a high yield savings account, and my IRA. I started saving for retirement when I could enroll at my first job, and then rolled it into that IRA when I left. I work for a small company now with no retirement plan so I continue to fund the IRA.

My goals for 2009 are to start doing other kinds of investing, open a Roth IRA, and buy a new Mac and software so I can do more freelance design work to supplement my income.

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