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by Positively Negative on January 21st, 2007

Positively Negative

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My man and I are trying to save money and according to our calculations we could be saving upwards of $1200 per month. However, when it comes time for the paycheck it seems that all of our money is going to bills. Any thoughts/ideas/suggestions?

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Answers. 3 helpful answers below.

  • by LynfromNM on January 21st, 2007

    LynfromNM

    Are you setting aside the savings first, or spending first? If your bills and incidental spending should leave you with $1200 per month, then take that money out FIRST. Consider it a bill, and put it into whatever savings mechanism you have. preferably something with a decent interest rate. A financial counselor at a bank or credit union can guide you to an appropriate fund or account based on your ages, goals, etc. A bank may even draft the $1200 from your deposit account (checking account) for you on a set date each month.
    It's really a mindset. Convince yourselves that the $1200 is another bill you have to pay, and do it.

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  • by hotmonga on March 27th, 2009

    hotmonga

    I would guess that you need to learn the difference between what you need and what you want.

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  • by shrinkess on March 27th, 2009

    shrinkess

    Recalculate.

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