Wow this financial tune up is perfect! Today is Automatic Savings – I currently have an ING Orange account and it is connected to my Chase account. I set up a savings account years ago but never regularly put money in it – it was mainly there to hide money from me LOL and only the initial deposit of $500 is what sat there. I think after a year I had $507.12 or something like that – well was not a great way to count on “making money” right?
When I went through Dave Ramsey’s Financial University, I learned more about how I could use this ING account – when I researched I was able to create up to 5 sub accounts and have money automatically added there so to save or to plan for bills – I knew I could not just keep the cash for big things like property taxes and vehicle registrations so I found away to work with my flaws!
I have the 5 accounts set up – $10 a week goes into a Christmas fund so at the end of the year we have $520 already put away to use in conjunction to what we purchased all year long (little things here and there). I have $12.50 a week going into the care registrations so all of the tags are covered when the DMV notices come in! Plus I set up $12.50 per month to cover the property taxes on the property we own in Texas – we were super late one time with that property and could have lost it so not anymore! I also have set up $12.50 per week to go into a Truck Fund for a down payment for a new truck for Jodie, he works so hard he deserves it. The accounts are out of site enough that we don’t follow the balances but close enough we know where we are and have it ready when the bills come around!
We have gotten organized so much that we send his mom and dad $50 every two weeks just to help a little.
Jodie would tell me – what is $10 per week going to do? And I always say it adds up – every dollar counts!
My goal is to increase this! The main savings account – well we depleted it when we have a vehicle repair – but that is what Dave said it would be there for emergencies! And it worked perfect. With my automatic deposit in that one I have it back up over the first $1000 that we are to save and now focusing on $15000 (the three months of income we should have covered – that gives us that and then some)
I am so excited to be able to look at this section and see my growth from where I was just a few years ago! My total debt number (not including the home) is lower then just one of our credit card balances was! Thank you Donna Partow for the time to focus and and see I am on track!
Dear Lord I Pray…
Dear Jesus… thank you for this detailed look and the praise you are sending Jodie and I for the hard work we have done to clean up that mess! The rewards you have given us I don’t take lightly – I know I still do not make all the right choices but I pray that you will continue to advise me and I promise to continue to listen and I promise to take my time in making those decisions that require real evaluation when it comes to spending and saving! In Your Name Amen!