Month: June 2015

Saving plan

I thought I would give a tip

Hi. I have only been on the blog for a few days and have enjoyed reading all of the posts.

I thought I would give a tip that I have been using for the past few years. I call it my yearly savings. What this money is for is all those things that come up during the year that you have to pay. Something like a Christmas Club but more.

Some of the things that I save for are:

Christmas ……………………………………………….500
Pets yearly Shots…………………………………………100
Heartguard (year supply) …………………………………..30
Years supply of disposable contact for daughter ……………..140
Car Tags………………………………………………….25
Car Inspection ……………………………………………40
Daughters Bday …………………………………………..100
Sons Bday………………………………………………..100
Yearly School pics…………………………………………80

Total above $1115

I then take the total amount I need for the year and divide by 12. Which equals $93. (I rounded up) this is the amount that I put into a savings account. And when one of those things on my list come up, I have the money to pay for it already.

My actual yearly savings is higher. I put $222 back every month for these items that I pay throughout the year. It is so nice when the pets shots come due and I already have the money. And no more monthly trips to buy my daughter contacts. I now just get all that she will need for the entire year.

The first year I started doing this was hard. I hate knowing I have money somewhere and can’t touch it. But after doing it for a year I loved it. And I don’t touch this money for ANY REASON! Not even an emergency. Because these things are going to happen even if I have an emergency and if I were to spend it I would be in double trouble.

I hope this tip can help someone. It has been a life saver and it helps me to have peace of mind.

Thanks.

(I am not very good at writing and explaining things. If a sentence sounds strange it’s cause my mind was going to fast and my fingers couldn’t keep up. 😉