PERSONAL SAVINGS: Do you save a fixed amount every month?
By thrwbckjay67
@thrwbckjay67 (2870)
United States
February 1, 2008 6:08pm CST
With my going back to school and trying to earn my Master's degree, my wife and I have been hard-pressed to pay off our bills and still have room for savings like we used to. However, we still make the effort to save some money. Right now, we get paid on alternate weeks, so we have income coming in from our jobs every week. We've decided to send $50 a week into our savings account. It's not a lot, but an extra $200 a month potentially could do us well in the long run.
Do you have a fixed amount that you save every month, or do you save when you have extra funds? How do you plan on saving in the future if you haven't started yet?
1 person likes this
2 responses
@Farside604 (870)
• Canada
2 Feb 08
As a student im completly strapped for cash and i really wish i had anything to save month to month. Usually i try to set part any spare money for next month or just away for a rainy day. Im not even sure im gonna be able to save after i graduate but i defintly will try.
@thrwbckjay67 (2870)
• United States
2 Feb 08
Hello Farside604!
I know what you mean. It was tough for me during school, and still is with these new school costs in going back. But it's nice to have for a rainy day.
Good luck to you and thanks for the resposne!
@thrwbckjay67 (2870)
• United States
2 Feb 08
Hello kykidd!
Yeah, that was our approach in the past, but with everything beginning to balance themselves out, we've decided to save more. It's a good policy to have that much in savings, though, just like you said.
Thanks for the response!
