great minds just think alike I guess.
- You won’t find these deals online usually, you need to make sure you’re on that bank’s mailing list to let you know when specials arise. Which bank? The more, the merrier! Here’s a mailer I got just today in the mail:
- ASK your favorite bank! Say, “Do you have any special incentives right now for opening an account through you rather than going to your competitor?”
- Sign up for email lists. I get emails from Chase all the time letting me know about promotions and deals.
Note *It certainly doesn’t HAVE to be ING or E*Trade (in fact, there could be better options out there now, we’ve had those accounts for years). Just pick a bank outside your regular bank so that the account doesn’t pull up every time you log in to your regular bank. You really don’t want to be tempted to touch the money in it. EVER.
By having a Family Emergency Savings account that A) you automatically draft money to each month, and B) you NEVER pull money out of, you can effortlessly protect your family from the worst-of-the-worst circumstances.
By having a Family Checking Account you have a “home base” account to hold all incoming money (that hasn’t been automatically distributed to savings accounts) for the month. It makes it easy and simple to see exactly how much money you need to cover all your spending in one month, making organizing money and allocating spending and budgets much easier.
• All the same rules apply as with the wife checking account.
- Example: For my family, we want to go to the 2016 Olympics in Brazil but we are working on building up our Family Emergency Savings right now, thus, we don’t have any extra cash to start saving for the vacation. Spare money here and there goes into our Slush Fund (extra birthday money, leftover budget, etc.). While we only have $255 in there right now, that’s $255! Of spare money! Our goal is to grow that over time so when 2016 hits, our vacation is paid for.
In terms of investing, saving, and credit cards…
I’ve had some questions from you all about credit cards, investing, IRA’s, etc. I will not claim to be a professional so I’m going to refrain from giving much advice here! BUT…I will say this. My husband and I LOVE Mint for their comparative analyses and the options they provide. For us, it’s nice to have all the info in one place to compare and look at. Here are some links that might help:
Click on the link below to see their info:
Ways to investAnd while I’m at it, here are more helpful links…
See how I track my budget and spending HERE,
and get our easy budget tracking envelope printables below: