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Re: Mental Accounts or why some people find it hard to save
Old 05-20-2007, 01:55 PM   #2
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Join Date: Jan 2007
Location: New Orleans
Posts: 10,404
Some people may think that way, but I don't. When I get a windfall, it pays off bills and once they are paid off, it goes into my retirement nestegg. That's what happened to my cash award from work. That's what I did with Christmas and birthday checks. That's what I did with my tax refund.

I think it's the LBYM mindset that many of us here have in common.

I am clearly focused on my goals and retiring comfortably is a higher priority for me right now than going to Disneyworld.

It's interesting to read about other mindsets, though.
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