peteyperson
Recycles dryer sheets
- Joined
- Sep 19, 2004
- Messages
- 108
Looking to survey (in written responses) how some of the successful savers did it.
The first obvious one is paying yourself first via automatic payroll deductions. Another might be small cutbacks in expenses and taking that small amount at the end of each month and socking that away too.
What sort of percentage of gross/net pay was being saved? I find the more useful measurement relevant for the future is one that compares yearly savings to expected future budget. This would seem to give a clearer idea how long it will take to reach 25x that budget.
How hard was it to develop the 'savings habit' and then stick to it? Did you put off saving for years thinking you couldn't save enough, but then move past that block (reasoning saving something was more important initially).
Thanks,
Petey
The first obvious one is paying yourself first via automatic payroll deductions. Another might be small cutbacks in expenses and taking that small amount at the end of each month and socking that away too.
What sort of percentage of gross/net pay was being saved? I find the more useful measurement relevant for the future is one that compares yearly savings to expected future budget. This would seem to give a clearer idea how long it will take to reach 25x that budget.
How hard was it to develop the 'savings habit' and then stick to it? Did you put off saving for years thinking you couldn't save enough, but then move past that block (reasoning saving something was more important initially).
Thanks,
Petey