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New Money Method

February 27th, 2008 at 01:50 pm

Yesterday, I went to the bank.
I withdrew money from my checking account, as I want all my money to be in my saving account that I can stand.
I cannot spend more that I withdrew from the bank, as not many places will take a check anymore, and I have lost my debit card.
Thank You!!
I can no longer go out to eat, as that will take up all my money I just took out.
I also think this will help my splurge spending. I want no more of that happening.
I have to work again tonight, so I have to pay to park. That stinks, but it is only two bucks for downtown. I shouldn't ask for more.

Also, for not having my check card, I saved myself 13.00 at the grocery store, so I will add that to my challenge money. I never get to add anything.

Posted in Credit Repair, $20 Challenge, Loving my budget, Checkbook Hell! | 6 Comments »

6 Responses to “New Money Method”

  1. merch Says:
    February 27th, 2008 at 01:56 pm 1204120560
    1204120560

    Nice job. The first couple of months are the hardest.

    You are forcing a change in mindset from a consumer to saver. And like all things, you will feel the tugs back to the old ways.

    Keep the focus. Remember, if you have a lapse, yo're not a failure. Dust yourself off and get back on budget.

    Good luck!!!

  2. SingleGuyMoney Says:
    February 27th, 2008 at 05:18 pm 1204132692
    1204132692

    I just recently changed my money management system also. All deposits will now go into my savings account and I will move it to the checking account as needed. So far it is working out great.

  3. Aleta Says:
    February 27th, 2008 at 05:54 pm 1204134864
    1204134864

    I do the same. I deposit checks into the Money market account and transfer once a month into the regular checking account. Of course the money market and checking account is in the same bank. It doesn't make sense to leave that money all month long in a checking account. Mine is now paying .10%. I can write 3 checks and make 3 transfers out, so that should be sufficient.

  4. Aleta Says:
    February 27th, 2008 at 07:02 pm 1204138977
    1204138977

    Sorry, what I meant to say was that my checking account which pays the smaller bills is .10%. My Money market right now is at 4.60 until March 8 and then who knows what it will be?

  5. helpmefriend Says:
    February 28th, 2008 at 04:53 pm 1204217619
    1204217619

    Be careful taking from savings when you need it. I was doing that, by transfering funds online. They counted those transactions as withdrawls and gave me fees for excesive withdrawl. When I said that it was a transfer, not a withdrawl, they said that the money came out and it counted as such.

  6. Aleta Says:
    February 28th, 2008 at 09:47 pm 1204235224
    1204235224

    I agree with you. You can write out 3 checks and withdrawals are one in the same. You can also transfer out 3 times as well.

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