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Created a vacation account

January 29th, 2007 at 09:20 pm

I used to have an account at ING that I called my "challenge" account. I've renamed it my "Vacation" account because that sounds a whole lot more fun! I added up a few miscellaneous sources of income from this month (surveys, gift cards, etc.). I rounded the total off to $30 and moved that money over to the vacation account. If by some miracle my food categories ever come in under budget in any given month, I'll move the difference there over as well. Same goes for other expenses that are somewhat under my control - gas, utilities and so forth.

I'm not feeling real gung ho about the challenge this year, but I can move little bits of savings and extra income here and there once a month.

Posted in Savings | 4 Comments »

4 Responses to “Created a vacation account”

  1. laceshawl Says:
    January 29th, 2007 at 10:46 pm 1170110779
    1170110779

    Great idea! you should always reward yourself out of some of your savings. Putting money aside when you have no goal is hard, why so many give up.

  2. DivaJen Says:
    January 29th, 2007 at 11:21 pm 1170112869
    1170112869

    I'm kind of chuckling to myself here...I like to save. It's the dipping into it that I have trouble with. Wink

  3. boomeyers Says:
    January 30th, 2007 at 01:07 am 1170119279
    1170119279

    All in the mindset, huh? Whatever makes it work for you! :-) Good luck!

  4. LuxLiving Says:
    January 30th, 2007 at 01:22 pm 1170163342
    1170163342

    Way to go Jen!!

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