Savings Goal Update: Pay Cash for Honeymoon

Hello Everyone! I am pleased to report that we were able to add $115 to our savings goal of paying cash for our honeymoon in April 2010. This brings us to over 41% towards our goal of $2,500! The $115 was from freelance writing income. How are you all doing with your savings goal? What [...]

Honeymoon Savings Goal: September Update

October is here, and it’s time to update my honeymoon savings goal! If you remember, I started off with $779 at the beginning of September. Now we are at $931. Here is the breakdown: $10 from a gas rebate $30 from another rebate (although I cannot remember what this check was for! $75 from our [...]

Savings Goal: Honeymoon

My fiancée and I think big when it comes to travel. In fact, we met one another in Japan while I was traveling abroad as a student to study for a semester, and he was stationed in Yokosuka as a cryptologist in the Navy. This was after I had finished a tour in London, and [...]

How to Not Save for a Downpayment

For the last four years I have saved up a lump of money for no real purpose. I knew that I would probably need large amounts of money in the future, and that one day I would like to be wealthy, so saving as much money as possible seemed like the logical step. In December [...]

Saving by Spending Money

I once had a science teacher who told me that if you save 10% of everything you earn over a lifetime, you will be a millionaire. The thought used to boggle my mind. Ten percent of income seemed like such a small amount compared to the seemingly unattainable $1,000,000 mark, especially back in high school [...]

Bank It!

My most effective savings strategy is the monthly automatic withdrawals of a consistent percentage of my paychecks into my savings account. As the year goes on, I know that my account will continue to accumulate, barring any unforeseen natural disaster, lay-off or the like. Another great savings strategy that complements this principle is stockpiling products [...]

Money and Energy Savings: April and May

Throughout the month of April and May, Paul and I have made several changes that have saved both of us time, energy and money hopefully for years to come. I’d like to share these with you to help jump-start your own thinking on how to live and earn more efficiently so that you can enjoy [...]

Personal Savings Rate

The Personal Savings Rate (PSR) has been talked about a lot in the news lately, especially now that our economy is in the middle of a recession and people are panicking about their immediate financial futures. Oddly enough, the PSR did not manage to make mainstream news back in 2005 when it dipped into the [...]

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