well actually I am only going to discuss what in my mind is the number one reason why I have trouble sticking to my savings plan. The unexpected unbudgeted major expenses. Today I picked up my car from the service center after bringing it in for an inspection sticker and to see why my check engine light was on. Four days and $1800 later and I have to juggle my plan for the rest of the month. I fully anticipated spending five or six hundread dollars, because I do every time I bring it in, but wow what a surprise I got. The car seems to be the one thing that is most often a budget buster for people. Every now and again you will get a major unexpected home repair, but I can count on the car socking me at least once per year. On the positive side there are only 10 more payments to be made on it.
I am also attaching a link about the "other" costs of home ownership for any of you looking into buying your first home.
http://www.kiplinger.com/features/archives/2007/05/homecost.html
You should make sure you go into this venture with your eyes wide open.
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Here is what I like doing to save those savings and not being able to touch them. First open an account with someone like ING. Then set it up to come directly out of either your check or one of your other accounts (doing this can either be weekly/monthly). Then turn off paper mailings, so you just receive the electronic ones. The reason I do this is because it is out of site out of mind. I don't know how much is in the account over long time therefore saving me from going "hey I need this and I have lots of money in my savings". With paper mailings I feel obligated to open bank statements therefore knowing how much is in the account, the electronic one come in my e-mail and I put a filter on it to auto delete. This may work for you. So when a large purchase comes up, you save from the money in your check and not just pull from your savings account. Hope this all helps lad.
10 reasons? Didn't list that many
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