social

Saving for Big Ticket Items


Bronze Feedback Medal for All Time! 190 Feedbacks

I am currently trying to save for a new sofa. I'm in no hurry for one, so it may take me a year or two to save up. I feel that by waiting, I'll appreciate it that much more. I decided that I want to spend no more than $700. So I divided $700 by 26 which is how many pay days are in a year for me since I get paid every other Friday. I then put that amount ($26) in an envelope.

Advertisement

If something more important comes up, such as a car repair bill or whatever, then I dip into that envelope and use that money and just keep saving till I have the amount I need. That way I don't have to dip into my savings account which is for big emergencies. This is only for "wants" that I do this, not for "needs." I feel it's very important to distinguish between the two.

Source: My mom and dad when I was very young.

By Kathy from Sylvania, OH

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

 
In This Page
Next >︎
Categories
Budget & Finance Saving MoneyApril 17, 2012
Pages
More
🍀
St. Patrick's Ideas!
🎂
Birthday Ideas!
💘
Valentine's Ideas!
Facebook
Pinterest
YouTube
Instagram
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2024-02-13 20:17:49 in 2 secs. ⛅️️
© 1997-2024 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/tf56159191.tip.html