<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Just $10

Just $10

April 10th, 2006 at 11:45 pm

DH and I made a decision last night. We are going to try, no we are going to start, saving $10 a week. We have a small savings account of $105. So the goal is to deposit $10 a week into this account for the rest of the year. Is that too ambitious? Maybe I should just set it for the end of the month? No, that seems like giving us an outlet to stop saving, which is kind of what got us here to begin with. Well, that and a bad health insurance.

It's just $10, that isn't so much. We spend about that on pop each week and we have both been drinking more than we think it is healthy to be drinking. Although, there really is no health benefit to soda pop, now is there? The kids really don't care for it all that much, well, Rose can't drink anything with caramel coloring or caffeine in it anyway, and Tobias would just as soon drink milk or water, usually water.

It seems a manageable enough goal. So for the rest of the year, it is our goal. And writing it down makes it real, putting it out there makes it harder to go back on. Accountability, as some of you have mentioned, should make this easier. Although, sometimes it seems nothing about money ever really is.

My day for depositing will not be set as it will depend on which days I drive to town. I don't want to make an extra trip as it takes about 2.8 gallons of gas to get to town and back. We go to town at least 3 days a week for lessons and soccer games so as long as it gets done before the next banking week, I'll call it good.

$10 doesn't seem like much, but at this point its the habit I'm trying to establish. If I don't start at ten, then where? So $10 it is. And that's $520 a year, still small, but something.

Thanks again, for all the support you have thrown my way since starting this blog. I can't begin to say how much I appreciate it.

Robin

Posted in Goals | 6 Comments »

6 Responses to “Just $10”

  1. lrjohnson Says:
    April 11th, 2006 at 01:35 am 1144719311
    1144719311

    Setting that goal is great. And you have the freedom to increase it if you want. In the face of debt, changing that to the positivity of savings is great. I'll come on by now and then for the accountability part ;-)

  2. Thrifty Ray Says:
    April 11th, 2006 at 02:01 am 1144720913
    1144720913

    It is so important to pay yourself first...Try to make it a little stretch...and then see if you can create ways to increase it! The key is to have a goal. Great job on taking the first, and most important step! You can do it!

  3. carol Says:
    April 11th, 2006 at 04:57 am 1144731459
    1144731459

    $10 does not seem like much until you multiply it by how often you put it into a saving account. Even $10 a month adds up to $120 at the end of 12 months. I had to learn the long hard way that yes anyone can save even if it's only $10 a month. It takes a well defined plan, goals, and firm commitment, but it can be done. I'm finally serious about saving every month, and it took some very hard circumstances plus a lot of years for this to sink in, but when it did, I got serious, committed & will reach my goal of $350 this year.

  4. baselle Says:
    April 11th, 2006 at 06:48 am 1144738135
    1144738135

    That's a great goal. It'll be extra exciting when you think, "10 was easy, lets go for 20."

  5. armywife Says:
    April 11th, 2006 at 12:19 pm 1144757976
    1144757976

    That is awesome! To actually agree to save together with your spouse is a blessing- the amount will increase before you know it and your efforts will pay off BECAUSE you are doing it together.

  6. Ima saver Says:
    April 11th, 2006 at 02:29 pm 1144765754
    1144765754

    I began as a child, saving something out of any money I received. It is always best to pay yourself first. Why not cut out soft drinks and try to save even more? You can do it!!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]