Well, I did it....I finally did it.....I put a plan in motion to start saving. It was hard to do, but I actually truly did it this time. I registered for the Payroll Savings Program (CSB) through work and now on my way to my first time saving for anything. I know that I should be saving a minimum of 10% of my earnings, but I think I will fall a little short of that. I think what I am deducting will put me at approx 8% give or take a little.
I am very proud of myself, I feel like a big girl now. I started keeping track of all my spending starting August 1st and I keep every receipt and log every penny spent. I have been faithfully following my budgets and now that I am back to work full time, I figured it was a great time to implement some sort of savings.
I have to admit, I felt a tightening in my chest when I purchased this. I have to look at why I felt this way. I know it wasn't a good feeling so why I would feel something painful when doing something so right, I have no idea. Any ideas?
Later,
Annie
A Whole New World
13 years ago
5 comments:
You probably felt that way because it was scary?
Good for you for taking a step in the right direction.
All those financial people are being proved right. We should all have an emergency fund but who actually does?
Now the trick for you will be to pretend that the money is not there :)
because you won't have access to the money? You've been living so close to the edge of your bank account for so long that you think you need every cent. But you've been getting by somehow on a partial salary - now that you're back to full, it's great that you've taken the initiative to put some away before you see it. Deep breath - you'll be okay. :)
I think you may be on to something V...I just have to keep remembering what Suze Ormon says...you need 8 months of your monthly expenses saved up for a cushion in case you lose your job....YIKES...that's a lot of dough!
8 months? That's huge. Does it count if it's in RRSP's?
no RRSP's count...those are separate.
You are supposed to have a safety not, of 8 months of expenses, not including any retirement savings or education savings, etc...
Sounds crazy don't you think?? :)
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