I really liked what the article says about on time payments. You can make payments always on time yet your credit score can go down. Why? Because of credit ratio's... using to much credit hurts more then it helps.

I wont lie I want to build some savings but for events end of july!

I started already with money into special account over $40 in it today!

Why would you feel the need to lie? Saving money is great for self-esteem, confidence, and self-respect.

Whatever you are saving money for, you will enjoy the end result in July so much more. Why? Because you worked for it - you saved for it.

You can say the same thing with using a CC... but I think with paying after the fact it is easy to build up a resentment towards it.

Anyway, good luck with your savings...

called local Credit Union today to see if they require minimum deposits into savings...said just $1...it must have $1 in it to stay open...thinking of opening a CU account as it will build interest which all my checking accounts do not and since it is CU the idea is someday I will have a way to buy a home and with track record with CU they might consider me for that mortgage.....

I want to move one accounts money to CU, it has like $48 + in it...if I move $45 and build from there without subtracting until event end of July I should have some saved money available to pay for those events...

Quit worrying about how to spend money before you have it... first, build an emergency fund. What good is a home and a mortgage if you can't keep it without going further into debt?

Just save... if you have an event for July... great, keep saving for it and whatever you have in savings... don't touch 10% of it... if you need $100 for an event then have at least $110 in savings

A house can never give the comfort and peace of mind that a nice emergency fund can bring...

I did some checking tonight and I am $8 above where I was last year at this time and I still have one paycheck left for the month.

July of 2014 was the last time I saved money for that year... the outflow started with medical tests and surgeries. By the end of the year I had spent a small fortune on medical issues and just living without a paycheck. Yes, I had a disability insurance check but that was just a little over half of what my normal monthly check was.

It was so nice to have that money there and it was even nicer to have more in case it was needed... and that doesn't include my yearly trip to England. Well, all that money has been replaced and back in an emergency fund account.

SAVE MONEY --- it is the best gift you can give yourself...

Quit worrying and dreaming about things... those are things 20 year olds think about

I have been troubled by this discussion. I finally realized what it is and so I am going to share my thoughts. Billwfriend, have you ever thought of establishing, creating, writing, or otherwise developing a financial plan for yourself or/and for your business? After reading, and rereading this discussion, I'm coming away with the understanding that Messenger has a plan a financial plan for his life, and Billwfriend, you seem to go from one moment to the next, with no sense of direction for your financial life.

I may be wrong and please forgive if I am speaking out of turn.

I do have some long range plans BUT nothing takes place without the emergency fund in place.

Last year after doctors, surgeries, and everything associated with it, I could have handled one more "minor" emergency, then I would have been back to not being prepared.

I didn't like that feeling and the possible uncertainty it brought me. History has a way of repeating itself if things don't change.

I've been broke twice, I've been homeless... I'm getting to old to be acting like an out of control teenager with money. Last year really showed me the value of a good emergency fund.

If I quit my job today, I have enough money to live for 18 months... if I add in unemployment I can survive for two years. That's without any emergencies... so I'll keep saving and planning.

I will share my one ultimate dream... that is to take the Orient Express across Europe. I saw a special about it on PBS years ago and I've always dreamed about it. Two weeks on a train, going through many European countries... the Alps... all the scenery... that is my ultimate goal.

Will it ever happen? I won't say yes and I won't say no... I do know that if I don't have savings it will never happen. No way, would I ever consider doing it with a loan or a CC...

Orient express is supposed to be a really cool ride...and not cheap...

I do not have any financial plans as mybestself has seen....I did put $85 into a savings at the CU today....so now hopes are that I do not touch that until friend comes into town in July and we go to baseball games and dinners together that is what I am saving because she has already paid for baseball ticket and parking for me...I think the ticket to game is about $25 and parking is at like $30....so I have enough to pay her money that I currently owe her...she does not want it now she said wait till she gets here then pay up...so I am making sure I can pay up....do not want money issues with her....that would not be cool...in fact the more money I can spend when she is her with her I will have more fun time with her....she is coming from Houston TX....she works for NASA as an Engineer....she is pretty and wants me to date her when she is here....woot woot...

anyway the CU savings account pays $ but just 0.15% interest....which is more than checking...at ZERO

Dave

I always knew you'd make a great Poirot! :)

I have $50.09 in my savings account. I am going to keep adding to it until I have at least enough to live for one month, then my goal will be two months, then three months. I may never get there but I also believe that if I put energy and focus in the direction of savings, the universe comes together and helps me realize my dreams. Once I get six months in savings, then I am going to look at other things such as a new to me car. Soon, in the next year, I will need to buy a new bed because my mattress is getting old and lumpy so that is a secondary savings account. I don't want to lease purchase or finance it so I guess I will have to save up for it. I have a dream of going into a furniture store and paying cash for this bed. It is a small dream to many but to me it is enormous.

I am so sorry about my payday loans; I would certainly have more than enough if I did not have that debt like a ball and chain. Oh well...I will get there.

Bill, if you are basing your time with this lady friend with how much fun you can have because of the money you have... you will never have a good time.

You may be having a good time but then in the back of your mind will be thoughts of how much money you have left... if it ain't enough will there be enough with a CC.... you can't buy friendship and you can't buy love.

Don't give money that kind of power. You'll never win and in the end it is very ugly to look at and chases more friends/lovers away then it attracts...

Mybestself, that is not a small dream at all...

When I first started my life as a bachelor, I slept on the floor for two weeks... no way I could afford a new mattress but after those two weeks I could afford a used one. I know it was gross but that was all I could afford. It cost me $50 and lasted for three years... by the time I was done with it, it literally was falling to pieces... I'd pick it up and it would just rip and fall apart.

That next purchase was at the furniture store... a brand new full size mattress. That first night I felt like a king.

I still couldn't justify getting a bed frame with the mattress so I built one from old lumber from a custodial closet from work... that is still my bed frame...

The simple things bring great joy and nothing beats a brand new comfy mattress... pure heaven

I bought a very expensive sleep number mattress for my bed on credit and it was with free financing for however many months....I paid it off in time and did not owe another cent on the bed....I like it and have an issue I would have liked a different style one but it was more expensive than this one...it would have a head that raises up...but that did not get purchased...which probably is good because I am now truly out of my bed much more often on the new couch in living room which is also on no interest for so many months....I owe over $1000 still before Jan 15th I think it is date wise....I will make that happen too....but as you can see I live today pay tomorrow...which some consider bad....I however enjoy it pretty much myself....