I've been reading a lot about automatic savings programs lately, but the idea is ludicrous for most people since having one dollar automatically deposited to your savings, only to have to withdraw it the next day because spending is out of control is not really savings.
If your savings programs (401ks, IRAs, passbook savings, etc.) aren't making you more money than you're paying out in debt interest, they're not really savings programs.
Auto Savings Programs Are a Joke for Most
October 9th, 2007 at 04:16 am
October 9th, 2007 at 04:25 am 1191900333
but i agree, there's no point in doing it if you need to take the money out the next day. the best advice is to start small, little deposits that you won't notice, and try to make it hard for yourself to withdraw money (like ing and bankwest accounts, it takes three days for the monmey to be transfered, so if you have an impulse purchase, it's usually worn off by then!)
October 9th, 2007 at 01:51 pm 1191934306
October 9th, 2007 at 03:40 pm 1191940853
October 9th, 2007 at 09:00 pm 1191960009