Comments on: FNBO Direct Pay Yourself First Challenge http://moneysmartlife.com/fnbo-direct-pay-yourself-first-challenge/ Money Tips for a Better Life Fri, 12 Mar 2010 15:59:19 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Mark http://moneysmartlife.com/fnbo-direct-pay-yourself-first-challenge/comment-page-1/#comment-150134 Mark Fri, 29 May 2009 21:27:08 +0000 http://moneysmartlife.com/?p=1718#comment-150134 Saving money can be hard. I set up an account over at ING and I do an online transfer every payday. The money has been accumulating for over a year now and I've already forgotten about it. It's like my dad always said, out of sight, out of mind. Saving money can be hard. I set up an account over at ING and I do an online transfer every payday. The money has been accumulating for over a year now and I’ve already forgotten about it. It’s like my dad always said, out of sight, out of mind.

]]> By: marci http://moneysmartlife.com/fnbo-direct-pay-yourself-first-challenge/comment-page-1/#comment-149833 marci Wed, 27 May 2009 13:23:47 +0000 http://moneysmartlife.com/?p=1718#comment-149833 Like she said, there is no one right answer for everyone - and an online savings would never ever work for me as I won't bank online. However, I have been paying myself first for years - by depositing my check into a physically accessible money market/savings account, and then drawing out only what I need to pay the few bills I have. It works very well... there is never any 'loose change' floating around in the bill paying checking account, only the specific amount of cash in pocket that I allow myself each month. Paying yourself first works - whether you do it thru a physical location, or thru an online one. Debt free and lovin' it :) Like she said, there is no one right answer for everyone – and an online savings would never ever work for me as I won’t bank online.

However, I have been paying myself first for years – by depositing my check into a physically accessible money market/savings account, and then drawing out only what I need to pay the few bills I have. It works very well… there is never any ‘loose change’ floating around in the bill paying checking account, only the specific amount of cash in pocket that I allow myself each month.

Paying yourself first works – whether you do it thru a physical location, or thru an online one. Debt free and lovin’ it :)

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