ray_miller84•9d agoMost Upvoted

Finally broke $500 in my emergency fund after 9 months

I kept dipping into my savings every time something came up - car repair in March, dentist visit in April. What finally worked was moving the money to a separate account at a different bank so I couldn't just transfer it instantly. I set up a $50 automatic transfer every payday and forgot about it. Anyone else have luck hiding money from yourself like this?

3 comments

3 Comments

king.robin9d ago

Wait wait, 9 months to save $500? That's rough but honestly impressive you stuck with it. A separate bank account was key for me too, but I took it a step further - I picked a credit union that's a 30 minute drive away. That extra effort to get cash is just annoying enough that I think twice before touching it. The automatic transfer part is smart though. Mine goes out the day after payday so I never even see it in my checking. Do you check the balance often or just let it build up?

kevin_west8d ago

Ha, I'm the opposite. I check mine constantly. Seeing it grow is half the motivation for me.

taylor129d ago

The credit union 30 minutes away is genius, honestly. That little bit of friction makes such a difference. I do check my balance maybe once a month just to make sure the transfers are going through, but I try not to obsess over it. How long did it take before you stopped even thinking about that account and just let it do its thing?