I'm not a money expert or a financial advisor. The ideas I'm sharing are things I've learned and try to stick to. .
You never know when an emergency will hit. Or if there will be a big ticket item you need to buy. When my 12 year old dog needed emergency surgery earlier this year, I was glad I had saved enough cash to pay for it. .
If you give yourself a weekly cash allowance (see my previous post) you might find, if you spend carefully, that you have extra left over. Piggy bank time!
I save cash in addition to the 10% of my monthly income that I put into my money market savings account at my credit union.
In addition to my emergency fund, I love my "fun bank." I only go to a movie, or to a restaurant, or order take-out, if there's enough in the fun bank to pay for it. If that's only once or twice a month, that's fine with me. I don't even buy coffee out anymore.
I don't know about you, but I love to watch my savings grow. As I age, the stakes are higher, and knowing I'm banking on my future is with its weight in gold.
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