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Money and Finances
Reply to "I want to save half my income"
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[quote=Anonymous]Is this plan a good way to see if I can do it, or at least see how close to that I can get? I get paid every two weeks (26 paychecks per year), and have about 20k in savings. Here's my plan: At the start of August, pay all monthly bills. (rent, cell, cable - health ins. is taken directly from my paycheck). Then take out in cash all the money that remains from one paycheck. So if my paycheck is $1750, I'd pay $1450 in bills at the start of the month, and then live off $300. Is there anything I'm not thinking of? I piss away a LOT of money on eating out. So I'd like to start getting better about bringing breakfast to work instead of going into a shop to bring it to the office. Same with lunch. I'd be happy with all the money I was saving enough that it'd make up for the sadness of not eating out all the time (which I love to do). [/quote]
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