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Reply to "Making small savings worthwhile "
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[quote=Anonymous][quote=Anonymous]This is OP That $80 a weekend doesn't seem like a whole lot if it's not invested in some way and not let to grow. If you all save in specific ways on specific occasions, do you put that money in 529 or other places so it feels worth? We don't have debts right now and our extremely mediocre house is paid off. I am looking for ways to channelize small savings so I get a feeling of accomplishment. [/quote] I guess maybe ask yourself WHY you are trying to save this money and see if that helps guide what you should do with it. When I still had tons of student debt, I used to send in an extra $50 or $80 payment several times a month (on top of my big monthly payments). It did add up. Now I do that with my little Fidelity investment account. We are far behind saving for retirement and don't have nearly enough in savings - working on it! - and several times a month I'll just stick another $80 or $150 into my investment account. It's all saved in an index fund. I've managed to squirrel away about $24,000 in the last three years. What is it that you are saving money for? Is it the security of a nest egg? Is it savings for a vacation? Whatever it is, I'd recommend creating an account for that purpose and sticking all those $80 savings in there. It won't make you rich overnight but it does add up.[/quote]
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