I'm just curious to find out what has been your aha! moment when you realized a cool way to save money? When did you finally decided that now is the time to stash some money for rainy days?  

 

Original Post

The moment I recognized the need to save money was when I finally took the time to take a close look at where I was financially.

Before, I had avoided looking deeper at my finances than just checking the balance of my checking account.

More than just saving money, this really woke me up to the fact of how little I knew about managing my money.

This caused me to start saving, investing and working on a plan to eliminate debt.

It also sent me on a journey of searching for knowledge about how to create a better financial future for myself and others.

This journey continues to this day!

Sid posted:

I'm just curious to find out what has been your aha! moment when you realized a cool way to save money? When did you finally decided that now is the time to stash some money for rainy days?  

I have to be honest and say during my late 30's. Been a bit of a wild one before that, and never gave the "rainy day" much thought. Especially going through the DJ stage after finishing my diploma as an Electrician. 

A method that works quite well for me is a linked bank account to stash a little something with each payday. And of-course my Payoneer account linked with Bank of America. The profit I generate on the internet then goes into this account. That's two methods I use to have a little on the side for the "rainy days". 

Moore Income posted:

The moment I recognized the need to save money was when I finally took the time to take a close look at where I was financially.

Before, I had avoided looking deeper at my finances than just checking the balance of my checking account.

More than just saving money, this really woke me up to the fact of how little I knew about managing my money.

This caused me to start saving, investing and working on a plan to eliminate debt.

It also sent me on a journey of searching for knowledge about how to create a better financial future for myself and others.

This journey continues to this day!

Hey there, 
I can kind of relate to your story. Piles of debt mounted and then I realized, oh ****, something needs to be done about it. 

All the best for this beautiful journey!! 

-Sid

Deon Christie posted:
Sid posted:

I'm just curious to find out what has been your aha! moment when you realized a cool way to save money? When did you finally decided that now is the time to stash some money for rainy days?  

I have to be honest and say during my late 30's. Been a bit of a wild one before that, and never gave the "rainy day" much thought. Especially going through the DJ stage after finishing my diploma as an Electrician. 

A method that works quite well for me is a linked bank account to stash a little something with each payday. And of-course my Payoneer account linked with Bank of America. The profit I generate on the internet then goes into this account. That's two methods I use to have a little on the side for the "rainy days". 

Excellent! Forced savings is number 2 on my "Road to financial freedom journey" list. I find apps such as Stash and Acorns to be extremely useful. 

Oh and by the way, what kind of music did you play as a DJ??

Best, 
-Sid

I have this habit of compartmentalizing things on my mind money wise. I have a very strict policy regarding how much to spend on gas and wardrobe. I have opted to live for me and avoid spending on unnecessary shopping. Food, gas, saving account. It worked so far.

Leslie Kay posted:

This sounds like a dream to me. To go back to the days when I could focus on savings. My grandchildren are my biggest challenge because any money I have I spend on them and feel good about it. But I need to bulk up my savings while things are going well. Good Job @Zara Zoey !

Grandkids are amazingly pricey!!  I realized this when I started tracking my spending 6 years ago!  Wow!  And tho I knew I was probably being too generous, just how generous showed up in bright RED!!! LOL!  It wasn't all the spoil, either. When they stay weekends or weeks, the special foods, entertainment, activities all add up.  Wouldn't have it any other way, but goodness it was an eye-opener!

After a divorce in my early 30's, and the need to find a good, reliable income, which turned out to be real estate sales, and some roller coaster income years........well, the lightbulb went on. My neighbor happened to be a CPA and I consider his financial advice to be the best ever received at a crucial time in my life!

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