What Are You Saving For?

11.14.07 | Money | 0 Comments | by junger

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Every so often, it's worth reminding yourself what you're saving for.

Short term: we're saving for a house.
Long term: we're saving for retirement.

Each month, our online savings account is set up to automatically take a chunk of money from our checking account and transfer it into our housing fund.

At first, when we started the automatic deposits, we weren't sure that we could afford it in our budget. But, we're worked around it, cutting costs in some places and bringing in more funds in others.

Now, when I get the monthly email that says the money has been transferred, I'm excited to see the numbers rise. It's fun to fund your savings.

Retirement we are saving for in a few different ways. Ten percent of my salary automatically goes into my 401(k), while we both have automatic deposits monthly into our Roth IRAs.

What are you saving for? Let us know.

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