Comments on: Automatic Savings Is Essential http://dividendmoney.com/automatic-savings-is-essential/ Helping You Make More Money And Grow Your Wealth Mon, 22 Feb 2010 13:23:19 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Tyler http://dividendmoney.com/automatic-savings-is-essential/comment-page-1/#comment-19663 Tyler Wed, 19 Mar 2008 13:42:31 +0000 http://dividendmoney.com/automatic-savings-is-essential/#comment-19663 Alma, That is a great strategy and it sounds like you have the financial acuity to make it work and not get caught "short-funded" by overspending on your credit card. This is similar to how I use my credit card to manage cash flow. Cards are excellent tools if used correctly, as you have aptly demonstrated. Unfortunately, the card companies realize that not every consumer is as money-savvy as yourself. Keep up the great work! -Tyler Alma,
That is a great strategy and it sounds like you have the financial acuity to make it work and not get caught “short-funded” by overspending on your credit card.
This is similar to how I use my credit card to manage cash flow. Cards are excellent tools if used correctly, as you have aptly demonstrated.
Unfortunately, the card companies realize that not every consumer is as money-savvy as yourself.
Keep up the great work!
-Tyler

]]> By: Alma http://dividendmoney.com/automatic-savings-is-essential/comment-page-1/#comment-19630 Alma Wed, 19 Mar 2008 04:22:02 +0000 http://dividendmoney.com/automatic-savings-is-essential/#comment-19630 I have my whole paycheck directly deposited into my high yield savings account with E*Trade and all of my bills get paid by Credit Card or my Checking account which also has a line of credit. I wait until the due date and pay off my Credit Card in full. This gives me 30 days of interest for one pay check and 15 for another. Pretty sweet huh? I have my whole paycheck directly deposited into my high yield savings account with E*Trade and all of my bills get paid by Credit Card or my Checking account which also has a line of credit. I wait until the due date and pay off my Credit Card in full. This gives me 30 days of interest for one pay check and 15 for another.

Pretty sweet huh?

]]> By: From Theory To Practice: The Festival of Frugality | I've Paid For This Twice Already... http://dividendmoney.com/automatic-savings-is-essential/comment-page-1/#comment-19611 From Theory To Practice: The Festival of Frugality | I've Paid For This Twice Already... Tue, 18 Mar 2008 09:55:42 +0000 http://dividendmoney.com/automatic-savings-is-essential/#comment-19611 [...] Dividend Money extols the virtues of automatic savings with Automatic Savings Is Essential. [...] [...] Dividend Money extols the virtues of automatic savings with Automatic Savings Is Essential. [...]

]]> By: moneygardener http://dividendmoney.com/automatic-savings-is-essential/comment-page-1/#comment-19573 moneygardener Sat, 15 Mar 2008 21:26:21 +0000 http://dividendmoney.com/automatic-savings-is-essential/#comment-19573 Love your comment about 'trying to make it hurt' as I do the same thing. Love your comment about ‘trying to make it hurt’ as I do the same thing.

]]>