Friday, March 27, 2009

Living with the Leftover

On my last posting, I mentioned briefly about our new savings program. Both C.J. and I have the tendency to spend what we see. If we know we have $5000 in our checking account, our spending for the month will be crafted to spend that $5000. However, if we know we have only $1000 in our checking account, somehow we survive with that money without having much trouble.

So, we decided to leave as little as possible in our checking account, and put away as much as possible in forms of something that cannot be accessed easily.

This works great for us. We might not get all we want, but, at the end of the day, we do get all we need and still get to build the financial freedom and security.