# Finances, do you haz it? **URL:** https://forums.speedlife.net/t/finances-do-you-haz-it/241397 **Category:** Shift518 Off Topic **Created:** [January 15, 2009, 6:04pm UTC](https://forums.speedlife.net/t/finances-do-you-haz-it/241397 "2009-01-15T18:04:52Z") **Posts on this page:** 1 **Showing post:** 24
### Author: ![CustomLowz](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/customlowz/32/6279_2.png) [@CustomLowz](https://forums.speedlife.net/u/CustomLowz) #### Post date: [January 16, 2009, 10:14am UTC](https://forums.speedlife.net/t/finances-do-you-haz-it/241397/24 "2009-01-16T10:14:26Z")
> [@~\*OFFICIAL Buffalo Sabres Thread\*~](https://forums.speedlife.net/t/official-buffalo-sabres-thread/4208/2293): > > Sort of goes along with Archies thread of how do you afford this hobby. > > [http://shift518.gom-host.com/showthread.php?t=6651&highlight=afford](http://shift518.gom-host.com/showthread.php?t=6651&highlight=afford) > > How do you keep track of your finances and make sure you have money saved up for the future (if any). > > If you don’t really have any ideas or your way of saving money is throwing change into a big jar I’ve got a good and easy solution for you which I have started using since the beginning of the this year. > > I’ve never really saved money in the past but always had a good minimum I allowed myself to have and not dip down below, for a rainy day. All my checks and automatic payments and deposits always link to my checking account at the bank and my savings balance never really changes. > > After talking to a bank teller and getting some ideas, I implement an extremely easy way to start saving up. Set up and automatic fund transfer from my checking account to my savings. I never touch my savings one way or another so the money that gets transferred will be there for good. > > I’ve set it up to transfer 100$, every Monday for the next 50 weeks. For those of you that struggled with 2nd grade math, that adds up to $5000 at the end of the year. As far as I’m concerned every transfer is as good as a “bill” for me and I take it as one. Fortunately it’s a bill from me, _to me_ so I don’t lose out. > > The transfer can be canceled at any point in time as well. > > Just food for thought. > > I also extensively use Excel spread sheets with some complicated codes I made to keep track of all expenses for the entire year, cash, credit, car purchases, bills, school payments etc. I can narrow it down to categories such as eating out, clothing, entertainment and like as well. > > Let’s hear from some finance gurus. I also have something similar… I have auto transfers set up for some accounts… every week… To Savings (for rainy day) To HIGH YEILD Savings (different account for saving for a house) To Joint Checking (for investing) and the remaining balance in checking for bills… That reminds me… I have to finish my paperwork for my 401K plan --- _[View the full topic](https://forums.speedlife.net/t/finances-do-you-haz-it/241397)._