How do you fund your efund?
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| Sun, 02-08-2009 - 9:22pm |
I'm just curious. I've noticed a few people lately (Norma I think you were one?) who have made a point to transfer money to the efund on a weekly/biweekly/monthly/whenever my paycheck comes in basis. I have always done it randomly by rounding up and sending a little bit of any extra money towards it. Others I have noticed have earmarked savings from coupons and returns etc (Maryann I think you do this?). I am just curious how people are building their efunds and if anyone has an innovative system I haven't thought of, lol.
As you can see from my ticker, I am just over halfway, but I have to be honest, I am Sooooo tempted to just take $500 from next months rent money and get it to $1000. The only problem would be 1) that I would only be paying down the CC by $200 in March which isn't much and 2) The interest on my CC is higher then the savings account its currently sitting in. My other option is to wait until my backpay comes in for our contracts. I have no idea what that will be or how much (I know it will definitely be over $1000). I am thinking I will send the first $1000 to the CC and anything over to the efund?? I don't know.
Anyone have great ideas to get that efund up?




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Bex -
My biggest past mistake in all past efforts
So you are
I treat my efund like a bill.
Hmm,
Bex -
I got a second job to fund my efund first and then pay down debt. However, once I got the second job I built my efund and now I'm saving for a trip in April to go to a friends wedding out of state. AFTER that trip is over I will use my 2nd job money to put towards debt. Right now I have the money to pay cash for our trip which is key for us since we don't use c/c's anymore.
I am proud of every penny in that efund. I worked hard for it. I find it hard with "bill" money to put that into savings. I don't know why but I do.
Currently we are entering bankruptcy, Chapter 13.
Norma
"Patience is the best remedy for every trouble"- Plautus
That's how I treat my Christmas Club, it's a bill.
Norma
"Patience is the best remedy for every trouble"- Plautus
I guess you could say my income is "commisson based"
Hi there,
I just wanted to let you know that Carmen Wong Ulrich from CNBC has answered your question in her latest iVillage Video.
I hope this helps answer your question.
http://video.ivillage.com/player/?id=1020701
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