How do you fund your efund?

iVillage Member
Registered: 04-10-2003
How do you fund your efund?
13
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?


Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

Pages

iVillage Member
Registered: 08-04-2008
Sun, 02-08-2009 - 9:43pm

Bex -


My biggest past mistake in all past efforts




iVillage Member
Registered: 11-17-2007
Sun, 02-08-2009 - 10:45pm

So you are

iVillage Member
Registered: 03-27-2005
Mon, 02-09-2009 - 6:39am

I treat my efund like a bill.

iVillage Member
Registered: 04-10-2003
Mon, 02-09-2009 - 6:47am

Hmm,


Bex -

iVillage Member
Registered: 07-02-2008
Mon, 02-09-2009 - 10:50am

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.

iVillage Member
Registered: 10-01-2008
Mon, 02-09-2009 - 12:31pm

Currently we are entering bankruptcy, Chapter 13.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 10-01-2008
Mon, 02-09-2009 - 12:34pm

That's how I treat my Christmas Club, it's a bill.

Norma


"Patience is the best remedy for every trouble"- Plautus


Community Leader
Registered: 07-26-1999
Mon, 02-09-2009 - 1:45pm
For us, DH works on commission and I get paid salary once a month.
Photobucket
iVillage Member
Registered: 03-28-2008
Mon, 02-09-2009 - 11:24pm

I guess you could say my income is "commisson based"

iVillage Member
Registered: 02-19-2003
Tue, 02-17-2009 - 4:33pm

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

Pages