Saturday, January 15, 2011

Living on 10%

Yesterday I transferred 90% of my paycheck to savings.


I neglected my Roth IRA for all of 2010, so I put more than half towards that.  Then I moved the rest to out savings account, which has been pretty stagnant since we decided to go on vacation last summer.

This is a freak occurrence, and I was only able to do it because all of the bills are paid, and I got some extra money for Christmas, but still... 90%!

I know that I couldn't possibly do that on a monthly basis, but how I wish I could.  Maybe the feeling of exhilaration from paying myself, instead of paying for my shopping addiction will help to keep me on the right path for this year.


The Asian Pear said...

Wow. I hope you left yourself enough wiggle room until next pay though. Other than that... BRAVO!

Shoe.Gal said...

Thats incredible!!! What a great way to start off the new year! Congratulations.

E-town said...

Congrats!! I'm hoping to be able to do that in a few months.

MyATM said...

You started new year by depositing 90% of your income to your savings. Isn't that wonderful? Just be positive and you can maintain that. It's not easy but you can do it! :)