Comments on: How to set up a savings snowball http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Free Money Finance http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-10230 Free Money Finance Wed, 28 Feb 2007 14:26:47 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-10230 <strong>Free Money Finance March Madness, Round 1, Posts 33-48...</strong> Here we go with the first round of Free Money Finance March Madness (if you wonder what's going on in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to... Free Money Finance March Madness, Round 1, Posts 33-48…

Here we go with the first round of Free Money Finance March Madness (if you wonder what’s going on in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to…

]]> By: Bernard http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-8930 Bernard Sat, 24 Feb 2007 15:34:30 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-8930 This is the exact same method known as the "Pay Yourself First" principle, where you would allocate a portion of your income each month aside for your financial wealth building, except in this case, you are generalising the use of the amount that is being set aside. This method however, takes some discipline to follow through in long term. This is the exact same method known as the “Pay Yourself First” principle, where you would allocate a portion of your income each month aside for your financial wealth building, except in this case, you are generalising the use of the amount that is being set aside.
This method however, takes some discipline to follow through in long term.

]]> By: My New Choice http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-8005 My New Choice Tue, 20 Feb 2007 18:40:42 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-8005 We used this exact strategy and rolled our debt snowball into our savings snowball once we had eliminated our consumer debt. Nice post! We used this exact strategy and rolled our debt snowball into our savings snowball once we had eliminated our consumer debt.

Nice post!

]]> By: Savvy Steward » Carnival of Personal Finance #88 Up At Stock Market Beat http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-7825 Savvy Steward » Carnival of Personal Finance #88 Up At Stock Market Beat Mon, 19 Feb 2007 15:29:19 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-7825 [...] Blunt Money has an idea of How To Set Up A Savings Snowball. [...] [...] Blunt Money has an idea of How To Set Up A Savings Snowball. [...]

]]> By: finance girl http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-6446 finance girl Wed, 14 Feb 2007 17:01:05 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-6446 This is exactly what I do as well; and I agree with you that "snowball" can also be used in the context of saving. I used this term early on when I met my husband, who was $70k in debt, had 0 savings, and knew absolutely nothing about finance. Well, he's learned alot since that day, and will be the first to tell you that for him the "snowball" analogy helped him to "get it". This is exactly what I do as well; and I agree with you that “snowball” can also be used in the context of saving. I used this term early on when I met my husband, who was $70k in debt, had 0 savings, and knew absolutely nothing about finance. Well, he’s learned alot since that day, and will be the first to tell you that for him the “snowball” analogy helped him to “get it”.

]]> By: bluntmoney http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-5844 bluntmoney Mon, 12 Feb 2007 20:43:09 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-5844 The interest bearing account was an example of an account you could set up if your first savings goal was to save for a trip to Italy (or something along those lines). Guess I didn't word things right. But anyway, yes if your goal is fully funding the IRA, the automatic payments would go right to that. The interest bearing account was an example of an account you could set up if your first savings goal was to save for a trip to Italy (or something along those lines). Guess I didn’t word things right. But anyway, yes if your goal is fully funding the IRA, the automatic payments would go right to that.

]]> By: Lazy Man and Money http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/comment-page-1/#comment-5842 Lazy Man and Money Mon, 12 Feb 2007 20:39:20 +0000 http://www.bluntmoney.com/how-to-set-up-a-savings-snowball/#comment-5842 If I want to fully fund my IRA this year, why not just set up automatic payments for that? Seems like it would more or less be the same, except that the money is getting in the market directly instead of going through this other interest bearing account. If I want to fully fund my IRA this year, why not just set up automatic payments for that? Seems like it would more or less be the same, except that the money is getting in the market directly instead of going through this other interest bearing account.

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