So I finally setup a transfer from our checking to our savings account that I've been putting off for months. When I started the PhD program and we settled into "adult life" (snicker) I decided that I would never have less than one months expenses in our checking account. Liberally this is about $4000. For our wedding, we received a ton of cash and after returning half of the gifts we had even more money. This lead to a ballooning of our checking account. Since then we have been even more frugal with our money in anticipation of the many large savings goals we have set for the next several years.
For some reason through all of this, I could not bring myself to transfer the money out of our 0% interest checking account into our savings. I could not get over that it was such a large transfer, that we will need the money in August for H's tuition, and who knows what else.
On Sunday I took the plunge and set a transfer order to move the rest of the balance into our savings account. I am ready to have only $4000 in our checking again. This will keep us honest about how much we are saving each month and will keep us earning interest. It took me 4 months, but that mental block was overcome.
Scared of a Transfer??
March 2nd, 2010 at 05:07 am
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March 6th, 2010 at 03:44 pm 1267890278