It’s the last day of the quarter for the Saved Savings account!
For anyone new here, we’ve been putting any money we save — discounts, cash back, grocery store savings, rewards programs — into our Capital One 360 (nee ING) account named Saved Savings. I’ve decided to save up the funds for three months, so we feel like we’re really making progress.
And this quarter, boy did we make progress! Depending on whether we save anything today, we should end the quarter with a balance of $680-685. Wowza.
Of that, $276 is the savings from our switching to Hulu. Another $155 is from two weeks that we ended in the black, and I transferred the remaining amounts over. We put away $48 in cash back/referral bonuses from Mr. Rebates. (It should have been $103, but for some reason I put one of the checks directly into the general savings account. So technically, our Saved Savings balance should have been $735.)
All of that leaves $200 was from miscellaneous savings that would otherwise have vanished into the ether of our budget.
Most of that is grocery store “savings” — the amount shown at the bottom of our receipt. Of course, those amounts are always more than you actually save, since you shop because things are on sale. But as long as we have the money to spare in checking, I think it’s a great way to trick ourselves into putting more money aside.
All in all, a pretty amazing quarter for sneaky savings!
I just have to stop for a moment and plug Capital One 360 because it’s helped us so much.
You can open a free checking account and as many savings accounts as you like. Which is exactly what we’ve done. We have one checking and nine savings accounts: Emergency Fund, General Savings, Insurance (put aside monthly for my quarterly payments), Taxes (also for quarterly payments), Vacation, Car, Tim’s Fun Money, Saved Savings and Washer/Dryer.
Honestly, I just signed up in order to get the bonus; but it’s become a huge factor in our savings plans. I love that I can open a new savings account in under five minutes.
Speaking of the bonus, use my referral link in this post to get $25 when you open a savings account with a $250 balance. (Well, you can use any customer’s link, but I hope you’ll consider using mine.) You can get a $50 bonus if you open a checking account with $250 and make three debit or Person2Person transactions.
So yeah, there’s my plug. Now I’m off to stare proudly at the Saved Savings balance some more.
Have you guys started saving your savings yet? How do you trick yourself into saving?