Friday, February 7, 2014

the envelope method...

here's the thing...like a lot of students, we have the dreaded student debt. lucky for us, not credit card debt, but still, there's a huge sum of money out there that we're slowly paying back each month. but, there is still one thing which we would like to get paid off by the end of the summer; our car.

a year and a half ago, when dylan lost his job and got his current one, we had no car, but all of a sudden needed one so he could get to his new job. his aunt and uncle flat out gave us the money to buy our car, and said to pay them back when we can - no interest, no problems. talk about good family, right? we're now in a position where we feel we can really start saving for it.

unlike most people, who probably save their money in the bank, we like to keep ours in a plain old manila envelope which dylan decided to name...
this.

so eloquent, right? we keep it in our safe and tuck money in whenever we can. this way, we're not tempted to spend it since it's out of sight, out of mind.

1 comment:

Kathy @ Vodka and Soda said...

i'm a huge fan of "outta sight, outta mind" which is why i use ING Direct for my savings. it takes a while to get the money into your checking so that always gives me time to think about what i want to spend it on and frankly, it's not worth the hassle of having to log in, transfer etc etc

kathy
Vodka and Soda

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