13 responses

  1. Matt Jabs
    November 6, 2010

    Great advice. Betsy and I treat $1,000 as $0 in our account, so we never have to worry hitting bottom in our account. This eliminates all the stresses and consequences associated with checking – especially joint checking.

    Reply

    • Khaleef Crumbley
      November 7, 2010

      Good point about being extra careful with joint checking. $1,000 is an even better number, just for that reason!

      Reply

  2. Lisa@CentsToSave.com
    October 23, 2010

    It is hard for me to keep 500 dollars in my checking account. If it is there, I will spend it! I do have overdraft protection from my savings, but usually I don’t have an overdraft problem. Usually.

    Reply

    • Khaleef Crumbley
      October 28, 2010

      It may be better in that case to keep it in savings and then just transfer it over when you need it.

      Reply

  3. MissBoles
    August 16, 2010

    Awesome article. I willbe backing this up in the future. You’re so right one has to have some sort of cushion even though its hard. There’s no sense in todays economy to pay off all debt and have $0 in your account as opposed to having $2500 in your account and paying most of your debt! You just dont know what might happen tomorrow…

    Reply

    • Khaleef Crumbley
      August 16, 2010

      That is so true. I’ve been in the situation where I put every dollar toward paying off debt, but didn’t save a dime! Then I lost my job and charged up my credit cards just to live, because I didn’t have savings.

      Thanks for the comment!

      Reply

  4. Tarsha
    June 4, 2010

    Wow!!! This was a good read. I found a way to say extra money on infant formula. Instead of buying the already made formula which cost $39.00, I decided to buy the powder formula which is $22.00. That is a savings of $17.00 per mix and boy does my little one goes through formula. I will put my extra saving into an account named emergency funds. I guess now it is time for me to downsize my cable to save even more money. Thanks for this advice.

    Reply

    • Khaleef Crumbley
      June 4, 2010

      Thanks for the comment, Tarsha! And thanks for sharing this tip! Hopefully, this can be one that will benefit a lot of new parents.

      Reply

  5. MissTeri
    June 4, 2010

    I found a great way to save some extra funds. Recently my job changed and I was thinking how the longer commute would drive my gas bill up, so I decided to give public transportation a try. A 2 zone bus card costs me $72, if I drive I would have to pay $90 a month for parking and at least $30 a week in gas. So catching the bus saves me almost $100 a month (I still drive to run errands.) I also have enough time in the morning to read and meditate on God’s word, because the bus is usually quieter in the morning.

    Reply

    • Khaleef Crumbley
      June 4, 2010

      Thanks for the comment, Teri! I think it’s great that you were able to save a substantial amount of money, and increase your time in God’s word at the same time! Many people suggest public transportation as a way to save money, but it’s good to hear about it in practice.

      Reply

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