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www.eInvesting.com Forum Index » Saving Money

Set Aside Extras


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trixiezzz
PostPosted: Sat Feb 26, 2005 7:00 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 11 Feb 2005

Posts: 306
This Month: 0

16271.07 e$

Net worth: 16,271.07
Portfolio Value: 0.00
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0.00%
Trades this month: 0
Churn Rate: 0.00%

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Another thing I like to do is to cash any kind of extra money that comes into the house: rebate checks, refunds, bonus checks and then stash the money in an envelope earmarked for something special: like a vacation. In 6 or 7 months time I'm always surprised at how much "found" money I've accumulated. (if I can 'forget' about it and keep my hands off it!)
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fladoozle84
PostPosted: Thu Mar 10, 2005 7:02 pm Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 20 Feb 2005

Posts: 68
This Month: 0
Location: Maryland
7515.96 e$

Net worth: 7,515.96
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I do the same thing. I clean a drawer in my room and I find money stashed away in an envelope marked "rainy day fund" then I put more money in there and hide it in a different place. I haven't counted it in some time but I know I will have to clean my room again to find it!
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trixiezzz
PostPosted: Sat Mar 12, 2005 5:41 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 11 Feb 2005

Posts: 306
This Month: 0

16271.07 e$

Net worth: 16,271.07
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

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We're using all our "extras" for our upcoming Disney trip. I've found if I convert the extra money into Disney Dollars it keeps me from using it to buy a pizza or something. Because it's ONLY good at Disney.
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paula0000
PostPosted: Mon Mar 21, 2005 3:37 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 19 Feb 2005

Posts: 259
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17485.80 e$

Net worth: 17,485.80
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It seems to always be easier when there's a goal in mind- like a vacation or a new purchase. I love hearing everyone's tips!
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InvestingMac
PostPosted: Mon Mar 21, 2005 7:04 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 10 Feb 2005

Posts: 366
This Month: 0
Location: Canuck Land
16951.58 e$

Net worth: 123,514.58
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Monthly Return:
0.00%
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Churn Rate: 0.00%

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trixiezzz wrote:
We're using all our "extras" for our upcoming Disney trip. I've found if I convert the extra money into Disney Dollars it keeps me from using it to buy a pizza or something. Because it's ONLY good at Disney.


An interesting idea! If you did actually need the money (unforseen expenses, etc.) could you redeem the Disney money for cash? Or is it gone once you convert it?
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