Savings Success Story
by Joyce G.
Easy Ways to Build an Emergency Fund
6 Squirrely Ways to Save
I could really relate to the article on "POS". I have a small business doing Taxes and Accounting for business and clients, but it wasn't always so. I didn't go back to school until I was 40 years old, and our three daughters were almost raised. Before that we lived entirely on my husband's wages, and what little part time income that I could bring in, which usually was less than $2,000 a year. Even with my own business and my husband's income as a Pest exterminator we've never been out of the 15% tax bracket.
We have some retirement savings, an emergency fund of around $10,000, and we only owe $9,000 on our 1800 sq ft home in the country. We have a pickup that's been paid for for years, and I bought us a new car this year with cash. We've also taken vacations, a cruise on our 25th anniversary, and a trip to Cancun, among other trips.
We were able to do all this on a quite small income, because we put savings first, and didn't spend any more than necessary on things that weren't important to us. I also buy food and supplies in bulk when on sale and cook from scratch. Before tax season I do quite a bit of cooking and freeze up the meals so that we don't have to have fast food or eat out much during my busy season.
I just wanted to write and say that amazing things can be done with thrift, saving all you can, and attention to detail. Oh, by the way, we are in our early 50's.
"My Story" is a regular feature of The Dollar Stretcher. If you have a story that could help save time or money please send it to MyStory@stretcher.com
Take the Next Step:
- Are you getting the best CD rate? Use our simple CD tool to find out. It's completely private, easy to use and you'll know what rate is available to you in seconds!
- Get the interest your deserve! Compare money market rates with our best rate finder. It only takes a minute and your privacy is completely protected.
More Tips & Tools to Help You
Live Better...For Less
- How to become a millionaire in 7 easy (hah!) steps
- 5 poor ways to save (and how to do better)
- 10 places to look for $500 in savings
- 9 savvy strategies to save for a rainy-day fund
- 5 big bills you can cut fast
- Money-saving secrets of the rich and frugal
- How to stop credit card offers in the mail
- What to do when frugal fatigue sets in Readers' Solutions
- Putting last year's Christmas bills behind you
- Reduce your debt with this free debt course by The Dollar Stretcher
- Reduce your debt payoff time
- Find a better credit card rate
- Get better savings & MMA rates