Comments on: The Savings Snowball http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#utm_source=rss&utm_medium=rss&utm_campaign=the-savings-snowball A personal finance blog teaching you how to live debt free and use credit wisely. Fri, 10 Feb 2012 15:18:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Savings Snowball: New Method for Saving More | Afford Anything .orghttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-162676 Savings Snowball: New Method for Saving More | Afford Anything .org Wed, 20 Jul 2011 17:50:00 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-162676 [...] No Debt Plan reminds us to think about our “savings deadlines” when picking which goal should be the top priority. [...] [...] No Debt Plan reminds us to think about our “savings deadlines” when picking which goal should be the top priority. [...]

]]> By: Friday Quotables - "It's the Weekend!" Edition | stretchyDollarhttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-11520 Friday Quotables - "It's the Weekend!" Edition | stretchyDollar Fri, 20 Feb 2009 17:52:46 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-11520 [...] Pick “Other folks are more methodical than I am. Several personal finance blogs — including No Debt Plan, Poorer Than You, and Blunt Money — advocate a “savings snowball”, which is based on the [...] [...] Pick “Other folks are more methodical than I am. Several personal finance blogs — including No Debt Plan, Poorer Than You, and Blunt Money — advocate a “savings snowball”, which is based on the [...]

]]> By: Ask the Readers: How to Prioritize Savings Goals? ∞ Get Rich Slowlyhttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-11490 Ask the Readers: How to Prioritize Savings Goals? ∞ Get Rich Slowly Fri, 20 Feb 2009 13:01:03 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-11490 [...] folks are more methodical than I am. Several personal finance blogs — including No Debt Plan, Poorer Than You, and Blunt Money — advocate a “savings snowball”, which is based [...] [...] folks are more methodical than I am. Several personal finance blogs — including No Debt Plan, Poorer Than You, and Blunt Money — advocate a “savings snowball”, which is based [...]

]]> By: Carnival Sightings | Green Panda Treehousehttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-2564 Carnival Sightings | Green Panda Treehouse Sat, 19 Jul 2008 04:10:20 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-2564 [...] No Debt Plan examines The Savings Snowball. [...] [...] No Debt Plan examines The Savings Snowball. [...]

]]> By: Carnival of Personal Finance #141 - The College Years Edition — Broke Grad Studenthttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-58 Carnival of Personal Finance #141 - The College Years Edition — Broke Grad Student Mon, 25 Feb 2008 12:01:20 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-58 [...] from No Debt Plan spells out a twist on Dave Ramsey’s Debt Snowball in The Savings Snowball. Find out how he uses it with great [...] [...] from No Debt Plan spells out a twist on Dave Ramsey’s Debt Snowball in The Savings Snowball. Find out how he uses it with great [...]

]]> By: Kevinhttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-55 Kevin Fri, 22 Feb 2008 16:50:24 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-55 Ezuk and Kelly -- I responded to Ezuk's questions with a separate post: http://www.nodebtplan.net/2008/02/20/managing-our-savings-account/ Thanks! Ezuk and Kelly — I responded to Ezuk’s questions with a separate post: http://www.nodebtplan.net/2008/02/20/managing-our-savings-account/

Thanks!

]]> By: KellyBhttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-54 KellyB Fri, 22 Feb 2008 16:11:01 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-54 Ezuk - I'll chime in and just let you know I use a simple Excel spreadsheet to track my savings goals. I label each "subaccount" (although they are all lumped together at the bank, this is just on my spreadsheet) with categories I am saving for. I have Emergency Fund, Vacation, Christmas, Car Repair, Medical, Home Items, etc. I determine what amount I want to save as a goal for each, and as in the article, what I have to save monthly to acheive that goal by the time frame I want to set. I have $$ automatically deposited into my savings from my checking each month (each paycheck really), and then I divvy it up as per the plan. It has worked very well for me, and is very simplet to maintain! Good luck! Ezuk – I’ll chime in and just let you know I use a simple Excel spreadsheet to track my savings goals. I label each “subaccount” (although they are all lumped together at the bank, this is just on my spreadsheet) with categories I am saving for. I have Emergency Fund, Vacation, Christmas, Car Repair, Medical, Home Items, etc. I determine what amount I want to save as a goal for each, and as in the article, what I have to save monthly to acheive that goal by the time frame I want to set. I have $$ automatically deposited into my savings from my checking each month (each paycheck really), and then I divvy it up as per the plan. It has worked very well for me, and is very simplet to maintain! Good luck!

]]> By: ezukhttp://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-41 ezuk Tue, 19 Feb 2008 13:44:58 +0000 http://www.nodebtplan.net/2008/02/15/the-savings-snowball/#comment-41 But how do you separate what you're saving for? My bank lets me put the money into a savings plan (banking in Israel is different - we don't have "savings accounts", just savings plans). What financial management system do you use to separate out what you've saved into various blocks? But how do you separate what you’re saving for?

My bank lets me put the money into a savings plan (banking in Israel is different – we don’t have “savings accounts”, just savings plans).

What financial management system do you use to separate out what you’ve saved into various blocks?

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