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Debtfree Female Seeking $$ for Savings

March 13th, 2008 at 07:57 pm

First of all, thank you again to everyone who replied with good wishes regarding my debt free post. I am grateful for the encouragement. Being surrounded by people who complain that they have to be in debt and cannot afford to save gets old quick. I prefer the financial company here instead.

Now my thoughts have turned to how to quickly beef up the savings amounts. We will be putting a set amount each month into the three goal areas. Since we paid off the debt by seeking out other money, I want to do the same to up our savings amounts.

The first extra amount going in will be the state tax refund which arrived today. Initially we thought it would be needed to pay off the debt, but we can now happily put it toward savings.

Second going in will be money from some stock dh sold earlier this week. He had watched it drop over time from the purchase price. This week it reached the highest price in over a year so he decided to sell. I guess his decision came at good time since the price dropped today. This was our only attempt at the stock market. I really need to be more informed before jumping back into individual stock purchases. I also read a financial analysis that recommended selling stocks now. I do not know how much "stock" to put in that. I think we got out at a good time for us. That money will also go into the savings accounts.

My other financial goal is to blog more. I know that helped keep me focused while we were getting out of debt. I certainly want to keep that same intensity.

2 Responses to “Debtfree Female Seeking $$ for Savings”

  1. NJDebbie Says:

    Wow, looking at your 2008 goals it shows as Dave Ramsey would say, you were Gazelle intense. Congrats on your accomplishments, stay debt free and see how fast your savings will increase. No credit card debt=money in the bank.:-)

  2. scfr Says:

    Congratulations on transitioning so quickly from "getting out of debt" mode to "saving" mode. Of course getting out of debt is incredibly important, but it is not the finish line!

    Will you be changing your blog sub-title?

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