[Kayla Buell – Ambassador]

I love this! I think it makes so much sense to make yourself pay a “ME” bill first. Like you said, after that money’s been spent on paying yourself, you’ll adjust your lifestyle to make due with the spending money you have left. I’ve been doing this for years taking $50 out of each paycheck and sending it automatically to a tiny little checking account I have with my credit union but it usually helps me come Christmas time since I have a nice little fund saved up.

[Stacey Daprile – Ambassador]

Kayla, I keep thinking that I should set up a Christmas fund. With six kids, it always stretches our budget. The presents, the food, the decorations, and entertaining adds up super fast!

[Sum180 Lead Coach]

That reminds me, Stacey, of the research we did that shows that you are supposed to spend no more than 1.5% of your take home income on the holidays. I say “holidays” and not “Christmas” because for me the spending starts at Thanksgiving and stops when I am finally disgusted with the endless outflow right around New Years. That might sound like a lot, but it isn’t if you have to travel. The key is to have a budget, which I never do but I AM GOING TO THIS YEAR based on your reminder. Thanks!

[Antoinette Minor – Ambassador]

Stacey I think the holiday fund is a fabulous idea. I don’t have a large family but Christmas always seems to creep up on me so I put money aside so I’m not in a bind during that time.

Other than that I have auto transfer to a savings and its totally come in handy on more than one occasion! It pays to pay yourself first especially when you don’t even notice and its there when you need it.

[Josh Johnson – Ambassador]

Love this idea! And yes, I couldn’t agree more. It’s definitely important to do that, even if it’s just for the gratification of actually reaping the rewards of what you’ve worked so hard for.