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My money is safe from me

May 16th, 2009 at 04:14 pm

I tried to save in an ordinary savings account. The problem is that when I see the $$ there, I think "ooh, I'm rich. I can buy things".
I had to save my money from myself by putting it away into registered retirement savings. I can't trust me with my own money. How bad is that?

Posted in Saving Money | 3 Comments »

3 Responses to “My money is safe from me”

  1. ralph Says:
    May 16th, 2009 at 05:09 pm 1242493774
    1242493774

    I assume you already have an Emergency Fund?

  2. debtfreeme Says:
    May 16th, 2009 at 11:41 pm 1242517293
    1242517293

    I put money into a savings account at a bank not linked to anything else: no checking account, no debit card. It is strictly for saving money. I deosit money monthly and forget about it. You just have to think of it as already spent and not accessible to you.

  3. Valerie Says:
    May 17th, 2009 at 11:59 am 1242561555
    1242561555

    do what you have to do to save. if you have to dig a hole in the ground and cover it up. Smile

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