Comments on: In the beginning

By: Nicki

Nicki — Wed, 10 Dec 2008 13:25:55 +0000

I think the beginning is hard sometimes because it seems like it won’t make a difference, like the end is SO far out of sight that it’s not even worth it, but it’s untrue. The sooner you begin, the closer the end will be. Stories like Frugal Dad above are encouraging because once you get it going it gains momentum. Thanks for reposting this one … it’s a good one.

By: Frugal Dad

Frugal Dad — Wed, 10 Dec 2008 11:48:30 +0000

That first step is always the hardest, but looking back I’m so glad I took it! I’ve cleared nearly $20k in debt this year, started a Roth IRA, contribute to my 401(k) at work, and finally have a decent emergency fund. None of those goals would have been met without taking that first single step.

By: glblguy

glblguy — Wed, 10 Dec 2008 11:13:04 +0000

@Jen – Thanks Jen. Glad to have you as a reader!

By: Millionaire Acts

Millionaire Acts — Wed, 10 Dec 2008 10:13:19 +0000

I agree! We must “begin” it today! The earlier and the younger we saved, the more our chances in achieving our financial goals.

By: Jen @ Frugal Right Here, Right Now

Jen @ Frugal Right Here, Right Now — Wed, 10 Dec 2008 03:48:42 +0000

I will BEGIN my emergency fund, and keep at it until I have $1000.
I have begun this several times and each time I get a few hundred dollars in it, something happens. In May a cracked rear-axil, In Aug an unexpected and rather large dental bill for my daughter, and in Oct a family wedding that was way more expensive than we anticipated. And each time I have had to drain my “emergency fund”. This time I have set up two ingDirect accts- one I have labeled Emergency Fund- which I set up for a weekly $10 automatic deposit. The second one I labeled “Rainy Day Fund”- which I set up for auto. deposits of only $5/week. I am hoping that if anything else comes up that I will be able to pull from my Rainy day fund and not ruin my efforts to truely, fully fund my emergency fund.
Great post! I love your blog and read it daily (via RSS Feed). Thanks!

By: Craig

Craig — Tue, 09 Dec 2008 19:51:24 +0000

You are right, it’s all about beginning. I think the times are making people put that question into action. People should be proactive about their short term and long term finances. The times will change, but you always have to be ready. you never know what’s going to happen.