Tip Of The Day: Why You Should Bury Your Money In Your Back Yard

If money never seems to stay in your savings account for long because you always seem to "need" it, here is a tip for you.

Set up a savings account that isn't connected to your regular bank account.  Have an amount of money automatically transferred each month from your main checking account into your "secret" account (note: if you're married, we definitely don't mean you should keep this "secret" from your spouse - that's bad news for any marriage!).  Now take that account number, write it down, put it in a ziploc bag, and drop it in the bottom of your deep freezer or bury it deep under a rock in your back yard.  Forget about it.

You don't actually have to bury the money, just bury the account number that keeps you from getting into your money!

You will start building an emergency fun that is really only for true emergencies.  You won't be temped to dip into it for just any reason.  It will have to be a reason good enough to go looking for the number.  Years later when you look into that account, you will be pleasantly surprised to find how much extra money you've hidden away.


Marcia