Comments

1. blitzcat says:
   August 1, 2007 at 10:32 pm

   I didn’t see this mentioned…

   Many people get paid by their employer every two weeks, so usually thats 2 paychecks per month, 10 months of the year. So you are already forced to budget expenses on a 2 paycheck-per-month cycle.

   The other 2 months are when there are 3 pay cycles, I dump the ‘extra’ paycheck into savings or retirement. Easy.
2. mrmysterious says:
   August 2, 2007 at 12:53 am

   I’d like to within a year or two manage to get the magical 3 months salary saved up….we’ll see what we can do between the two of us.

   Three months salary sitting in a bank seems like such a daunting task, but I know if we manage to achieve this it will allow us the ability to have something to help float us through any turmoil in our lives.
3. acambras says:
   August 2, 2007 at 1:44 am

   @blitzcat:

   Great point. That “third check” is often bigger, too, if deductions for health insurance aren’t taken out.
4. tracer333 says:
   August 2, 2007 at 1:31 pm

   my personal rule of thumb was to save up three months worth of bills, vice actual salary. i suppose 6 months salary would be a better goal.

   i guess dropping all of my savings for the down payment on that new car i sprung for a few weeks ago was a shite move. and the $5k for that CISSP training course next week, tho that’s more of an investment. good thing those two things are my only debt.

   i can’t begin to fathom the logistics of one car for a family of 8. i can see its utility if they live in NYC or SF or maybe DC, but anywhere else would be pretty hard.