Secrets of Success

Pay Yourself

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MEMBERS SPARKED

When you have finished paying off a "loan" whether it be for a car, a credit card, or anything else continue making these monthly payments to yourself to a savings account.

More Information:

I paid my car off a while back and continued making those payments to myself. It only took 2.5 years for me to have enough to buy my next car without a loan. The best part is that it took half as long as a standard car loan because there was no interest. I EARNED interest instead of PAYING it!

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Member Comments

  • Awesome idea and a great way to get ahead. I usually like to save up for what i want to buy or fix in the house ect. Some times unexpected thing happen and I have to use that money. But being patient to save keep you out of deep debt. emoticon - by FOREVER4ME
  • Awesome idea. I wish I could do it, but my debt load is too big for that yet.

    emoticon - by JRBASKIND
  • It is great that you thought that through and were able to do it. Excellent choice. Pat in Maine. - by NORASPAT
  • That's a really good idea. My husband and I just finished paying off ALL our credit cards!!! emoticon - by CHAIRUL
  • This is one of my favorite ways to save. I have a car note that will be paid off in two months and I'm looking forward to that money going to MY savings account instead of GMC! - by TERRIEJO53

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