The Easy "Multiply Your Savings" Plan
When I was growing up, both of my parents often said it was important to save money. I know they put money into a savings account every month. But they also withdrew money from savings whenever the checking account ran low, and my mom complained that it was "impossible" to keep money in savings. For many, many years, I followed the exact same pattern. My savings account was just a place to stash money until something "came up." It was "on hold" until then. Yes, my husband and I could always pay our annual auto registration and car insurance. We could pay for our kids to attend summer drama camp, which they loved. But we never accumulated savings. The amount never rose above a few hundred dollars. We were basically spending everything we earned – only moving some of it into "shelter" for a few months before spending it. There was no margin in our budget. Finally, Jon and I dug ourselves out of five-figure credit card debt and learne...