Comments on: 31 Days To Fix Your Finances, Day 13: Pay For Your Dreams First http://www.thesimpledollar.com/2007/01/13/31-days-to-fix-your-finances-day-13-pay-for-your-dreams-first/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Dreamer http://www.thesimpledollar.com/2007/01/13/31-days-to-fix-your-finances-day-13-pay-for-your-dreams-first/#comment-64749 Dreamer Fri, 31 Aug 2007 19:50:06 +0000 http://www.thesimpledollar.com/2007/01/13/31-days-to-fix-your-finances-day-13-pay-for-your-dreams-first/#comment-64749 What are your thoughts on opening up different accounts for different goals? Currently I have a Capital One account opened for my goal of building an emergency fund. I have other goals including a future purchase of my first house and an upcoming engagement and wedding to plan for. Would it be ok to open up 2 more online money market accounts (perhaps at different banks) in order to see my progress on saving for these three goals seperately? Otherwise I feel I won’t start saving for the home until my emergency savings is finished and so forth.

]]> By: Bernard http://www.thesimpledollar.com/2007/01/13/31-days-to-fix-your-finances-day-13-pay-for-your-dreams-first/#comment-4233 Bernard Sun, 28 Jan 2007 06:49:06 +0000 http://www.thesimpledollar.com/2007/01/13/31-days-to-fix-your-finances-day-13-pay-for-your-dreams-first/#comment-4233 Yes, this is a very good practice. This is known as “Pay Yourself First” principle which is a simple but yet powerful practice. In fact, in “Rich Dad, Poor Dad”, Robert Kiyosaki mentioned it as a habit of the riches.

I have a few articles in my blog of people who have tried and followed this religiously.

– B. (richdadwisdom.com)

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