Keep adding to your accounts and you will find that saving money will become addictive. You will love seeing your numbers grow and a sense of comfort and pride will come over you and encourage you to save more.

As soon as you feel comfortable set aside that 3-6 months of emergency money for when disaster shows up.

Keep up the good work.
You have to start somewhere.

My Dad was very old fashioned and he never believed in investing in the market. But he did like collecting CDs. And he did understand the concept of compounding.

His favorite words: Save. It adds up very quickly.

This is like lottery tickets that give you back your money, plus extra, at the end of the CD. And you can take most of it out early if you have an emergency. But this is money you’re not used to having, so you probably won’t take it out early.

This is also a fabulous starting out point. When the incentives stop, you may switch to regular savings or an online savings account or something. And you may think of something awesome you can do with this money after a few years to entice you to save more.

This is sort of how I started saving for retirement. I started with an amount small enough that if the stock market dropped to zero and I lost everything, I wouldn’t miss that money. Then I worked my way up from there, learning as I went.

Meanwhile, your financial situation is improving monthly without hurting you much at all. (Your winning fantasies are a little less exciting!) And your money is perfectly safe.

And what if this isn’t a starting point, but you just do this so long as the promotion lasts and then go back to buying lottery tickets and poster-child living? You’ll still have an extra pile of money you wouldn’t have had without doing this.

Congratulations!

Rgds,

RB

Not a bad idea, but unless you’re spending hundreds of dollars on lottery tickets, I don’t think you’re going to save much no?

Rgds,

RB