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do your account round up??

April 16th, 2020 at 03:10 am

Our bank has where you can round up your savings either to the nearest $1 or $5 so we chose the $1 option for now...so everytime the account is used it takes the savings up to the next $1 and puts it into my ice account...due to have a chronic illness we get subsidies on a couple things it adds up to around $200a year so I have now made it go it strait into our ice account it has gone up $36.15 already this month so it is climbing slowly...I am trying to see what other small changes I can make to save more money this year we need to update the car and want to buy a house next year!

I had to lend our daughter money for gas etc as she hadn't been paid for almost a month and had used her savings etc for her bills but she got paid this week and paid us back so that went back into the account..other than that not much has changed for us...except most places aren't accepting cash anymore so we have a whiteboard where we track our gas and groceries so we don't over spend...gas hasn't been to bad but now we have to go to the hospital everyday so it will increase a bit...groceries have gone up a bit..but we figured they would anyways due to the bushfires we had here..

4 Responses to “do your account round up??”

  1. Smallsteps Says:
    1587012506

    There are a few banks here that offer this feature but it never interested me much.

    I did know a lady co-worker that signed up for that but apparently did not take it into her book keeping and bounced a check or two before she stopped as she did not carry a safety balance to guard against that.

  2. mumof2 Says:
    1587012970

    we always have a $50 buffer in our account here and very rarely do people use checks over here...it takes 3 days to clear no matter what even if its a tax/govt check so we wouldn't have that issue

  3. creditcardfree Says:
    1587044841

    No we don't have this option and it would frustrate my precision brain! I can see how it can help siphon off money for savings, and that is a good thing!

  4. rob62521 Says:
    1587319569

    We don't have this option either. I don't think I would like it, to be honest. I guess it works for some, but I don't think I would care for it. Hope it works for you. I know some people think it is great.

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