Under what circumstances is it okay to dip into my savings? To ask this question means that I have not created rules to govern my saving habits (which alludes to how rebellious I am with my saving and spending habits). I’ve simply created a bucket called “savings” and put money in there and then I said to myself that I would not touch it. If I were a business, then my profits would be the equivalent to my savings. My main, even primary concern is profit, as a business. Then the question can therefore become, when is it okay to spend some profit? My profit is similar to me paying myself; how have I earned my pay? The things I buy with my savings – profit – salary equal my time. My time becomes the cost of objects. What is worth my time?
Winsome: setting rules for account transfers creates the utmost security; make rules strict, make penalties stiff, and create good financial habits.
Losenone: do not handle designated saving accounts as ordinary accounts. Saving accounts definitely do not hold disposable income. I must hold this money to a higher standard; make it heavier so that it is not so easy to move.
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