Forum

Does Anyone Save 10% Of Their Income Right out of PayPal?
 

So I've wanted to save 10% of my income by "paying myself first" for a while now. But the issue is having multiple PayPal accounts where they auto sweep to the bank and then different expenses are always coming out at different times, etc makes it way too complicated.

I wish I could just take 10% of my paycheck and put it aside each month and not have to worry about it. But running a business makes that a little more complicated, let alone running a business with tons of different financial accounts.

I noticed that acorns can pull right from PayPal, but only as a "keep the change" type deal based on your spending. Is there a way that I can have 10% off the top of all sales go into a different account for savings or investment?

Re: Does Anyone Save 10% Of Their Income Right out of PayPal?
 

Hmmm. The way I do it is I have a main personal bank account that I use for paying for shipping, buying product, ect.

I then have all my stealth accounts dump their money into savings accounts at different banks.

Re: Does Anyone Save 10% Of Their Income Right out of PayPal?
 

It's easier and better to put your savings away at the bank side. This way you have access to it quickly if you need it, yet it's in a separate account that is not used for your other expenses.

Re: Does Anyone Save 10% Of Their Income Right out of PayPal?
 

Agreed with Nick.

Certain banks/CU's offer CD's that you can add $ to over time. Good option to look into if you're always dipping into your savings.

Re: Does Anyone Save 10% Of Their Income Right out of PayPal?
 

Your sale AREN'T your paycheck, by the way. Just in case you were aware of this...

Re: Does Anyone Save 10% Of Their Income Right out of PayPal?
 

I also have a problem with my forum posts making little sense in the morning. :)