Friday Finance Challenge

This week we're going to expand on the challenge from last week. Now that you have a brand spankin' new savings account, I bet you're wondering how I expect you to fund that sucker. This week's challenge is so easy that you won't even have to think about it to do it. Stop. Read that sentence again and think about how awesome it will be to take on this challenge and then not think about it ever again.

I want you to set up a reoccurring transfer from your main bank account to your new savings account. It doesn't have to be for much and you can make the transfer happen as often as you want/can afford. My automatic transfer is for $20 every two weeks on a Friday (it's when I get paid). So every month I am putting $40 into a bank account without even have to worry about it. It makes me feel good knowing that the money I would probably waste otherwise is going somewhere were it will be working for me and that I will have a little pillow should I fall a little short the next time I need to pay the water bill.

What would you use your savings for? How much do you think you will want to put in it?