Q&A with Sophie – GYG $100 winner, September
Sophie Martinez won $100 for being a great GYG saver.
What are you saving for?
My husband’s health insurance changed. Our deductible went from $0 to $5,000, and we had to pay for $10,000 in medical bills. We started the ‘Grow Your Green’ account to save more after dealing with these expenses. I’m excited about winning the monthly prize. These are good incentives to continue saving.
What steps are you taking to save each month?
We’re definitely trying to budget better. A percentage of my paycheck goes straight into my savings account through direct deposit. I opened our ‘Grow Your Green’ savings account in July. We just set aside a certain amount each month and it stays there, untouched.
What is your biggest obstacle when you’re trying to keep a consistent savings plan?
Medical bills are our biggest challenge right now. However, with the right savings plan and some real discipline, it’s doable.
Has the current economy affected your savings plan at all?
My husband was laid off earlier this year. Luckily, he was able to find another job in three weeks. We know that’s amazing in this economy so we’re very grateful. Also, his former employer was affected by the economy so the company had to cut costs, which then affected us.
Do you have any savings tips for other ‘Grow Your Green’ savers?
I highly recommend designating a certain amount of EVERY paycheck for a savings account. If you use direct deposit, you don’t even see it so you don’t miss it. That is, you’re not tempted to spend it. It’s great that this money goes to a certain account and, if you don’t touch it, it just sits there and grows.
