1. Good tips, Don, and I agree that most folks should do these two things. That being said, however, I can’t even count how many people I’ve known over the past several decades who use Uncle Sam as an automatic savings account. Considering the abysmal interest rates on regular savings (my bank paid well under $10 on over $15k in 2012), it’s really not a bad way for someone without the self discipline to save money each month to save up for a big purchase each spring.