I am going to try to update a couple times a week from now on. Soccer tryouts started this past week, so I've had some long days at my school. ;)
My federal tax refund went into my checking account last night, so I moved it right over to savings. I am so close to having $1,000 saved for summer! My next payday is in two weeks, so I'm going to move another $250 over at that time.
I'm waiting on news ab0ut my 0% balance transfer through my bank. It was a big hassle to find out what my Discover Card account number was, because I got rid of the card a long time ago and they refuse to give out account numbers over the phone. They sent a new one "overnight" which I never got, so I called back and they wound up closing my account so they could tell me what it was. I then called my banker and left her a voice mail with the information, but she has yet to call me back. Too bad Monday is a bank holiday too (for President's Day). I'll have to call on Tuesday and follow up with all this. I'm sick of paying $30/month in finance charges.
At the rate I'm going, I should have plenty in the bank for summer--especially at the end of the season, when I get paid for coaching and also in May when my supplemental bonus comes. Then anything from working over the summer can go straight onto debt.
Like they say, slow but steady wins the race. =)
Showing posts with label Savings. Show all posts
Showing posts with label Savings. Show all posts
Saturday, February 14, 2009
Friday, January 16, 2009
A Small Windfall
Today in the mail, I received a check for $50 from my grandmother. It was a belated birthday gift. I couldn't get to the bank before they closed, so I won't be able to deposit it to savings until Tuesday (thanks to MLK Day on Monday). However, when I do, my balance will be close to $900!
I get paid again January 30 (I only get paid once a month). On payday, I will be moving any leftover cash from checking into savings--which should be between $60 and $75. Additionally, I will be putting $150 from my paycheck in savings, too. So, come January 30, I will have around $1,100 in my savings account.
Dave Ramsey says to cap out your baby emergency fund at $1,000, but since I am on 10 month pay, I need to save enough to make it through the summer. I plan on continuing to save at least $150/month through the end of the school year, adding my end-of-year bonus to my summer account (which should be about $2,500), and also putting part of my tax refund in it. I'd rather have too much than not enough, and then the extra can go to debt once I make it through July and August. It goes without saying that I'm going to work somewhere too, for extra money!
The old me never would have planned for summer--I probably would have just lived off a credit card. So this is huge for me!
I get paid again January 30 (I only get paid once a month). On payday, I will be moving any leftover cash from checking into savings--which should be between $60 and $75. Additionally, I will be putting $150 from my paycheck in savings, too. So, come January 30, I will have around $1,100 in my savings account.
Dave Ramsey says to cap out your baby emergency fund at $1,000, but since I am on 10 month pay, I need to save enough to make it through the summer. I plan on continuing to save at least $150/month through the end of the school year, adding my end-of-year bonus to my summer account (which should be about $2,500), and also putting part of my tax refund in it. I'd rather have too much than not enough, and then the extra can go to debt once I make it through July and August. It goes without saying that I'm going to work somewhere too, for extra money!
The old me never would have planned for summer--I probably would have just lived off a credit card. So this is huge for me!
Subscribe to:
Posts (Atom)
Posts
