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Getting closer to next goal

March 27th, 2011 at 09:14 am

Our next savings goal on the list for this year is the Emergency Fund. Currently it is at $1400, and our goal for the year is $3000.
I had set up savings accounts with ING for our Laptop and Washer/Dryer that are both on 0% financing. So we had $600 in the Laptop savings, and $1200 in the Washer/Dryer savings to cover the full amounts of the 0% loans. But for both loans I have to make the minimum payment, so the balances of each have gone down and now have extra funds in both of those accounts. So I transferred $200 out of each of the accounts to the EF. Now the EF is up to $1800, over half way to that goal! I also have $500 set aside for my MOH duties in May. So far I have been able to hold onto all of those funds. I paid for my dress back in September and was able to pay for it out of checking. I am going to buy gifts this week, but should be able to cover those out of checking as well. Hopefully I can hold onto most or all of the MOH funds and then that can be transferred to the EF as well.

2 Responses to “Getting closer to next goal ”

  1. creditcardfree Says:

    Smart move...reallocating the funds!!

  2. -Jerry- Says:

    Nice job on organizing things like that to lead to a boost in the EF! When you have some insurance of knocking out a goal like that it really makes a difference in tackling the other goals on the list

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