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Savings Update

April 8th, 2008 at 10:05 pm

Okay, so we pretty much wiped out our savings account making essential car repairs last month and the month before that. I'm pretty much starting over from scratch. My goal is to get it back up to a level that I'm comfortable with, so here we go.

$ 97.41 starting balance
$ 70.00 7X $10 weekly deposit
$100.00 monthly deposit
-------
$267.41 ending balance

The $70 is made up of my $10 weekly deposit that automatically gets deposited in my savings account each week, but that I have been too lazy to transfer to my higher interest account each week like I used to do. Bad habit and one I'm going to be getting right out of again, starting on Thursday with the next auto deposit. The $100 is the monthly deposit for April. Well, it's not really a monthly deposit, it's an every four weeks deposit, because DH is on a 28 day pay cycle as it works out. But close enough to monthly for me to call it that.

I'm going to start doing my surveys again to help build this fund back up and start rolling coins again, too. How did I get so lazy about saving money? Just because we have a better income is no excuse for this kind of laziness. Time for me to really get on the ball again.

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