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Payday and Emergency Fund

July 8th, 2011 at 11:43 pm

I made my coin jar deposit at CU#2 into the safety net portion of the Emergency Fund. The exchange rate was excellent as between my $41 in American and $20 in Canadian, I had a deposit of $60.62. That's almost at par! Anyway that brings the safety net up to $307.03. I also transferred $100 to ING into the Emergency Fund there so my total EF between the two is now $1545.51, so I have hit my goal of $1500 in the EF by the end of August, and a whole month early. My next goal is to hit $2000.

I also paid bills today for the rest of the month. There is nothing else due between now and the 1st.

$__33.08 (4 prescriptions, medical)
$__90.00 (physical therapy, medical)
$___9.38 (walk in clinic, medical)
$_100.00 Cash Out
$__44.89 (phone, old house)
$__37.68 (garbage, new house)
$_125.00 (laptop, 18 months same as cash)
$__65.56 (internet)
$_100.00 Emergency Fund
$1000.00 Holding Tank for Medical
$_757.82 Car payment with an extra $250 to principal)
$_500.00 Holding Tank First week of August bills
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$2863.41

The remaining amount of this paycheck will be spent on our road trip for hotels and food and $100 to clothes and toiletries. $1000 of next week's paycheck will be set aside for medical and $200 for groceries.

I'm really starting to feel like we are getting ahead of the game, paying bills early and setting aside money for future expenses. We are still a bit paycheck to paycheck, but I think we're pulling ahead now by a couple of weeks worth of expenses.

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