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EF and Savings Goals

March 23rd, 2012 at 05:46 pm

And I arrived at payday with $78.76 left in my checking account and $3.69 cash in my purse. The money from my purse went into the coin jar. I am going to transfer the $78.76 to my EF, along with the $100 transfer I make every 4 weeks.

$4212.14 Beginning EF
___78.76 Leftovers
+_100.00 Regular transfer
--------------
$4390.90 Total EF

So I hit my goal of $4250, though that was my original February goal that went out the window when all the medical bills for physical therapy went in. My original March goal is to have the EF at $4500. Right now I am $109.10 away from hitting that goal. I have $21 ones in the coin jar, so really if I want to still hit that goal I need to come up with $88.10 by the end of the month. Since there is another payday on the 30th, I think with a little pinch here and there in the budget, I can do that.

I just have to remember we have to renew our Pacific Science Center annual pass and that we have to reserve our tickets for the King Tut exhibit. I am hoping to go down on spring break and maybe see The Hunger Games on IMAX.

I will not be taking a monthly allowance this month, since I bought a new copy of Office already. I did fill allowance envelopes though, $100 to DH (monthly), $12 to DD (weekly) and $7 (weekly) to DS. I'll talk to DH about whether or not he wants to use his allowance towards the science center pass. We had mentioned it last month but nothing was set in stone and he's saving for a Nook.

DS is saving for a good quality laptop. With what he's saved so far, and all his birthday money he has $159 in his bank account. He wants to get one in the $700 price range. We told him we would pay for the service contract. We might throw in $100 or so at the end. He'd like it by the time he starts 7nth grade, but understands it might be closer to Christmas unless he works really hard.

My mother is going to teach him how mow lawns this week and then she will pay him to mow her lawn. It is also possible he might be able to get paid to mow some of the neighbor's lawns. I'd certainly give him extra to mow the lawn out at the old house. We'll have to start doing that towards the end of April.

He also collects aluminum cans from the neighbors and takes them in to the recycling center once he has 50 pounds (you get a higher price after 50 pounds), so he gets money for that, too.

And he brings in the mail and the paper for our next door neighbors when they go on vacation, which they do a lot in the summer, and they give him a $10 every time. He's really a good little hustler when he wants to be.

DD has finally decided to start saving her money. I've been a bit worried about her because all she ever wants to do is burn through it and I want her to get in the saving habit, but she's saved it for the last three weeks and she has her eye on a 3DS she'd like to buy. If she saves all of her allowance between now and her birthday and uses her birthday money, she should be able to buy it mid-August. We'll see. She likes to have a social life, too, although I pay for games and dances and send her a little food money if she is going to an all day event.

I am still updating my spreadsheets, but will hopefully finish that tonight and then be able to set up April's Budget from my template and start entering in the bills that come due first of the month that will be paid for out of this paycheck.

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