The propane bill came today and was only $49.91. I set aside $100 a month for propane and the propane fund was at $300. So I took the excess $250.09 and transferred it to the Emergency Fund.
$5632.26 Beginning EF Amount
+_250.09 Amount Added
-----------
$5882.45 Ending EF Amount
My goal for the month of August was to get the EF to $5800, which I have now flown past, so I am revising my goal. I want to hit $6000 by the end of the month. That is $117.55 to come up with. Since there are 4 more Thursdays this month so 4 $10 auto deposits will be made to savings, making $40 of that covered.
I added $3 in ones to the coin jar today, so I have a total of $16 in ones, so that makes $56 and I only need to come up with an additional $61.55 in the next 3.5 weeks. I think that is doable.
Emergency Fund Update
August 8th, 2013 at 06:36 am
August 8th, 2013 at 11:14 am 1375956873
August 8th, 2013 at 02:01 pm 1375966888
August 8th, 2013 at 05:29 pm 1375979373
Out where I live, our winter costs are minimal, but heat in summer can be catastrophic on my budget, so I budget $100 a month for electricity but in my budget for yearly savings (Christmas, car registration, insurance), I save $800 for the electric bill. If I don't spent that money (and this year, it looks like I will), I put that into savings.
August 8th, 2013 at 09:18 pm 1375993127
The only thing on propane is the furnace. Our electric is everything else, and since it is hydropower, it is not as pricey as in other areas of the country. Also we have a wood stove for heat that we used during the day, so the furnace only came on at night if the fire went out or it cooled off enough to kick it on.