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January Money Fund Goal Met

August 28th, 2015 at 10:34 am

$3555.54 Beginning Balance
+_444.46 Deposit Added
-------------------
$4000.00 Final Balance

Now I can start adding to the Christmas Fund.

January Money Fund Update

August 21st, 2015 at 09:06 pm

$3482.54 Starting Balance
+__10.00 Weekly Deposit
---------------------
$3492.54 New Balance
+__63.00 Farm Sales and Coin Jar
-------------------
$3555.54 New Total

$444.46 to go to hit my goal of $4000.

January Money Fund Update and Motivation

August 13th, 2015 at 06:58 pm

$3472.54 Starting Balance
+__10.00 Weekly Deposit
------------------
$3482.54 New Balance

$517.46 to go to hit my goal of $4000.

I have been trying to come up with ways to stay motivated when I'm saving up and not paying down. I saw a neat thing on someone's blog (Debt Free Charts on blogspot) and while they were mainly focused on paying off debt with their charts, I took the idea and made up my own chart for my down payment.



The idea is to mark off a line every time I have added $500 to the down payment fund. This way I can have a visual representation of our savings account growing that isn't just a number. I set the goal at $80,000.

I think having the chart to fill in will motivate me. I really want something to. I put it on the back of my bedroom door so I have to see it every morning when I get up and every night when I shut the door. It will have a real presence in my life. I don't know if that presence will lead to urgency to save or not, but I have to think it will have more of a chance of doing that than doing nothing at all, right?

Another January Money Fund Update and Savings Talk

August 7th, 2015 at 11:43 am

$3247.54 Starting Balance
+_225.00 Monthly Deposit
---------------
$3472.54 New Balance

$527.46 to go to hit my goal of $4000.

I should be able to hit this goal by the end of September or the first week of October. Then I will use the weekly and monthly deposits and the coin jar and farm sales money for my Christmas Fund. Christmas is going to be pretty low-key again, like last year, so we should easily be able to have enough money for that by the end of the year.

The other big milestone for me, is that we have hit over $50K in savings. Between the Emergency Fund, the Farm Down Payment Fund, and the other smaller, short-term funds, we have gone over $50K in the bank for the first time. I am not counting the money we owe the contractor as I consider that his money that we are holding. We have never had that much money in the bank before. It's really nice. I know it will drop down in January when we need to use the JMF, but it won't take too long to get it there again after that. We should have it there by April.

January Money Fund Update

August 7th, 2015 at 12:40 am

$3237.54 Staring Balance
+__10.00 Weekly Deposit
------------------------
$3247.54 New Balance

$752.46 to go to hit my goal of $4000.

Multiple January Money Fund Updates

August 3rd, 2015 at 02:41 pm

$3053.63 Starting Total
+__31.33 C1-360 Interest
----------------
$3084.96 Subtotal
+__57.75 Farm sales
-----------------
$3142.71 Subtotal
+__16.25 Coin Jar
-----------------
$3158.96 Subtotal
+__21.10 ACOP Survey Check
------------------
$3180.06 Subtotal
+__57.48 Farmer's Co-op Stock Disbursement Check
------------------
$3237.54 New Balance

$762.46 left to hit my goal of $4000.

The farmer's co-op merged with another company and the paperwork that came with the check is hard to figure out what they did exactly. I don't know if this was a difference in the old stock price verses the new stock price or if we no longer have any stake in the co-op at all. Very unclear. We only had one share, but that share got us discounted prices on feed and farm supplies. DH is going to call and find out. The dividends were generally only around $30 a year when we weren't buying propane, but it was always a nice little thing when it showed up.