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Emergency Fund Update

June 29th, 2013 at 03:39 am

Today was payday. I had $55.77 left in checking so I transferred the to the EF. I also took out the monthly $100 that I usually take out of the first check of the new pay cycle. This just happens to be in June instead of July, so June got two $100 payments. I will still make one in July towards the end of the month though, when the next pay cycle starts.

That brings the new balance in the Emergency Fund to $5227.39. My goal for June was $5100, so I blew by that. I think I am going to stretch and try to come up with $5500 by the end of July. That is $272.61 to come up with. $140 will be from my regular transfers, so I will still need to eek out $132.61 to meet that goal, well, minus a few dollars of interest. It is doable, especially if I keep transferring the amounts left at the end of each pay week to savings.

I really want to stretch for that, because I want to hit $7000 by the end of the year. It may or may not be possible, but I want to shoot for it regardless.

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