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Another Emergency Fund Update and January Money Planning

October 18th, 2013 at 08:33 am

Today is the first payday of the cycle, so I sent $100 to Emergency Fund at C1-360.

$7398.61 Beginning EF Amount
+_100.00 Monthly EF Deposit
----------
$7498.61 New EF Amount

I am $11.39 away from making my October goal of $7510.

I had $5.61 left in cash from the last paycheck. I added it to the coin jar.

I have also made the decision to continue to fund my funds for now instead of diverting them to January money. Instead of making extra large principal payments on the mortgage, I will save $500 of that for January money and then go back to making the extra large payments in February. I will still be making a payment big enough to pay off $500 in principal each month, just not $1000.

And come January I can always dip into other funds if necessary, particularly the vacation fund or the appliance fund. But I don't think it will be necessary, since we are getting more money each month through year's end due to having hit the amount for the year of that one tax they can take out. With this plan, I should be able to put $500 a month into the January Money Fund, which will bring the total there to $2203.25. I should also be able to scrape up another $1300 between now and year's end. That should be plenty to take care of the unpaid time off.

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