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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.

2 Responses to “Another January Money Fund Update and Savings Talk”

  1. VS_ozgirl Says:

    That is really awesome to have accumulated over $50k in savings! Congratulations, you should be very proud of yourself

  2. frugaltexan75 Says:

    Someday I'll be able to say that too. Smile

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