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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?

3 Responses to “January Money Fund Update and Motivation”

  1. VS_ozgirl Says:

    You've already done so much in the way of debt repayment, just think of what you can do now that there is no debt in your way whatsoever Smile

  2. frugaltexan75 Says:

    That does sound like a great idea for motivation. I've also read about these glyph type designs where each circle/shape repreents a dollar value and once you have paid off / saved a set amount you color it in with marker. Then when you reach your total goal, you not only have the goal achieved, but you have a beautiful piece of artwork.

  3. Lefty Says:

    If the use of a visual cue works for you for debt, it may very well work for saving. Good for you for looking to find a way to stay motivated instead of resigning yourself to feeling "stuck"!

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