Home > We Hit It! Milestone 2 Accomplished!

We Hit It! Milestone 2 Accomplished!

February 5th, 2022 at 11:27 pm

We finally hit our six month's expenses with yesterday's deposit into the emergency fund.  I really felt like we would never get there.  It takes a huge load off my shoulders.  I will probably slowly work on rounding it up to $21,000, just because I like round numbers, but for now, we have done it and I am so happy.

$20,212.21 Starting Balance

+__,310.49 Amount Added


$20,522.70 New balance

This brings our net worth up to $129,069.98.

Future EF goals, after we save for some other things, will be $42,000.  But we've got a lot of other stuff to prepare for otherwise, like finishing the garden.  One thing I want to do is slowly bump up retirement savings.  We are currently contributing 16% of income to the 401K, and I am decideing whether we want to continue to slowly bump that up, or just save some money up and open a spousal Roth IRA for me.  We've talked about it before, but were never in a place to do so.

I guess we will figure it out as we go.  For now, it feels fantastic to have the second huge goal in our lives accomplished.  The first one was paying off debt.  Hitting milestones I never thought I'd hit when I started is amazing.

11 Responses to “We Hit It! Milestone 2 Accomplished!”

  1. Wink Says:

    That is fantastic! Congratulations!

  2. CB in the City Says:


  3. rob62521 Says:

    That is wonderful! Isn't is comforting how having some money saved can give you some peace of mind? Keep up the good work.

    I like round numbers too! Smile

  4. VS_ozgirl Says:

    Congratulations that’s truly awesome!!!!

  5. LivingAlmostLarge Says:

    Congratulations and that is amazing and good work on the retirement at 16%. Do the Roth IRA for you

  6. Brunette Says:

    That is awesome! Congratulations! You should have both feelings of accomplishment and security!!!

  7. LuckyRobin Says:

    Thank you, everyone.

  8. terri77 Says:

    Yay!!! It’s good to know that you have some breathing room if a crisis hits.

  9. Amber Says:

    That's awesome, I'm so happy for you.

  10. Dido Says:

    Congrats! Always satisfying to hit a milestone!

  11. LuckyRobin Says:

    Again, thank you.

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