So, as I get going on my reincarnation of The Grand Savings Plan (to build The Homestead Fund) I am revisiting an old question.
Do I include the contents of my Mid-Term Savings Account towards my Savings Goal?
Since it is a savings account, the simple answer is yes, don’t be silly.
Yet, since it is not a Long-Term Savings Account, and I can raid it at any time, it doesn’t feel right to include it.
The very purpose of the Mid-Term Savings Account is to be available for me to dip into at anytime right away, for any reason. My “Emergency Cash” as it were.
Yet, it is savings nonetheless, and by including it in my calculations towards my Savings Goal, it discourages me from touching it (which is a good thing).
It is an esoteric discussion within me, and one that will bug me as I move forward.
Part of me will still feel like I won’t have achieved my goal unless I have achieved it without including the Mid-Term Savings Account.
This is silly, of course, because as soon as I make that Savings Goal I will start to spend out of it as I go off and begin the next adventure. (Whenever and whatever that is).
As always: Keep your head up, your attitude positive, and keep moving forward!