Okay, so it is that time again, when I update how my progress is going on my “Grand Savings Plan!”
Okay, so let’s see how I did . . .
For review, here is how things looked from last payday . . .
That is 11.8%
And this is how things look like, after the dust settled on this payday’s budget . . .
That’s right things jumped up to 13.2% of my savings target. That means I put away 1.4% of my total Savings Target this payday.
This is one of those days when I “Stole a Square!” I managed to jump past 12%. This is because of how those .X% landed.
Well, that and the fact that at this part of the year, my payroll taxes drop off, so I get to keep more of my hard earned pay.
Come January those payroll taxes will be back in full force and I will hit the wall. So, don’t expect these great numbers to continue.
This is the “Woo-Hoo” end of the year where payroll taxes are approximately 18 – 20%).
From January onward it is the “Stick-Em-Up” end of the year, where the payroll taxes take a much larger bite, as now they are approximately 27.5%.
One thing is clear, that I will continue to put as much as I can into savings to build for my future, regardless of how much I can put away each payday.
As always: Keep your head up, your attitude positive, and keep moving forward!