Friday 23 November 2018

Grand Savings Update (And More)

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!

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