Monday 25 March 2019

Grand Savings Update

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 19.3% (of my Savings Target).

And this is how things look like, after the dust settled on this payday’s budget . . . 
That’s right things jumped up to 20.3% of my savings target. 

That means I put away 1% of my total Savings Target this payday.

So, it is official, I have made 20% and each ten percentage points is a big deal for me, and a reason to celebrate. 

Yet, funnily enough it kinda feels like only 13.33% because I increasingly discount the amount in my Mid-Term Savings Account. 

That is my Personal Line of Credit, and is available to me to spend in an emergency at any given time. 

I also don’t count the contents of my Main Account as savings, even the first thousand that I keep in there and designate my Personal Overdraft. 

Yet, I know that this is splitting hairs and savings is savings. 

To satisfy this urge I will continue to work and build my savings until I have put that extra ten grand in my Long Term Savings.

The point to focus on is the fact that I am continuing to build my savings with each and every payday.

What I will do with my savings, I have yet to decide or determine, yet as I do, I will continue to sock away cash. 

As always: Keep your head up, your attitude positive, and keep moving forward!

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