Monday 7 October 2019

The Homestead Fund Update

Okay, so it is that time again, when I update how my progress is going on my “Grand Savings Plan!” (to build my "Homestead Fund")

Okay, so let’s see how I did . . .

For review, here is how things looked from last payday . . .

That is 12.1% (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 12.8% of my savings target.

That means I put away 0.7% of my total Savings Target this payday.

Okay, so this is one of those paydays where I don’t get to cross of a square, because I am still in the same percentage square (12%).

The biggest news is that I have fully funded my Mid-Term Account and put some cash into my TFSA (Part of my Long-Term Savings).

I am also staying debt free and am committed to doing maintaining that as I build up my savings.

I am happy and a bit relieved that my Mid-Term Account is fully funded again, and that I am onto building up my Long-Term Savings again.

Yet as I do this I am wrestling with the notion of if I should spend $120.00 per payday on books or just do it on the payday of the 7th.

I have about %1500.00 on my wish list on an online book retailer that I would like to buy, so it will take time just to acquire those books.

I will chip away at it, again, over time.

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

No comments:

Post a Comment