Monday 25 November 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 13.3% (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 14.4% of my savings target. 

That means I put away 1.1% of my total Savings Target this payday.

Now, that was a great accomplishment but it is also one that will not likely prevail into the new year, as this is a large chunk of cash to put into savings. 

I am still trying to put in as much as I can into savings as before the end of the year. 

It is now out of a desire to build up my savings to a minimum level that I feel comfortable with, rather than reaching a predetermined arbitrary number (that I won’t reach).

I am still pondering what to do with regards to my savings. 

As in, in what ways and in what savings and/or investment vehicles should I put my cash into in order to build my savings?

I will keep thinking on this and not make any decisions until the new year.

I am still focused on putting cash into the bank for now . . . as well as my Christmas Break.

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

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