Friday 7 February 2020

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 17.1% (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 18.1% of my savings target. 

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

That looks like an impressive number but I am pretty sure is due to rounding up. You see, I only use a single digit decimal place.

So, while I did put a vast majority of my paycheque towards my savings, it was not a full percentage point. 

I’ll take the win though, and take the crossing off of a square. 

Building savings is a slow process, and one that is done one paycheque at a time, over a long period of time. 

You have to have dedication and a way to keep you motivated to stick with it. (Such as a chart to remind you of how far you are towards your savings goal.

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

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