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 30.8% (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 34.7% of my savings target.
That means I put away 3.9% of my total Savings Target this payday.
Okay, so as I said previously, my savings are now investments and not a straight forward bank account.
That means, as I said in my previous “Grand Savings Plan” update that they are unpredictable and will fluctuate wildly.
So, while I gained almost 4% of my savings target, I could also loose that much or more next payday.
Sure, I am still putting away what I can, each and every payday, but since I am investing in investments, the value of those investments will fluctuate.
That is the nature of investing, it is gambling, but educated gambling, but gambling nonetheless.
So, the best thing that I can do is to spread my money around into a variety of investments at the same time.
Once again, I am not a financial planner or financial adviser, just a regular guy taking my best shot at this. (Oh, look, I’m up this time).
As always: Keep your head up, your attitude positive, and keep moving forward!