Tuesday, 7 July 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 40.7% (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 40.7% of my savings target. 

That means I put away 0% of my total Savings Target this payday.

That is actually something of an accomplishment, believe it or not. You see, not only did I not put any cash into my savings, I actually took some cash out of it.

This payday is always my most dismal every year when it comes to savings, you see, it is the payday where I pay for my truck insurance all at once. 

I was also hit with a few other expenses, nothing drastic but a bunch of smaller expenses that added up. 

What also impacted things was the fact that my truck insurance went up despite the truck getting one year older and not having any claims. 

The insurance company didn’t blink when I told them that their increase in claims wasn’t my problem . . . they stared blankly at me and increased my premiums anyways.

How this affected the budget was that instead of putting $100.00 into my savings as I had planned, I had to draw out $300.00.

Yet with the dance of the dipsy doodle of my two various investment vehicles, while one dropped slightly, the other one went up enough to make up for the loss and the withdrawal from savings.

So, all in all, not losing ground this payday is a victory in and of itself. A win that I will gladly take.

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

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