Friday, 7 August 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 42.7% (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 45.5% of my savings target. 

That means I put away 2.8% of my total Savings Target this payday.

That is another massive jump and truth be told I had nothing to do with it. It was the increase in value of one of my investments while the other one pretty much went sideways (stayed stagnant in value).

This payday I decided to pay off the large bulk buy of books that I made. As, well that is what I do, I pay off my credit card balances in full each payday

It is important that I stick to my Fiscal Directives and not get carried away with buying things and carrying a balance (not that that will happen, but you get the idea).

I will still continue my savings, but I will pay off the investment in the Archives that I chose to make this payday. 

So, as a result of all that, I put a whopping $200.00 into my Mid-Term Account. Now, I should (and will goshdarnit) fully fund my Mid-Term Account by next payday.

Things will return to savings, but I felt it was important to add to my Archives at this point in time. 

I do plan to add to/start a seed vault, again, like the books, to be used “just in case.” Well, they will be used when the town/homestead is started. 

I plan on starting that town/homestead in a few years, yet I may be forced to start it earlier, by forces outside of my control.

In turbulent and uncertain times such as the times we are living in, all we can do is live our lives the best way we can today as we prepare for what may come.

Achieving that balance between preparedness and paranoia is important for I wish, and choose, to live my life today and enjoy it, yet prepare for the dark times that may (yet hopefully not) may come.

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

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