Tuesday 8 September 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 45.4% (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 46.0% of my savings target. 

That means I put away 0.6% of my total Savings Target this payday.

So, that may not look all that impressive, especially when you think that most of that is the rise in the value of my investments.

It was the old song, one type of investment went down, but the other type of investment went up, enough to compensate for the loss and then some.

I was able to get back to a “natural” or “neutral” state, meaning, I am fully funded in my Main and Mid-Term Accounts.

As well I was able to put something into my TFSA, again for the first time since June 7th payday. Which, in my budgeting world seems like forever!

Worse still was the fact that my Mid-Term Account has not been fully-funded (achieved last payday) since March.

So, while there was a bill, and those trips to the campgrounds were not great for the savings, it was worth it, as the warm season is winding down.

I am still on-track to make it to 50% before the end of the year, which will mean that I could (if forced to) run out and start my homestead/town.

Again, this would be in the “insane” range of staring the town, but technically possible but it would mean buying the land, some seeds, and some hand tools . . . that’s about it.

So, I could do it, but I would have to have no other choice. It would still be nice to be able to go out and start something.

So, every penny that I can put into savings from here on out is important, as it is moving me one step away from “insane” to “doable!” to finally “let’s do this!”

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

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