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 46.0% (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% of my total Savings Target this payday.

Now, before you start judging me and shaking your finger at me, let me explain.

I did put cash away into savings. Granted it was lessened by the fact that I booked my Christmas Break during this payperiod (and so had to pay the Credit Card Bill today).

The problem was that both of my investments dropped at the same time. In fact, as a twist of irony, my investments dropped by the amount equal to what I put into savings.

So, things came out to appear that I did nothing, but in fact I did. With more put into my TFSA, this means that the swings in its value will increase as well.

All I can do is to choose to look at this as a buying opportunity and keep putting cash into my savings each payday.

It will be okay, things will get better and my steady progress now will pay off eventually . . . at least that is the plan.

As I have said before: I have a plan, I am working the plan, and the plan is working.

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