Friday, 23 October 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 47.0% (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 47.8% of my savings target. 

That means I put away 0.8% of my total Savings Target this payday.

So things went okay, and my investments pretty much went sideways. One went up and the other went down. 

This payday, when you combine their values my investments only went down only a smidge. 

So, I’ll take that and keep reminding myself that this means that my investments are in a buying position. (Buy low, sell high, remember.)

The main thing is that I am 1) still employed and 2) still able to put cash into savings. 

Again I am trying to put cash into my savings (investments) as much as possible so that I can get to “insane” as fast as possible. 

Just for reference “insane” refers to the fact that it would be technically possible to start The Homestead but insane to do so now with that little cash.

One step at a time and one payday at a time.

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

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