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Just put $750 in savings!

June 16th, 2006 at 02:21 pm

I'm so happy! Smile

Today was payday for both Tim and me, so I was logged into my banks website to take a look a the numbers. Last night at home I tracked our bill payments for this month and realized we only have three more bills to pay for June. I subtracted that amount from what we have this week and what we'll get in pay the next two weeks and realized that we are waaaay ahead for the month. So I was able to transfer $750 from our bill paying checking account to our savings account! I should be able to put even more in savings in the next few weeks once the we get our remaining paychecks for the month.

This is just fantastic! As I meantioned in my entry yesterday, June is an "extra paycheck" month for us due to June having 5 Fridays. In the past we spent that "extra" money before we even earned it. This time, we are going to save the bulk of it (we are having just a little fun with it, no harm in that! Wink ). What a change from just last fall when I really started getting serious about getting our finances in order!

So this new deposit brings our baby emergency fund up to about $3400. I know Dave Ramsey say's it should only be $1000 while you are paying down debt, but we have two cars and an old house, I feel better with more money in the bank because we could have multiple problems at the same time, any one of which can be more than $1000. I figure when we get to the point where we are only a few months away from paying off our credit cards, I can also take from savings and up our CC payments at that point, to pay them off a month or two ahead of our schedule.

6 Responses to “Just put $750 in savings!”

  1. miclason Says:
    1150468416

    Congratulations!!!

  2. scottish girl Says:
    1150468636

    That's great!

  3. ima saver Says:
    1150469063

    You are doing great!!

  4. veronak Says:
    1150471081

    I am happy for your guys, congrats!!!!!!!

  5. Homebody Says:
    1150473683

    Great job, it's amazing what you can do when you set your mind to it.

    Thanks for reminding me about the extra payday this month!

  6. shadon Says:
    1150506763

    D'oh! When I read "baby emergency fund" I thought an EF for when you have a baby lol. Well done on the saving! It's a great feeling, isn't it?! Smile

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