I'm so happy!
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! ). 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.
Just put $750 in savings!
I'm so happy!