My Emergency Fund has now officially met goal!!! It’s total is $1144.62. This makes me very very happy. Now I’m going to start working on my Freedom Account. So far it has a total of $75.97. It should be over $100 before the end of the week. I have some money to move around. More good news, is that my only credit card balance is now $1130.00. That’s not as low as I want it to be, but it’s good. I’m sure my tax refund will be enough to cover this amount in full, but I plan to have it decreased by then. I need to get it all paid off before March 2009 or else I’ll end up paying a bunch of extra interest. And now for my final bit of good news, well maybe it’s not really good news, but one less thing I have to spend money on… My gym membership contract is up. The gym staff called me to ask me to renew my contract, but I was working. I’ve been planning to let it run out & not renew it, but I wasn’t sure if my mom was going to let her’s run out as well. After talking to her last night, we’ve decided not to renew, at least not until the spring. So there’s another $89/month that I won’t have to spend! But that also means that I really need to start working out at home. I’ve been so lazy lately. Some of it has been due to all the craziness at work, but most of it is just plain laziness. We have a perfectly good treadmill in the basement that I can start walking/running on now that it’s getting cold. I just have to find the motivation to do it.
Posts tagged Freedom Account
Emergency Fund Update
Since I’ve had a few days worth of over-time, I’ve decided to go ahead and use the excess money, plus the money from my (soon to be over) part-time job, and finish funding my Emergency account. So as of Monday Nov. 3rd, my Emergency Fund will be over $1000!!!! Woohoo!! I’m very very excited. Now I can start working on building up my Car Maintenance account, which I’ve decided to change over to a Freedom Account thanks to Beachgirl’s Budget Blog. It makes much more since to make this into an account that covers all the occasional/in-frequent expenses in my life – like car insurance/registration/maintenance, clothing, vet bills/other pet-related expenses (other than food), etc. Some of these items will be fixed amounts, but some will be variable, so I’ll need to estimate. I plan to start putting my FA binder together this weekend and trying to make sure I remember to include all my random expenses. Wouldn’t want to miss any!
