The end of September is already here. Crazy stuff. Well in September I decided to join in on Carla's savings challenge. I'm glad I did because it gave me motivation to really put my nose to the grindstone and I met all of my goals. Here is a flashback to what they were:
- Save 50% of regular income. Right now this is $1240 monthly. So from this I would like to save $620 which I will do in 2 shots.
- Remember to also set aside $100 for ASP at the end of the month. My ASP is set to deposit into the "house fund".
- Save 50% of all bonus money that comes in. Just this morning I found a cheque from my previous employer that I forgot to deposit. Half of that will go into savings. I am also hoping to get my PBX cheque (if they ever send it to the correct address). Anything extra or bonus is subject to a savings cut.
SAVE $1000 DURING THE MONTH OF SEPTEMBER !!!
I did it!! And then some... here are the numbers...
Travel Fund - 50.76
Wedding Fund - 50.14
Furniture Fund - 130.37
House Fund - 150.17
EFund/TFSA - 2.68
Total Savings $384.12
Travel Fund - 380
Wedding Fund - 300
Furniture Fund - 250
House Fund - 700
EFund/TFSA - 2.68
Total Savings $1632.68
That's is a $1248.56 increase! I am totally stoked! I can't believe that I was able to make and surpass my goal and this is without the cheque from Pacific Blue Cross. I haven't cashed that yet and BF will be getting the bulk of that as I owe him 50% of our big purchase I forgot to blog about.
Thank you Carla for inspiring me to really challenge myself. It's not every month that I would be able to do this but its showed me that I need to be more diligent with my savings and really think about where my money is going.
BF has said that he wants us to save $40,000 before purchasing a house and I'm really keen on that so I want to get there as soon as possible. I'd also like to get married in the spring of 2014 and for that I am hoping to save $5-8,000 for. Those are some huge financial goals and I'm glad for this wake up call.