TILT! Save-O-Meter Complete!
As of close of busines today, ING Direct will take out my automatic savings deposit and I will be done my Save-O-Meter!
That’s $4K saved in the bank, not to be touched until I get laid off or whatnot.
It’s mostly in short term CD’s earning at least 5%, because otherwise I will pillage it for some expenses I have this year or to pay down credit cards. Then it wouldn’t be much of a cash cushion for me if it’s all gone.
So what’s my next step? Why another little Meter! Today I give birth to the Debt-O-Meter. Right now, it’s sitting at about $8,000.00, which represents my credit cards. I think after the final wedding trip is over in October, I’ll have to adjust that figure upwards. My goal really is to pay this stuff down and pay my credit cards off monthly. I’ve never been good at living below my means on a monthly basis and I’m not 100% sure if I can do it. I usually rack up the cards and then pay them all down. I’d say that’s been my M.O. since getting a card in the first place. Though the huge difference now is that I have more means of paying stuff down now that I don’t have student loans or a car payment.
I’m still saving money in my 401K plan. In fact, I am putting nearly all of that measly raise I received into my 401K. I will pretend as if I never got it, which is easy to do in my case.
Single Ma wrote:
CONGRATULATIONS!! Achieving a goal feels so good. Are you clubbing this weekend to celebrate?
I should drive up to Arlington and go out with you. Knowing me, I probably can’t hang. After 1 drink, by 11pm, I’m sleepy. LOL
Posted on 24-Jul-06 at 8:41 pm | Permalink
mapgirl wrote:
Thanks lady! Yeah, one day we have to do a DC PFBlogger happy hour somewhere, but I keep driving around every weekend.
That’s ok. by 11pm I get sleepy too. Drink or no drink. It’s called getting OLD!
Posted on 25-Jul-06 at 12:25 am | Permalink
NewsGirly wrote:
Congratulations on your goal met! I think that’s fabulous. Cheers to the D.C.-area folk doing the right thing by their $$$.
Posted on 25-Jul-06 at 2:33 pm | Permalink
Mapgirl’s Fiscal Challenge / 2006 Budget Overview - The GOOD wrote:
[…] On the income side, because I made an effort to save, I made ~$100.00 in interest by doing nothing but saving! I like that! I don’t think 2007 will see a comparable number unless people want ING referrals from me. The ones I got from 2006 were categorized as interest income. (Email me at mapgirlsfiscalchallenge at Google’s mail service.) […]
Posted on 27-Dec-06 at 2:28 pm | Permalink