$595.78, baby!
Not bad, considering that we’ve gutted the thing twice in the last four months.
There was the car’s A/C compressor that drained the $680 we had in there. (Tim successfully argued that A/C is not optional in the Arizona summer. I still miss the money — but less so when it’s 105 outside the car and cool air is blowing inside it.)
Earlier this month, we paid for the full year of car insurance. About $700 of the $800 came from the savings account.
But after the last round of paychecks and allotment of funds, we had about $440 leftover. Which, as I may have mentioned, boosted our savings fund back up to $595.78!
Okay, it’s still a lot smaller than I’d like. But it’s there and growing. And I want the sucker to feel loved so it doesn’t run away.
It’ll get bigger once the money comes in from the last round of Magic card sell-off.
Three packages are winging their (insured) way to shops in other parts of the country. The cards have to be graded based on their condition, but we should get at least $400. Most of that will be routed directly to savings.
The great thing about an ING Direct savings account is that you can’t just access the money willy-nilly. (Well, you can with an ING checking account and debit card. But I keep forgetting the PIN, which I’m just fine with.)
If we had a savings account at Chase, it’d be too easy to just transfer money out of the account to pay for shortfalls in the budget. This way, we have to be more careful, and we’re a lot more likely to find another way to pay.
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{ 3 comments… read them below or add one }
Way to go! Our savings is bare bones right now…gah…but I keep socking every extra nickel in there. It will get back up there! It seems like there's always SOMETHING…a friend of mine has a saying, "If it's not one thing it's ten!". Ha! Sometimes it seems so true!
I love ING, the fact that it takes 2 days to transfer funds to my brick-and-mortar bank helps significantly. I also like that I can set goals and see how my funds are growing!
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Good to hear, Abby! Good luck with growing your savings.
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Budget every month for that yearly insurance bill! Then when it comes up you'll have it ready. We do that with a 'misc' fund every month too. $100 for whatever comes up, and if nothing comes up then it rolls to the next month. Inevitably sooner or later there is a car repair or a new appliance needed and then we don't have to take anything out of savings. Great job getting it started again.
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