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So far so good ... my savings plan.

January 5th, 2007 at 12:54 am

So far so good this year. I can't complain, yet.

Money has been decent. I've been spending to much, but this is something I plan on tackling this coming week. I am jumping into the $20 challenge. And it's going to go to ME!

One of the things for the challenge is I am going to set myself $20 a week to spend on "junk". This means if I want to pick up breakfast on the way to work, or spend .60 for a soda. Whatever is left over at the end of the week from this $20 will go into my challenge money. This will curb me from the soda or a breakfast sammich.

I'm also going to take half of whatever change is saved during the month and put this into my challenge money. One thing I've been doing is after serving over the weekend, I take whatever dollars are left over and put into my change jar. For instance this past weekend I made $209 serving. I seperated the $200 to spend on bills, and the nine went into the savings account.

For regualr savings, which I am working on having become my emergency fund, I have been putting aside $90 and some change into my savings account. I'm hoping to be able to put about $25-50 into this account each serving weekend, plus my weekly paychecks from Cracker Barrel. These checks are usually between $11-26 a week, so it's not exactly a huge amount of money but it will all add up eventually.

Also, since I am really tired of being this size, for each 1lb I loose I am going to put aside $1. This money will go into my challenge money, and my goal is for the end of the year to be able to blow a good portion on pretty new SMALL clothes for me.

Also, since I have filed for child support against my daughters WONDERFUL *eye roll here* father here .... whatever money he sends is going to go into a savings account for her. I am hoping to be able to start a 529 plan for her, depending on what he's ordered to pay. I don't know what I am going to be able to sign up for, I don't know how these plans work in other states but here I will be able to set aside anything from 2 years at a community all the way up to 4 years plus living expenses. I guess it depends on what he sends over. I would like to be able to set it up this year, but I have to sign up for it by the 31st of this month and I know everything won't be set up by then. I think I am going to put the 529 plan on my NEXT YEAR list. Yes, I've started a list of goals for next year *see side bar*. I think it's kinda funny to be saving up for college for my daughter and hoping to go back at the same time for myself, but I should qualify for a couple of grants so it's all good.

I think this is long enough for now.

1 Responses to “So far so good ... my savings plan.”

  1. Carolina Bound Says:
    1167959484

    Sounds like you're on a roll!

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