Savings Update = $1,600

Instead of holding onto the monthly amount for our health insurance in our checking account (it’s paid every two months and next due in April), I decided to stick it in our savings account and let it collect a little bit of interest and maybe it can end up staying there since I will do my best to pay our next health insurance payment without it. That amounted to $350. I added $153 dollars more to make our savings balance an even $1,600.

Only $900 more to go to reach our goal! I think we *might* be able to do it by the end of the month since my husband received a raise at his temporary job. That’s extra money I am not counting on with trying to predict our cash flow. I also do not count any blog income, and I should be receiving a few hundred dollars near the end of the month.

I really want to hit our savings goal so I can continue aggressively paying down our debt. I miss seeing the credit card debt numbers go down. I want to hit the $20,000 magic number

Posted by Tricia on March 12, 2007 at 11:52 AM in Saving Money | 6 Comments »
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Sheri responded:
Posted: March 12th, 2007 at 1:42 pm
Congrats! I noticed, too.
Steven responded:
Posted: March 12th, 2007 at 7:51 pm
Congratulations! I also know how difficult it is to both save and pay off debt. Good luck!
CC responded:
Posted: March 13th, 2007 at 10:31 am
Congrats on the milestone! I agree with Steven, and I also know how frustrating saving and simultaneous debt payoff can be. I’ve had to force myself to do one or the other, but I commend you for making it work! Keep plugging away!
Cherie responded:
Posted: March 13th, 2007 at 11:17 am
Congratulations! Hang in there!
Chris responded:
Posted: March 13th, 2007 at 12:17 pm
Out of curiosity, where is your savings account? Is it in with low-interest commercial bank or a high-interest online account (such as ING and others). ING is currently offering savings accounts with no minimums at 4.5%.
This is a Little Embarassing… : Blogging Away Debt responded:
Posted: March 15th, 2007 at 6:35 am
[...] Now for the embarassing part. If you look to the right you will see that my savings total is down to $1,147. Just a few days ago, I was excited to let everyone know that we had reached $1,600 in savings. [...]