by Matt Fildes
Hey everybody! I hope you’re having a great start to the week!
Today marks the first of my “Weekly EF Savings Updates”, which I will be providing on a weekly basis until I reach my ultimate savings goal. After doing some thinking, I’ve decided that having $5000.00 would leave me with enough of an emergency threshold to continue my student loan debt payoff. If all goes well, I could have this saved up by the end of February. I want to tackle this savings goal with the same determination, discipline and enthusiasm in which I’ve been tackling my student loans. Eventually, I may be even use some of this savings to knock out that last few thousand dollars of my student loans, assuming, of course, that I’m quite comfortable doing so in my professional and personal life.
Below, I will add a spreadsheet my original EF balance, my current balance, savings add since the last update and the remaining portion left to reach my goal. If there is anymore information you would like to see, let know and I will add it.
Holidays. For the last 2 Thanksgivings, I have spent the holidays at home spending the day with GF’s family. It meant sense to do it this way, since I’ve always worked the day before and the day after. This year, even though my work schedule remains the same, we decided we would do some traveling and go see my family. We’re only going to spend the one night and will be having dinner at my parents. We’ll be bring some homemade dessert as a thank you. We will the spend Thursday night with GF’s family here at our house. We have never gone out on Black Friday for any shopping and don’t plan on doing any this year- that day just seems like a nightmare.
I hope all the readers out there have an amazing Thanksgiving, and for those traveling, please be safe!
Here are my savings totals to date:
| November 17th Balance | Current Balance | Added Since Last Update | Needed to Reach Goal |
|---|---|---|---|
| $997.53 | $1,400.00 | $402.47 | $3,600.00 |
Happy Thanksgiving to the two of you and your families, Matt!
Thanks, Sandra! You too!
Keep up the good work – you’ll knock this EF out in no time!!!! Happy holidays!!!
Happy thanksgiving to you two and your families! I’m so glad you decided to increase your emergency fund. You never know what life can throw your way (long medical issues, job loss, etc), and financial strain during an emergency will break you. Just out of curiosity what kind of account are you maintaining your emergency fund? Interest?