Not hopeful on many things lately, including where our country is heading if either Trump or Clinton are elected(combined with the current collection of chuckle heads in the Congress), but that's NOT what this post is about.
It's about my Savings Challenge Goal for 2016.
I doubt that I will actually hit my targeted amount of $38K.
I am at $28,797.32 saved with three more months to go. That means I need to stash away $9,202.68 before we ring in 2017 to hit my goal.
That comes out to $3,067.56 each month of the next three months.
We've got 6 paychecks to receive here until the year ends.
Besides the regular bills, we have 2 irregular bills coming due out of those paychecks as well-- a quarterly garbage bill for $84 due this month and a semi-annual $950.33 car insurance bill due in November. Plus there is the financial mayhem of the Holidays.....well not really mayhem for us as I save and buy for Christmas during the year and don't put it on credit so there is no January financial hangover.
But still, holiday spending puts a dent into what we have left to save. ;-)
I just don't see, with our increased spending in electricity, water, food and in medical co-pays since June, how we are going to save $9K+ out of those 6 paychecks.
Plus there is the issue of keeping part of December's savings liquid in our account to use in January when the high deductibles of our medical plan kick in for the new year before we see any reductions in what we are required to pay for prescriptions, DMEs, tests and office visits.
Oh goody......
It's just doubtful if I am going to make my goal.
Yes, it's still AWESOME that I have saved $28K so far and anything more I can stash away into savings will be great.
But I so had wanted to make that $38K goal, especially since this will be the first year since I started doing these Savings Challenges that I won't reach the year's mark. sigh.
But it's all good. A few thousand saved more or less won't change the big financial picture and I am grateful for what I've been able to put away.
After all, every little bit helps! 8-)
Sluggy
It's about my Savings Challenge Goal for 2016.
I doubt that I will actually hit my targeted amount of $38K.
I am at $28,797.32 saved with three more months to go. That means I need to stash away $9,202.68 before we ring in 2017 to hit my goal.
That comes out to $3,067.56 each month of the next three months.
We've got 6 paychecks to receive here until the year ends.
Besides the regular bills, we have 2 irregular bills coming due out of those paychecks as well-- a quarterly garbage bill for $84 due this month and a semi-annual $950.33 car insurance bill due in November. Plus there is the financial mayhem of the Holidays.....well not really mayhem for us as I save and buy for Christmas during the year and don't put it on credit so there is no January financial hangover.
But still, holiday spending puts a dent into what we have left to save. ;-)
I just don't see, with our increased spending in electricity, water, food and in medical co-pays since June, how we are going to save $9K+ out of those 6 paychecks.
Plus there is the issue of keeping part of December's savings liquid in our account to use in January when the high deductibles of our medical plan kick in for the new year before we see any reductions in what we are required to pay for prescriptions, DMEs, tests and office visits.
Oh goody......
It's just doubtful if I am going to make my goal.
Yes, it's still AWESOME that I have saved $28K so far and anything more I can stash away into savings will be great.
But I so had wanted to make that $38K goal, especially since this will be the first year since I started doing these Savings Challenges that I won't reach the year's mark. sigh.
But it's all good. A few thousand saved more or less won't change the big financial picture and I am grateful for what I've been able to put away.
After all, every little bit helps! 8-)
Sluggy
