October’s Monthly Financial Check-up
I updated you all on our current financial goals a few weeks ago and promised that I’d be bringing the monthly financial check-up back the first week in October. So here’s our progress update:
1. Significantly increase our giving to needs in our community and around the world. This is an ongoing goal, so we’re keeping it uncrossed off from the list.
2. Pay cash for a replacement washer and dryer for our very used set.
3. Pay cash for a replacement for Old Blue Van. The money is now saved, we’re just on the hunt for a good, reliable vehicle with low mileage. So far, we’ve not found one that’s what we’re looking for and in our budget.
4. Pay cash for a couch for our basement family room (Which currently is devoid of furniture while we save for it!)
5. Pay cash for bunk beds for the girls.
6. Fully fund our IRAs.
7. Bump up our retirement savings to 10% of our income.
8. Fund our children’s educational savings.
9. Double our Emergency Fund Savings (Instead of having around six month’s worth of expenses set aside, we’re planning to set aside a year’s worth of expenses.)
10. Save for our next BHAG.
As I mentioned in September, our very used washer quit working and was unable to be fixed. So we bumped up the priority of getting a replacement washer and dryer to the top of the list.
After all the comments on how the majority of you didn’t like front-loading washing machines, we decided to buy a non-front-loading washer and dryer set which was very simple, large, efficient and economical. We opted to purchase new, instead of used, as we’re hoping this will mean a longer life. My husband went to three stores to check out prices and see what kind of deal he could negotiate. By doing this, he was able to find a store which was willing to give us an additional $100 off plus free delivery because we were paying in cash upfront.
We’d love to hear about your recent financial goals and successes! You can post about it on your blog and leave your link below. Or, if you don’t have a blog or would rather share anonymously, feel free to leave your update in a comment. Let’s all keep each other accountable to be better stewards of our resources!
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