Oh and just because that is my goal doesn't mean I'm going to get there.
But I am going to point all the resources I have towards that goal and if I get close I'm still ahead of the game.
The way I'm doing the 3K is I'm starting with 3K in an account. I'm putting $125 into that account every week.
Every six months I'll skim 3K off to go toward the principle and that'll leave $250 more in the account.
($3250 accrues every 26 weeks in that account.)
That is also my emergency fund.
Speaking of emergency funds I did a very very stupid thing last Saturday and in a fraction of a second I destroyed my computer. A computer that my ex had left me when he moved out that was a screaming fast machine. Ran flawlessly for 3 years 6 months until I did my "VERYSTUPIDTHING."
Sunday I got very lucky though. I found a sale at Best Buy. $513 out the door for a compaq presario, with 1024mb memory, writeable DVD/CD color printer and monitor. This is the first computer I have bought since I got a mac back in 1991 for $300 used. Came with Vista. Discovered my quicken backup hadn't run since 4/20 but other than that I was up and running again within minutes of getting it home, (yay cable modem.)
All that to say, thanks to YNAB I simply pulled out my debit card and bought it cash. Didn't blink, didn't worry about whether I had the money, or if I could transfer funds on a sunday. I just did what I needed to do, after I admit a long night of debating if I needed to replace it. Since I'm taking an online class though I decided it wasn't an option to go without.
Yesterday I got around to taking a check from the emergency fund/credit union and putting that money back into my checking account.
This was a good example of my emergency fund working though.
Blah blah blah.
Well this made up for not posting in a week.