Sam wrote:2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000
(5) 2008 IRA - $10000
(1) $4000 (Progress - 50%.)
(2) $1164 (Progress - 7%.)
(3) $10878 ($18,878*) (Progress - 100%+)
Total: $16,047 (Progress - 32%)
* Our emergency fund already had $8000.
As you can see, some good progress has been made and we have met our goal for funding our emergency fund for this year.
I have also done a mid-month net worth update which you can find on my blog.
We have completed our emergency fund savings goal for this year. Goal was to save $10,000 to add to the $8,000 we had already saved. We now have $18,000 plus in our ING emergency fund which is equal to about 5 and 1/2 months of our bare bones expenses (mortgage, real estate tax and home insurance escrow savings, utilities, car insurance, gas, food). Although I have moved on to the next goal (nused car savings) I continue to sock away $500 a month in savings and @$300 a month in personal escrow savings (for annual car insurance, registration, ring insurance) which I lump into our emergency account.