I’ve made it to $3500 in CDs now, thanks to a work bonus and bit of my own savings. If I’m going to make my goal, I somehow need to average saving $500/month for the next 5 months. This will be challenging. I may need to sell some things, too.
Gary's Life List
-
1. lose weight
1 entry . 1 cheer41,726 people -
2. Have a savings total of $6000 by Sept 1, 2011.
2 entries1 person -
3. exercise regularly
10,896 people -
4. Find my spiritual community
1 person -
5. Develop a schedule to regularly review progress toward goals
1 person -
6. Practice Photography
48 people -
7. update my resume
1 cheer234 people -
8. Develop a savings plan
1 entry1 person -
9. Evaluate how my family's money is spent
1 person -
10. Give regularly to charity.
2 people -
11. Practice Open Meditation
1 person -
12. Camp Solo
1 person -
13. go to the beach
553 people -
14. Improve my marriage
114 people -
15. Develop conflict-management skills
1 person -
16. Give up dairy
26 people -
17. Create a budget
609 people
How I did it: Like several goals on my list that had a common cause, this one came back to being empirical beyond what was possible. In other words, I stood at the crossroads of "Should I Stay Or Should I Go" for so long that the relationship got stale because I was waiting for a lightening bolt from above to tell me it was right or wrong. In most cases you already know whether it's right or wrong. What you need is the self confidence to realize that, … Read how I did it…
How I did it: I did it by being willing to do things outside of my "comfort zone." Without taking chances of some sort, you're very unlikely to develop good friendships. There are risks. But the rewards are worth it. An example: A person who I now consider a good friend used to invite me almost monthly to go to a drumming circle. I felt uncomfortable about it so I kept making excuses. I finally agreed to go figuring "what's the worst that could happen?… Read how I did it…
I currently have $2500 in CDs. I plan to save $300/mo toward this goal, which would put me at about $6,100 this time next year.
See you in a year.
I’ve spent a lot of time wanting a big savings/investment account. The year-to-year reality is that I’m not even making forward progress on this goal. I did manage to get myself debt free for a tantalizing moment this summer, and I’m now fighting to keep debt at zero. This, for the first time in a long time, gives me real hope that I can put some money away.
Goal 1 of this macro goal to “establish a savings plan” is to save the equivalent of 6 months net pay—about $20000. I currently have $2500 stashed.
My plan for this year is to increase the emergency fund to $6000 by Sept 1, 2011. To accomplish this I will be saving, on average, $300-$350/month for the next 12 months. This is realistic, and I have an auto-deposit savings plan in place.
See you in a year!
The continuing goal in this series once I reach the first goal amount, will likely be to add $3600 to this account each year until I reach a fully funded 6 month emergency account. This will probably take a total of 5 years starting now. In the meantime, if I get unexpected cash, most of it will go toward this account, shortening the goal and allowing me to move on to other savings goals (home purchase money, college-fund, etc).
I hope I mean this.
