I’ll be on C.A.S.H. once more (with feeling!), until December 31, 2008. I’ve achieved 75% of my Freedom Fund goal (see sidebar!), so if I stay on track with $1,800 in savings a month, I’ll exceed my $23,500 goal. In fact, I’ll come pretty close to $25,000.
I was inspired by Single Ma, who has decided to renounce all shopping until the end of the year. This means no Black Friday sales, no Holiday sales, and no after-Christmas sales. I’ve decided to follow her example – I’ve gone for four months without shopping (Jan-April 2008), so I should be able to do it again.
So, my revised goal for year-end balance of Freedom Fund is $25,000. The best part is that I’m only counting on regular income savings, not bonuses. Any bonus, therefore, will be pure gravy. I may do an even split – 50% travel, 50% savings.
I’ve also made a budget for the last four months of the year (I have to admit – I’ve thrown budget / spending plan / whatever you want to call it by the wayside!). My goal is to keep my total expenditure at $1,900 a month.
The breakdown is as follows:
Rent/ utilities / DSL: 790
Car insurance / repair: $190
Prescription / co-pays: $85
Travel / vacation: $160
Education / classes: $50