DisneyMandC
DIS Veteran
- Joined
- Feb 18, 2015
I am too lazy to look up my old posts but we are doing great financially! Thanks Covid!
Our Ally savings is up to $27,500. If we get another stimulus check, it will go straight there.
I have my "buckets" set up and have met the goal for our DL APs (which we won't have to renew until like February or March at this point). They are set to expire 8/26 so I made it a goal to have this bucket full by Aug 1 with $3500. Done. Bought DHs AP at the end of May before they stopped selling them. Paid in full with cash.
The next bucket is our 0% balance transfer CC. The bucket is up to $5500. Needs to be at $7500 by January 1. On track. Throw $500/month in there. Will pay off in January. Like earning the interest in the meantime.
Third bucket is "military retirment " with a 3 year goal of $75k. Currently at $15000. Plan is to put $2000/month in here. Should be at $25k by December.
Fourth bucket is "vacations." Currently at $3000. I throw money in here after I've put the required amounts into the other two more important buckets. Primary goal is $10k, but will keep putting money in there once we reach that. Eyeing Aulani for Spring Break next year!
Last bucket is "core savings" currently around $400. This is where our interest goes and any extra random money. We already keep an extra $1000 in our checking for emergencies, so this is just money meant to replenish that when we have to use it.
In general, we have been able to save $3000/month since Jan. We also got the stimulus check and will likely get another one based on the news today. So, maybe another $3400 coming soon?
At this point, my goal is to keep on with the savings rate and beef up the vacation fund as much as we can so that when we can FINALLY travel we can do so fully funded in advance.
We have never had this much money in liquid savings before. It feels so great!
It's the same for us right now. I almost feel guilty saying that lol. We've been very fortunate to both be employed with no interruptions and be able to pad our savings during this time. We both get our third paychecks next Friday and will send most of that to savings as well. I did take advantage of the extra cash flow this month and made some big purchases/paid some big bills. 6 months of car insurance is paid, hay is bought for the horses for the next year, etc.