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Pay Day Savings

March 3rd, 2018 at 06:14 am

Payday occurred on Thursday. We have $131 automatically deposited into our Navy Federal Credit Union account from my husband's paycheck. We have been doing that amount for over a year now.

Because of my husband's raise and the new withholding tables, we are now able to save another $108 per pay period, or $216 a month. This is all in addition to our retirement, college and other short term savings.

After I filled in all the budget categories on YNAB, I still show $750 left to budget! For now I'm just leaving it that way. At the end of March I will put whatever EXTRA we have to our Big Goal savings.

I don't know what it is exactly, but it feel like there's a lot of extra money lately. I'm pretty sure I'm not missing anything. Overall I think it is just us not overspending, which of course, is a very good thing!

I usually report interest for each month in a separate post, but I think I will report it here. Total for February was $92.85.

Were you able to save something this month? We are further along on our journey of savings, so don't feel bad if all you can save is $5 this month. Save it!! There are always rainy days in our future.

5 Responses to “Pay Day Savings”

  1. scottish girl Says:

    Awesome. Is that every pay period?

  2. creditcardfree Says:

    $216 +$131=$347/mo. My husband is paid twice per month.

  3. FrugalTexan75 Says:

    We don't really have a category labeled "savings" but we put money to our EF, and a bunch of other Rainy Day type categories - probably 1/3 of our income.

  4. rob62521 Says:

    Terrific! Each month when we get our pension checks. I make out our savings as one of the first checks. We deposit it in a credit union. That way it isn't as easy to transfer it over to where we have checking and spend it.

  5. LivingAlmostLarge Says:

    Great job!

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