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2018 Progress on Our Big Goal

January 2nd, 2019 at 06:48 pm

We have a Big Goal to save $200,000 to buy our next home, or at least a major portion of our next home in about five years time. This post is an accounting of what contributions we made in 2018 and where we are in our goal progress.

We saved all interest towards the Big Goal, $131/month direct deposited from my husband's paycheck, $216 each month that accounted for his 2018 raise, all snowflakes, gift money, military reimbursements for travel including a big one for our move.

I flag contributions in our accounts on YNAB, so I can go in and check mark them and have YNAB total them up for me.

Checking Account One $2,993.99
Checking Account Two $8,985.08
Navy Federal CU $2,154.52
First National Bank $632.16

Those numbers total $14,765.75!

2017 Big Goal Balance $46,836.39
2018 Big Goal Additions $14,765.75
New Big Goal Balance $61,602.14

That means we are now at 30.8% of our 200,000 goal!

In doing this I realized I need to move money from our checking accounts into higher interest earning accounts. I have too much money not earning interest. In fairness, a large amount of that money came fairly recently.

The progress is a bit slower than I would prefer. This year was fantastic, but $6,900 was a travel payment from our move. That makes a big difference! And we won't be moving every year. But we did do better than in 2017. We will keep moving forward. Anything saved will be helpful in the end.

10 Responses to “2018 Progress on Our Big Goal”

  1. Beawealthywarrior Says:

    Great job!

  2. crazyliblady Says:

    That's fabulous. I have always found you to be very inspirational.

  3. Homebody Says:

    Wow that's so great! I'm impressed. My husband always helped my daughter and son-in-law move posts. They tell a hilarious story of driving a uhaul from Jacksonville, NC to Beaufort, SC..... and after he was medically retired, moving from San Diego up here to Humboldt......the Uhaul broke down at the bottom of the grapevine......hahaha...good times.

  4. Lucky Robin Says:

    Trying not to be jealous of your down payment, but I know you worked hard for it.

  5. mumof2 Says:

    yeah I am jealous of the deposit...but congrats on the great progress working this hard and you will be there in no time

  6. CB in the City Says:

    Awesome!!

  7. Jenn Says:

    I knew it would be good, but that's fantastic! Your discipline is paying off for sure. Just like MM with the CC rewards and CB with the found change, it illustrates that those small consistent amounts add up.

  8. James Says:

    Actually, it would be frankly pretty great to actually save up $200,000.

  9. livingalmostlarge Says:

    Congratulations! Good work. You appear to be on pace to have more then $200k in place.

  10. frugaltexan75 Says:

    Cool beans! Or should I say coins? Smile

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