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Big Goal Update

July 25th, 2018 at 02:49 pm

Jenn asked how the Big Goal was going after I made a reference to adding more money to our Big Goal fund. So here's a quick update. I'm doing it fast, so I think it's accurate, but possibly missing something.

I found in our second checking account we have stashed away $1057 since the beginning of the year. There was big $515 travel reimbursement that helped make a difference in that account.

In our main checking account I show that our current Big Goal funds equal $2927.32. Now this amount would be larger if I hadn't moved $877 in June out of there to cover some medical expenses. I should make a point by the end of the year to add this back in.

I'm not sure if I've been consistent at adding interest we have earned on our CDs and money market accounts to the Big Goal, but I will report the amount of interest earned through June.

First National Bank of Omaha $125.33
Navy Federal Credit Union $454.83

And because I just looked at Navy Federal, I remembered that we have $131 from my husband's paycheck deposit there each month towards the goal. $131 x 6= $786

Total year to date towards the Big Goal is $5,350.48!

I'm actually surprised! I really only notice the total in the YNAB account and forget about the rest most of the time. Last year I reported our full contributions to this goal to be $6,836.39. So if we can keep up the good work we are already accomplishing, we should exceed last years savings.

The ultimate goal is $200,000. We started with $40K at the end of 2016. $46,836.39 end of 2017. And now mid year 2018 we are at $52,186.87. So I guess we are are at 26% of goal.

I'd love to add a ticker for this goal. But this site no longer supports them well. Eventually I can look into another way to graphically represent the progress.

We've been super busy this summer, so other than paying bills and credit card charges (before interest accrues), I haven't had much time to tweak the goals. Something to look forward to when things calm down.

Edited to add: The monthly average we are saving is $891.66. That just floors me!

6 Responses to “Big Goal Update”

  1. Beawealthywarrior Says:

    Great job!!

  2. My English Castle Says:

    You guys are doing great on your big goals!

  3. Jenn Says:

    Wow! That's inspirational. It's really adding up and you'll likely find more opportunities to contribute as time goes on.

  4. VS_ozgirl Says:

    That's great progress!!!

  5. creditcardfree Says:

    NJ Debbie, You are an inspiration! You seem to reach your goals very fast. Smile
    Jenn, yes, I think there are lots of potential opportunities to contribute more. I think once we move we can start saving at least another $300 a month because we won't have to pay utilities. That will make a big difference, as well as, when my husband gets promoted, which I think is still a year (maybe two) out.

    Thanks everyone for your support. Extra money from our paychecks and snowflakes have made a big difference.

  6. rob62521 Says:

    That is fabulous! You are saving quite a bit and have accomplished so much on your goals!

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