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Savings Game Plan

September 15th, 2015 at 05:31 pm

I am very much a visual person and I thrive when I have things written down. I also get a kick out of crossing out things on lists that I have planned and accomplished. Today I wrote down the plans I have to save money for the rest of 2015, including Emergency Fund, Slush Fund, Roth IRA and College Tuition Fund. I do not want to get complacent with all the money we've spent in home renovations and continue to spend money like there is no tomorrow.

6 Responses to “Savings Game Plan”

  1. snafu Says:

    Would it help to set Goal figures to strive towards for your various categories? What sum is currently in your Emergency Fund? If you do not have the very minimum $ 1,000. what can be done/sold/earned extra to get their quickly? What do you feel is ideal in 12 months? What sum would you need to contribute each pay to fulfil that goal? What contribution sum is open on your ROTH IRA? I believe 2015 contributions can extend into 2016. How much would you feel comfortable contributing each pay? What's holding you back?

    What items do you cover with your 'Slush' fund? What items do you expect to tip your planned spending? Last January, what did you plan to contribute each month to DS's tuition fund? What priority do you elect to give it? Can you slice the grocery budget with a menu plan? Meals from pantry and freezer? Simplify September and cut 5% from variable spending categories for the rest of the year? Is 1% do able?

    ...just some unedited, random thoughts

  2. Rachael777 Says:

    I suggest you share your goals here so we can help you be accountable. great job

  3. Ima saver Says:

    I too, like to makes lists of my goals!

  4. NJDebbie Says:

    I would bore you to death with my goals but in a nut shell, my goals are fund my retirement account, pay for my son's college education and beef up the EF. House is paid for, cars are paid for and basically no consumer debt for us.

  5. FrugalTexan75 Says:

    I've seen this idea - make a design of something (maybe a palm tree by the sea representing retirement, or a graduation cap with the graduation year for your son) using swirlies. Have each swirlie represent a number - such as you make the design with 100 swirlies and your goal is 100k saved towards retirement. Each swirlie would represent 1K saved. Make the design on some kind of permanent fabric and use colored markers to color them in. Then when you make your goal, you have a piece of artwork to display as well as the goal completed.

  6. VS_ozgirl Says:

    Mrs Frugalista I was doing the exact same thing yesterday! I got to thinking we're now 3/4 through the year, time to monitor goals and work out if anything needs to be done to meet them. Hoping progress is good!

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