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Home > Finally some big EF progress! + decided what to do w/Xmas bonus

Finally some big EF progress! + decided what to do w/Xmas bonus

December 15th, 2011 at 08:33 pm

NT finally got the estimate on redecorating his UK flat! It's going to be about 770 pounds. So that means I was able to calculate how much money we need in UK checking to cover mortgage payments and redecorating, and transfer the surplus money that's been sitting there into savings! Which means I can count it toward our emergency fund.

All told I was able to put the equivalent of $2950.08 to the EF. Also, I need to record two regular US savings deposits of $25 each and $0.51 in interest. That means we put $3000.59 toward the EF this month! That takes our 2011 EF progress to $5960.62 and our total EF to $14,472.57. We'll have one more $25 deposit this year, so we'll be a bit over $1000 short of reaching our goal. Still, we doubled the amount that we'd saved up until this month, so it's a really nice ending burst of progress!

Oh, and our final Roth IRA deposits left our checking account today, so that means we hit our goal of saving $3600 to Roths!

NT and I decided what to do with his $3500 bonus. Well, the $2581.39 we netted after taxes. We'll put $500 into our daughter AA's mutual fund, set aside $200 to help start a CD or mutual fund for our next child when it's born, give ourselves (and AS) each $100 to use however we like, and send the rest ($1581.39) to one of NT's student loans. I added that amount to the extra debt payment I was already going to set up, so it should go out tomorrow! Since this is the crazy student loan where payments aren't showing up even though they receive them, I'll count it as soon as it leaves our checking account.

2 Responses to “Finally some big EF progress! + decided what to do w/Xmas bonus”

  1. LuckyRobin Says:
    1324003562

    Excellent progress.

  2. frugaltexan75 Says:
    1324012968

    Very nice!

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