I really have never had any savings before. Sad, isn't it? A middle aged mom of two with no savings. There just never seemed to be enough money to live, let alone save. Go figure that making a reasonable budget and watching what I spent, could net me money for targetting savings. Crazy isn't it? LOL
Here were my goals for 2009
1) EF to $1500
Well part way through the spring I realized I couldn’t quite achieve all the things I wished to achieve if this was at $1500 so I changed it to $1000. This gave me a huge sense of relief. This winter I decided I was now in a position to make a regular $50 contribution each month to the EF. As of Dec 25th this is now at $1200.
2) Fully fund Xmas 2009 of $1000
I achieved this early on, just slamming money onto this target as fast as I could. I ended up using more than the $1000 but boy was it nice to have it there. I will cut costs again this coming year I hope. I am going again with $1000 for xmas 2010 and can put $85 towards this.
3) New Vehicle Downpayment
This wasn’t an original goal but was added part way through the year. I decided it was time to get ready for a new vehicle, so that when the time came, I HAD a down payment. I managed to tuck $2500 away and then used it in June when I bought my new Torrent. It was such a great feeling to be able to say ‘yes’ when they asked if I had a down payment.
4) RRSP of $1500
Well this one changed and morphed throughout the year. I ended up changing it to $1000 so I could meet my other goals and boy what a relief it was. I achieved this goal and for the first time, I will be able to buy an RRSP. I know it’s just a teeny one but it’s a start. Next year I’ll morph that up to $1500. A lovely FIRST for me.
5) Summer 2010 - $1000
This one also got added in during the fall. I decided I needed to have money there and ready to go so that the boys and I could enjoy summer activities knowing there was money put aside. I have to admit that I am envious of our friends who go on holidays then to exotic places, or who own a cabin and spend the summer there. While I can't give my kids those kinds of summers, now I can give them something.
That wraps up my saving for the year. I loved every minute of it. SO empowering. I just added it up. $7500 saved. Holy wow!!!!
Not Much Working Out Monday
3 hours ago
5 comments:
OMG! That is amazing!!!! keep up the fantastic job! Good luck with 2010 goals :)
You know, you really did GREAT!
Be proud!!!! :)
Oh no! The savings is great, really great, but why the new car & car loan?
All the best & happy new year!
the Dad
thanks guys! It feels great.
The Dad...why the new vehicle? it was starting to break down quite regularly....four alternator belts in four years...struts..brakes...battery....and some parts in the motor that I let my dad take care of. $3000 in the past four years. (It was only worth about $2000 tops for trade in or pvt sale) It had broken down on my a handful of times last winter alone and on the Sask highways in the winter...not fun. I honestly needed something with warrantee and more reliability, that still had room for hockey gear.
Impressive! It's always a good feeling to know that you can save money :-)
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