Well its Friday again which is always nice. Not only is it the weekend, but its also payday! When I first started working at my current job (11 years ago) we actually got paid on Wednesdays which to me was really nice. Usually Mondays suck just because its Monday and the rest of the week is just spent looking forward to Friday. When we got paid on Wednesdays, Monday still sucked, but on Tuesday you could look forward to the next day being payday. Then Wednesday we would get paid, Thursday would be the day before Friday and then Friday was the start of the weekend. So anyway, now we just get paid on Fridays and pretty much the whole week sucks.
This is the week you've all been waiting for! I got my paycheck which was for a little less than usual because I had to leave work early for an appointment one day last week. Its only a few hours short and it had a correction for a bit of time I was shorted last week so in total my check was $569.89 This is the fourth paycheck of March and so far I have deposited 1 into my checking account for bills, 1 into my mortgage account and 1 has been set aside to pay the bills from my gallbladder surgery when they come in.
This weeks paycheck will be the first significant saving of 2013! I promised lots of monthly saving when you first started reading in January and hopefully you stuck with me because here comes the pay off! I already mentioned that my paycheck this week was for $569.89, usually I just take the monthly check that I want to save and split it 1/2 in my money market account and 1/2 in my savings for car repairs/a new car. Since I haven't saved much money so far this year I'm going to take $50 off the top and put it in the savings account for in case my cat gets sick. That leaves me with $519.89 to divide up and put $259.945 into my money market and my car savings account. Obviously I can't put 1/2 a cent into each account so one will get a penny more than the other this week.
I also made my weekly $20 vacation transfer to my vacation fund. If nothing else what you can see here is that just by transferring $20 a week from my checking account to a savings account I have saved $240 since January! If you were only able to do half of that you would still have $120 set aside for a vacation, a car repair or some kind of unforeseen emergency that pops up! Even at $5 a week you would have $60 that you could keep adding to or use for a night out to dinner. What I'm trying to show you is that you don't have to save much for it to add up, you just have to commit to saving and keep up with it!
Here is the week 12 wrap
up:
$36.10 to my 401K
$20.00 to my vacation
fund
$50.00 to my savings for Beetus' potential vet bills
$259.95 to my money market
$259.94 to my car savings account
which makes the 2013
totals:
$334.21 in my 401K
$240.00 in the vacation
fund
$20.05 in the piggy bank
$50.00 in the quarterly loan payment
account
$50.00 in my vet bill savings
$259.95 in my money market
$259.94 in my car account
*added bonus: Here is a reminder about how many accounts and different savings I have, exactly what they are called in my online banking & an explanation of each one...
Beetus Money - Checking
money set aside for my 20 pound, 12 year old cats potential vet bills
Car Money - Checking
money set saved for potential car repairs or a down payment on a new car
Checking OG
my original checking account that I use for all my debits and monthly bills
Married - Checking
wedding gift money my wife and I had left over after the whole thing was paid for
MM Savings - Checking
my main savings, money goes in and does not come out
Mortgage - Checking
used only to pay my mortgage each month. I usually try to keep an extra payment on hand
Online Spending - Savings
account linked to my paypal for online shopping
Loan Repay - Savings
money set aside to pay an interest free loan that I make quarterly payments on
Vacation Fund - Checking
this is the one I transfer $20 a week to for a future vacation
Plus I have...
The Piggy Bank full of deposit can/bottle money
A small bank of loose change that I should roll & deposit into the real bank
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