Wow, can you believe it's the last day of January?? Today it was so warm here, it felt like spring! I really enjoyed playing outside with my boys, making a snowman and having snowball fights. It was awesome! I wish it would stay like this for the rest of winter...Wouldn't that be nice!
I thought today I would update on our savings goals for this year (you can see most of them on the side of this blog). January was not an easy month for us financially when it comes to our regular income. But I mentioned before that it wasn't a bad month for us overall. And that's because even though our paychecks were cut, Hubby still got a Christmas bonus and a last quarter bonus. And I received a 2-month paycheck for my part-time job and a couple of tiny checks for some secret shopping assignments. Combined, it was quite a substantial amount. Hubby's regular paycheck only covers day-to-day expenses, so all this extra income is the only way for us to set money aside for anything else. So after tithing we split all the extra income, and that's where we are after January:
1.Vacation fund- $502. Our original goal was $1200 for a 3-2 day trip to Las Vegas for two of us and a family trip to Bear Lake. But we actually hope to keep it lower. Our friends who live in the suburbs of Vegas offered to let us stay with them, and we think we will take them up on it. But we would love to take them out to thank them, and they have 3 kids, so it will not be cheap. Still cheaper than two nights in a hotel :)
2. Baby fund- $1450. This is almost a priority for us right now, and that is where the biggest chunk of money went. We just want to have this money ready for when we need it whenever this time will be. It's taking us a little longer to get pregnant this time around but we have a good feeling about it. It will happen when it should happen!
3.Christmas fund- $80. It's not much but it's only the end of January. I feel pretty comfortable that we'll have enough saved before the end of summer.
4. Car fund- $200. And we really need to boost it! We got a flat tire the other day on our car, and the rest of the tires are so old that we need new tires :( At the moment we are down to one car but it's OK. I hate driving in winter. But we will still need to figure it out very soon. I might have to put my salary for January to car fund to cover the difference.
We also set aside $200 to work on our half bath. I'm excited to start on this project in February. More pictures are coming, I promise!!
So here is where we are. I think, it was an awesome month for our savings goals. We shouldn't have much progress in the next two months because, first, Hubby only gets a bonus quarterly, and second, we don't know if we will end up owing taxes this year. But we are hopeful that we can break even.
Do you have any financial goals this year and did you make any progress on them in January?