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Starting the $20 challenge *Better late than never*

April 14th, 2009 at 01:00 pm

Rolled my change a few days ago and am depositing $47.00 into the challenge. started out with more but had to fill some plastic eggs for the hunt with some change. Also adding $2 for no heat or air cond.

On a different note, we will be adding more than usual to the escrow acct this month due to not adding any these past few months. I've been very leary of letting the checking acct. get too low. I always like to have a buffer should anything come up. I actually have panic attacks if it gets too low. Sad, but true. (Does anyone else expierece this kind of thing?)

Instead of contributing to the Roth, my DH and I decided we will just keep adding to the emergency fund. I will update my sidebar accordingly.

1 Responses to “Starting the $20 challenge *Better late than never*”

  1. Aleta Says:

    It's never too late to save. I started my $20 Savings challenge in late November of one year. I decided that I had enough to start it and it was like being ahead of the coming year instead of being behind.

    I don't know if you have met your emergency funds goal that is listed in your side bar. It depends upon how much you actually need and for the amount of months that you think that you go could without income coming in.

    While we were saving for emergency funds and other accounts that we needed to get in place, we also saved for one month of expenses for our regular checking account where we use for the majority of checks and debits. Saving for that one month took my anxiety level down alot because I already had the expenses for the next month there. At the time my husbands pay was irregular and it helped us a lot. I generally deposit our checks into the bank money market where we have our checking account and I just transfer into the checking what I need at the beginning of the month. I also have a small buffer there for unexpected bills.

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