Mar 31 2008

End-of-March update and goals for April

April showersAt the beginning of March, my husband and I laid out a few goals for the month. Here’s a recap, and how it went for us:

Use credit cards for gas only. We ended up not using our credit cards at all, and put gas on our debit cards instead, since there was no “hold” on our cards. This is the first time we haven’t used our credit cards um…probably since we first got them a few years ago. I do think we spent less than normally, and I don’t plan to use our credit cards again for the foreseeable future.

Determine how much money we will truly need in our emergency fund. We originally thought it would be about $10,800 for six months worth of expenses, and for now, that’s still going to be the goal number. Of course, we’ll have to revisit that number from time to time, as our rent,car things, and insurance expenses change.

Using our ING account more. We haven’t made the switch to using it as our primary bank, and I’m not sure if we’re going to do that now. Our emergency fund is there, but we’re still using our brick and mortar bank to pay most bills and for our checking account. (By the way, if you’re interested in opening an ING account, please let me know! When your first deposit is $250, you get $25 and I get $10).

We were saving for a new laptop, but now we won’t need to. Shane fixed it quite cheaply, hooray!

I’m pleased with our progress for March. We put $861into our emergency fund. Also, we had accumulated $342 in snowflakes in March.

Goals for April

  • Find new sources of snowflakes, and try to accumulate at least $250 in extra money to put toward savings
  • Put at least $1,000 into emergency savings this month
  • Don’t use credit cards at all

That’s all I can think of for now. Three cheers for the almost-arrival of April!

(Photo credit: John Doyle, who submitted this photo to the BBC)



4 Responses to “End-of-March update and goals for April”

  1. I am curious. In all my reading of your blog, I have never read of you being in debt. Are you debt free? If not, I am curious why you would put so much into savings. I am also curious if you put anything towards you or hubby’s RothIRA. I know Dave says to accumulate ER fund before investing, but I also know on one of the blogs you read, he mentioned how they build up ER fund AND invest at the same time (which is what we are doing as soon as we pay off the rest of this debt).

    Congrats on meeting your goals and blessings for nest month. And thank you again for your blog. I always appreciate it. I just wish I knew then what you know now.

  2. Great question! I think my response will be rather long, so I’m going to answer in an upcoming blog post.

  3. :) You have no idea how many times that happens to me. :) I usually leave a short comment on the blog of the person who asked the question saying “see blog for more detail.” :) Let’s them know when I have answered their question.

    OOOHhhhh I am looking forward to your answer. I still cannot believe how young you are with all that you know!!! :)

  4. It’s a long post, but it’s up now!

    Here’s the link:

    http://sensetosave.com/2008/03/31/no-were-not-debt-free/

Sorry, comments for this entry are closed at this time.


Hey! I'm Kacie, wife to Shane and mother to Jonathan (7), Vivienne (5) and Amelia (2) . I write about my family's finance: how we save money, improve our spending, and plan for the future.

I hope I can inspire and encourage you to improve your situation. See disclosure.

I'm adopting a much slower-paced posting schedule, and treating this as a hobby blog now.

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