This month's update is pretty simple. I worked some overtime and some holidays towards the end of December that showed up on my January paychecks, which led to me meeting my goal of saving a minimum of $500 this month. I had three paychecks this month so I have exceeded my goal by quite a bit this month. That's okay. It'll all balance out eventually.
Long Term Travel Account Activity
Previous Long Term Travel Account Balance (December 2013): $910.91
Current Long Term Travel Account Balance (January 2014): $1,671.18
Total Deposit Towards Goal: $760.27 (WOW! This is awesome.)
Short Term Travel Account Activity
I had mentioned in my previous post I had a trip to Chicago planned for January 2014. I deducted $600 from my checking account for this trip. This covered most of my expenses for the trip since I had already paid for my plane ticket back in 2013. I am getting my tax refund soon, which will boost this account back up. The next big trip I have planned is to Nepal in October 2014, so most of the money I will be saving in this account will be to fund this trip. I am also looking at a short trip to Bozeman, MT in March or April 2014, and a trip to Southern California in May/Jun 2014 and money for those trips will come out of this fund.
Previous Short Term Travel Account Balance (December 2013): $1116.61
Current Short Term Travel Account Balance (January 2014): $516.61
Total Deduction: $600.00 (trip to Chicago)
Overall, I am really proud of where I am at with my savings. I have some housesitting gigs coming up this month which will go towards my short term travel. I am also hoping to get some CPR classes in the coming months. I start my new side job teaching social media literacy this month and any money I make from there will be going into my long term travel account. Thanks for checking this out.
Are you saving for a goal? What are you saving for? What kinds of tips do you have to share about your saving strategy?