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What a great June!

June 30th, 2010 at 06:01 am

Well, it's June 30 which means payday for DH and me (we get paid at the end of each month). We currently put away $970 into various savings (Roths, mutual funds, etc) automatically for our paychecks and have done so since Jan when I got my last raise. Since we paid off all our non-mortgage debt last month, we are also going to add another $525 into savings this month (amount varies to our needs each month). Also, I get a "bonus" twice a year, in June and Nov. So, the net of my June "bonus" is $1,115. That is going into savings as well. In June, we also received the remaining balance in our medical flexible spending account of $276 and got reimbursed for some travel expenses in the amount of $653. With the extra $400 in yard sale proceeds from a few weeks ago, the amount that went into savings for the month of June is.....

yard sale = $400
travel reimbursement = $653
flexible spending reimbursement = $276
bonus pay = $1,115
regular monthly savings = $970

Total = $3,414!!

Our goal right now is to re-build our emergency fund to at least $20k (we took a portion of this fund to pay off that last credit card) The balance with June's contributions is now $6,281. We don't count our Roth accounts or our mutual fund balances into our e-fund balances so it's good to know that those are there in the event of a MAJOR emergency (those have healthy balances)...

Now, July will be a different story as all we are expecting are just our normal paychecks. The "extra" money in June sure was fun to play with though!

1 Responses to “What a great June!”

  1. creditcardfree Says:

    Very nice! I love months like that were the cash just flows in and does some good for the bottom line.

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