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Updating savings amounts for 2011

January 11th, 2011 at 10:29 am

We had been saving $1,000 per month into savings (short-term, mid-term, and retirement). I just got online to all our accounts and increased everything to $1,500 per month. I think we can do more but let's see how this feels for a few months.

We also are going to start paying extra on our mortgage... just to round it up from $1,652 to $1,700 each month which is just $48 so no biggie. We used to pay a few hundred extra per month when we first got the mortgage but then scaled back to the regular monthly payment amount when we were trying to sell our house. Now that it looks like we'll be here for a while, I figured we'd start paying a little extra just because.

Some things I look forward to in 2011:

1. Reaching the $20,000 mark in our e-fund.
2. Would love to be 100-105 lbs! Before you think that is outrageous, please be aware that I am very petite and this would be normal (but on the lean side) for someone like me. I have thus far cut out soda (except for one can twice a week -- long story) which is going to help tremendously. I am trying to fit in some exercise too... so far, so good.
3. Cook at home more/eating out less. This has been working out pretty well thus far.

2 Responses to “Updating savings amounts for 2011”

  1. SavingsQueen Says:

    Congrats on our savings increases and your waistline decreases!!

  2. CB in the City Says:

    Wow! I wish I could save that much! I am doing well when I save $300!

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