I’ve Paid For This Twice Already…

On the trail of another sale

I got an email from someone interested in seeing the baby clothes, specifically the 6-9 months stuff.  Since most of what the other woman bought was 0-6 month stuff, this is exciting since I still have a lot of that left!  Yay!

The ad that took me the least amount of time and thought is netting me the most interest and profit.  Imagine that.  lol

Initiated a transfer of $674.56 to the ING account today.  Once it posts (July 2 ING says) I will do the following:

Create a “daughter” subaccount and transfer $10 to it for the start of my daughter’s college fund (we all start somewhere).

Create a “household” subaccount and transfer $150 to it (spouse’s birthday money).  This will be our longer-term savings for home improvements, long term projects, etc.

That will leave $1039.56 in the main account (entitled “son”).  This is our son’s college savings account.  He is 2 1/2 years older so he has a little bit of a head start.  the $14.56 is the interest his old savings account had accrued.

This leaves $650 in our own bank savings account for our emergency fund, which I will bump up to $1000 (or as close as I can manage) when I get paid in July.  The ING “household” account for now will get any irregular expenses $$ we save up for things that happen annually that I budget for each month, to keep it separate from the emergency fund for now.  Eventually annual expenses will get saved in our regular bank savings, and a separate ING subaccount will be created for “emergency fund”.

Slowly I am getting everything in order.  I am going to start depositing just a little bit to each college savings every month.  I know it will slightly take away from the debt reduction BUT this is what *I* want to do.  It makes me feel better about things to be saving for them even a tiny bit at a time.  I wrote it into the budget.  Call it discretionary spending if you will.

Once we are out of debt that saving will increase substantially.

~J

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