You are all aware of our savings goal of $ 113,028.70 in 3 years. We are now in our 6th month of saving now since we are in November. The past five months we have been able to save a total of $29, 292.67. That leaves $83,736.03 to reach our goal over the next 2 and 1/2 years. However we would like to beef up our savings now and all next year to see how close we can get to saving that $ 83,736.03. I would really like to save it sooner rather than later.
We have 2 birthday gifts for our sons this month. I have my 2 sons, a daughter in law, and 2 grandchildren to give Christmas gifts to. We also had our quarterly pest control service come today. Yesterday, our snow plow guy came and collected the $500. for that service this winter. I had an expensive teeth cleaning yesterday- $268. which I paid in full. They no longer offer a dental plan. That was just for a cleaning. I told them no fluoride or varnish this time. They tried to do X rays. I told them no that they had done them last year and I only do those every two years. Then when my hygienist did my cleaning she said I had a little inflammation around 2 teeth. I told her I have had no problem or soreness. Well, she said she would like to do the varnish because that would help the inflammation. Then she said she would not charge me the $35. for it. I said fine. That saved me money. Their dental prices are way too high to begin with and any savings I can get I am thankful for. I also came home with a big bag of dental supplies including the GUM rubber picks. I love these. We have the money set aside for all of this to get us through the end of 2024.
So we will be saving every dime that we can in any way that we can. So you will see me posting any time we cut costs again and how we are doing it. That will start on Monday and go through all of next year. I hope at the end of next year to have really saved a lot of what we need by December 31st of 2025.
Are you working on any savings goals especially for the New Year? Feel free to share them with us.
2 replies on “We Want To Beef Up Our Savings”
Hi Precious, that is quite a goal. I have no doubt that you will reach it. 👍 I am thinking about the savings goals for us for next year. First of all, our “life happens” fund has taken a beating the past few months with an unexpected car repair and the roof deductible ( I have $$ in our investments for when we needed a new roof, but since insurance ended up covering, we decided to take it from LH and let our investments continue to grow). So I know I will need to save $4500 to replenish it. I am also going to start to save for Hubby and me to take a big trip in 2026. We are not sure what we want to do yet, but think we want to do some foreign travel. We will start researching after the first of the year but I will start saving in the meantime. Hubby starts SS in Jan and we are also starting to take a modest amount from our retirement accounts then. I will also start SS spousal benefits. We will live like we always have. I am hoping by this time next year our savings account will be more flush than it is now.
Hi Chris,
I hope I can. Go travel while you are still young enough to enjoy it. Out travel days are over. You have a great plan so I have no doubt in my mind that you will have lots of savings and investments.