|DD2 College Fund||$6,000|
|Get Away Trip(s)||$800|
At August ends, despite the negative savings in July, I am $721 closer to the goal than I was on July 1, with a new balance of $15,779. That breaks down to $3,944.75 per month, a laughable target. It improves a bit when I subtract out the third paycheck in September and a VISA point cash in, totaling $2,002, making the new savings goal from regular cash flow $3,444.25. It is highly unlikely, unless DH's commissions double (which has happened in the past), but I still want to keep the challenge front and center as I decide where and how we spend money the next four months. We will need to decide where we eliminate or at least reduce. It will not be DD2's activities. Some might argue with me that these are indulgences that are unnecessary, but giving my kids access to experiences that help round out their character in positive ways, is a bargain. She will be contributing more to her expenses now that she has a little money coming in. She was fine with no new school clothes, understanding the cash outlay of these other things. Technically, since she chose not to run cross country, we can take $150 off the budget, but I have a feeling it could be replaced with a new activity. I had an idea of making one of the little get aways to DD1's place, if she will have us. She lives in a beautiful area, and for the cost of groceries, gas, and maybe a meal out, we can cut one of the getaways in half.
Christmas can definitely be scaled down-experiences over stuff. The balance of what is saved after scaling back Christmas spending, and get aways, will be divided between the college fund and the Roth. I think we need to meet with a financial planner because with the amount I am putting away through work, all pre-taxed, I'm not sure in the long run if adding the max to the Roth is a better financial move than potentially taking out student loans if needed later, and helping her pay them off. I'd rather contribute the goal amount to both, but it is looking like that might not be possible this year. That is where my piggy bank stands. I'll be looking for the best bargains, wasting not and wanting not as we check off the days of 2016. How are your goals coming along?