It's amazing how quickly you can save money when two people focus on it!
My BF and I started a joint savings account in March of this year. We hadn’t designated just exactly what it was going to be used for, but it quickly became known as our vacation fund.
We have been putting in equal amounts (this is VERY important to me, even though he earns more than double what I do) to fund this account. On the 1st and 15th of each month, we each automatically transfer $100 to the account. So, that’s $400 per month. Then, when we have extra money – like when we get profit sharing at work – we put in additional, equal amounts.
In just six months, we have reached $4,400 in the account! I had hoped for $5,200 in one year, but we are already almost there. So, it’s time to set a new goal. And, we have yet to pick when and where our vacation will be. I think we could have almost $8k by Christmas. And, knowing me, I’ll want to just keep on saving it instead of spending it!
My how rapidly the vacation fund has grown!
August 25th, 2008 at 05:26 pm
August 25th, 2008 at 08:35 pm 1219696557
August 25th, 2008 at 09:54 pm 1219701273