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May 2009: EF fully funded for the year

May 31st, 2009 at 11:47 pm

May was expensive month but thanks to tax refund we managed to fully fund the EF for the year (so Goal #3 is Done - few months ahead of schedule!). We now have have 6 months EF worth of living expenses (not including mortgage payment). I think this is enough EF for us for now, we will re-evaluate it again next year.

We have also started funding the Car Fund (Goal #4), I am really really really hoping to fully fund it in June. I think if we do well this month, that is be very good with our spending, we should be able to do it. Plus I should be getting the $900 stimulus payment, which should be enough to achieve goal #4. Things that we could cut down are: groceries, entertainment, allowances, no buying clothes and other useless stuff. Oh well, here's to hoping.

Eventhough we spend a lot in May we still had 10 NSDs. $19K challenge is still doing well, the only thing that I'm trying to pull back is the grocery spending. But I guess that's what the miscellanous buffer is for


BTW, I kind of noticed that not many people are blogging these days (esp some of the regulars). Is it because it's now summer in the US and people are out and about more and don't have much time for blogging? Or is it because we are in the middle of the year and people have kind of lost focus on their goals (I hope not)?

I for one got too busy in April to blog (was away and had people over) and I only really average about 2/3 blog entries a week, I live a pretty boring life.

Well I do hope that everyone are still working towards their goals for this year. Good luck to you all.

4 Responses to “May 2009: EF fully funded for the year”

  1. whitestripe Says:

    i have noticed the lack of bloggers too and wondered if i was the only one that did! i was thinking (and hoping i was wrong) that maybe because things are a lot worse over there than they are here, that maybe a lot of bloggers don't feel like posting about financial matters because they might find it depressing. but i hope your theory is right, it sounds nicer!

  2. SingleGuyMoney Says:

    That's awesome that you've fully funded your EF this early. Good luck with the car fund.

  3. north georgia gal Says:

    That is awesome! Keep up the good work. Ihave wondered too about the blogging. I have kind of slowed down as well, just because of everything that is going on...but not near giving up!

  4. Petunia Says:

    Great work!

    With school ending for the year in June, May feels like a tidal wave of activity. I read here fairly regularly but have been busy with end-of-school-year stuff. . . and so haven't really been blogging.

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