I agree with one of your other comments that some of your sinking funds will need to be used sooner than the end of the year, which is what you’re planning if you divide them by paycheck. Maybe check on the calendar when your gifts will be based on birthdays, etc. and divide your sinking fund for each of those by how many paychecks you have before you have to spend it. Example, if my mom‘s birthday is in June, I really only have January through May to save for that gift.
The problem with you dividing the total needed for christmas by 26 means that you will go all the way to the end of December to get the whole amount of your christmas sinking fund.
Sounds amazing! You have done a great job! Only thing is maybe add a next car fund. But your maintenance one is so high it could really be included. Great job!
I agree with one of your other comments that some of your sinking funds will need to be used sooner than the end of the year, which is what you’re planning if you divide them by paycheck. Maybe check on the calendar when your gifts will be based on birthdays, etc. and divide your sinking fund for each of those by how many paychecks you have before you have to spend it. Example, if my mom‘s birthday is in June, I really only have January through May to save for that gift.
I love that you are planning ahead for your electronics sinking fund to buy a phone once your new one is ready to be replaced.
The problem with you dividing the total needed for christmas by 26 means that you will go all the way to the end of December to get the whole amount of your christmas sinking fund.
Sounds amazing! You have done a great job! Only thing is maybe add a next car fund. But your maintenance one is so high it could really be included. Great job!
That’s so cool about your (future) new phone! ☺️
Wow! Who has $100,000 to move into wealth simple? Great you get the benefit.
Sounds like a good plan. Can’t wait to see the January budget to see how it works.