progress is a good thing.
especially when it means that i have a fighting chance of building a contingency fund.
the purpose is two-fold.
1. having funds to rely on in the case of emergency (not line of credit or credit cards that got me into this mess in the first place).
2. it allows for a certain sense of security, especially as a self-employed individual. and this was the biggest contributor to my not tackling this debt any sooner - fear of not having enough to cover future expenses.
so at the end of november i deposited $1,500.00 into a high interest savings account...a step towards meeting my goal of having a $5,000.00 contingency fund. yes, it is a modest amount covering only 3 bare bones months of expenses, but it's a start. i really want to put all that i can towards my debts first and once those are out of the way i'd like to build the fund to $10,000.00 and then $20,000.00. but one must walk before they run.
anyway, definitely a step in the right direction. pat on the back.
oh, and i'm going to continue putting this out to the universe...i'm vying for the $500 prize being offered by givemebackmyfivebucks and life insurance finder, the life insurance experts in their financial bucket list contest. some good motivation for this six hundred day journey! check it out..
okay, now back to work!
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