The Long Haul

Now that the disbursement checks have come, the easy money has arrived. However, our job is just starting. As I said before, a monkey could save found money, but it takes a responsible human being to actually use that money wisely and add to the total.

Our plan is to:

Take what we have (minus a few thousand for emergencies- doctor visits, flat tires, etc.) and place in CDs that will earn us interest. If we could place $16,000 of the money in a CD earning 5%, that would equal $800 a year.

Add to the overall total by a) placing $200 every two weeks into savings, b) cutting back on monthly expenses, and c) placing my earnings into savings.

We have three (3) known large expenses coming up in the next six months. I need to get a crown on a tooth ($500 or so) heartworm treatment for a dog ($500 or so) and bar exam application fee ($600 or so). We'll need to save now, to defray those expenses- otherwise, 10% of our savings will be gone in three transactions.