Image Courtesy: alancleaver
I haven't updated the balance of the savings challenge in a couple of months. It's still one of the highlights of my financial goals.
How am I funding the savings challenge?
Each month, after all of my regular monthly obligations have been covered, any leftover money (even after my regular monthly savings contributions) goes toward the savings challenge.
What's the goal?
My goal is to have $50,000 in my savings account be December 2010. If you are wondering why I am saving so much, you can check out the post here.
Where am I now?
At the end of June, I was up to about $42,000 but had to withdraw about $12,000 for my home refinance in July. Right now, the balance is around $34,600.