Emergency Fund Progress

We are on Baby Step 3 of Dave Ramsey's Total Money Makeover which is to save up 3 to 6 months of expenses in a Fully Funded Emergency Fund. Our goal is to save $30,000 which is about 6 months of living expenses for my family.

Yesterday I deposited another $3,280 bringing our balance up to $20,310. After my husband gets paid on the 15th we plan to deposit another $2,220 which will bring our balance up to $22,530. This makes our total contribution for this month $5,500 which is less than what I had originally budgeted for.

Originally my husband expected his commission for this month to be $8,000 but it turned out to only be $4,900. At first this stressed me out but then he told me he expects next month's commission to be $3,000 where we had originally budgeted for $0.

I really want to get this FFEF done but on paper it looks it might take us until April 2010 to get the full $30,000 saved. I'm hoping we'll get it done before the end of the year.

July 2009 Budget

Expenses	Jul
AUTO-Excise Tax	$0
AUTO GAS - BR	$200
AUTO-Insurance	$120
AUTO-Maintenance	$0
CASH-Auto Gas JR	$100
CASH-Clothing	$0
CASH-Dining Out	$120
CASH-Gifts	$0
CASH-Grocery	$400
CASH-Kids Allownce	$50
CASH-Parties	$0
CASH-School Lunch	$0
CASH-Spending	$160
DEBT-Equity Loan	$0
DEBT-Visa	$0
HOME-Cable/Phone	$181
HOME-Electric	$190
HOME-Water	$0
HOME-Furnace	$0
HOME-Mortgage	$2,345
HOME-Oil	$0
HOME-Trash	$0
KIDS-Bball	$0
KIDS-Misc.	$0
KIDS-Piano	$0
KIDS-Preschool	$0
MISC.	$0
MISC.	$0
PERSONAL-Cell Ph	$0
PERSNAL-Contacts	$0
PERSNAL-Life Ins.	$0
	$8
PERSONAL-Rx	$20
PERSONAL-Braces	$100
PERSNL-BR Sports	$0
PERSNAL-Vacation	$0
TOTAL Exp	$3,994
Total To Sav Total $9,494	$5,500
INCOME	July
1st Paycheck	$2,239
1st Commission	$4,900
15th Paycheck	$2,220
Church Pay	$64
Jewelry Pay	$50
Other	$0
Transfer fr Savings	$0
TOTAL	$9,473
CASH FLOW	July
Beginning Balance	$196
'+ Income	$9,473
Subtotal	$9,669
'- Expenses	$9,494
Subtotal	$175
Save Fr Next Month	$175
Ending Balance	$0