Automatic savings still works! Emergency fund surpasses $2,500

I finally got around to upping my emergency fund contribution to $35/week. Upon checking my account balance it turns out my weekly contributions of $30/week have added another $1,000 to my emergency fund balance since Sept 07 when my emergency fund hit the $1,500 mark.

I’m setting a definite target amount for my emergency fund. The magic number is $10,000. If I continue at a rate of $35/week contributions it would take 214 weeks or so to accumulate $7,500. Interest accumulation here and there should cut a week or two off.

The most difficult part of saving is not touching the money. I use to have an obsessive habit of checking the balance daily but now I’ll check my balance once a month or so.