We had an incredible week last week. I can’t believe I’m even saying this, but after 20+ years of playing the lottery, we finally won!!! After taxes, we ended up with a little over $120 MILLION! I haven’t even told Christy yet. It just hit our account last night, so now it actually feels real. I still can’t believe it.
So with that, this will be the last post we will be writing for our blog. What’s the fun in listening to a bunch of rich white people talk about how they never have to work again, can do whatever their heart desires, and show pictures of what someone else did to 1 of our 5 homes?
I have been playing the lottery for over 20 years, and in total I’ve probably made around $30. This is what happens when your normal post day falls on April Fools Day.
It was a good month though. With some good fortune, we were able to max out our Emergency Fund. That’s one thing we can check off the list. It’s no lottery, but it is a great feeling to have it taken care of in case we are ever unfortunate enough to need it.
In Savings we were able to save our normal $500 plus an additional $56 and earned $6.29 in interest. However, we are currently lower than what we had due to transferring $5,200 into our emergency fund. If we ever get our federal tax refund that will help make up that difference.
In Vacation we saved our normal $200 ($100 of that was in the last post) and earned $1.33 in interest.
And drum roll please…With our normal contributions, our state tax refund, our ridiculously large Covid stimulus, and a transfer from Savings (plus a little help from $4.10 in interest), we were able to add $16,368 to our emergency fund and reach our goal of $30,000!!!
As Christy said when we started the account, the Emergency Fund is only for a loss of income. It’s not going to be a huge amount, but we plan on taking any interest accumulated over the year and transfer that to our Savings every January. Based on our Savings interest, it should be around $80 or so. Every little bit helps.
The next thing to tackle is our Savings. That will have some ebb and flow, but I’d really like to get that to $40,000. That way, whenever we need to buy a new car, we’ll end up around where we are right now and have a healthy cushion for things that are an “emergency”, but are not a loss of income.
| Savings | $16,057 |
| Vacation | $4,555 |
| Emergency Fund | $30,000 |