Saving for Our Forever Home: February Update

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Read about our financial challenge to save $15,000 in 9 months for our forever home.

Yep. You read that right: the February update. Here it is, the end of April, and I’m just now writing the February update.

I could say it was because March was intense for a whole bunch of reasons (it was).

I could say it was because I’ve been working nearly 80-hour weeks the past month and a half (and I have been).

But the truth of the matter is, I kept putting this off… and off… and off…

Because I was embarrassed.

Really embarrassed.

We're saving for our forever home on an enlisted sailor's paycheck.

Because when you start these kinds of series, you should have something to show for it, right? You should definitely, certainly, always have something to show for it– so your readers don’t get annoyed with you, at the very least. And at the most? So you don’t look like a crazy person who set really high goals and now… well, now can’t attain them.

What we learned:

Y’all know that a large portion of my salary is made by freelancing. Freelancing is awesome for many reasons–especially when you’re a military spouse. The flexibility and ability to keep my job regardless of location is amazing.

What’s not so cool?

Gettin’ paid late, son.

In February I did a lot of work… but because of the way payment works, it meant that I had to wait for payment in March. The money I did receive in February went to paying bills and not savings. Yay for being able to pay bills, but boo for not being able to use those funds in a more fun way.


Literally everything that went wrong, did go wrong in February. We needed new tires on our car (plus an oil change!). We paid our insurance bills for the next six months. I needed to purchase a few updated wardrobe pieces for business events in March. And we celebrated Valentine’s Day– not extravagantly, but we still spent more in a way we usually don’t.

This month really emphasized the importance of having a rainy day fund and having a solid foundation of savings just in case one more thing went a little haywire and we needed extra cash. Over the past 2 1/2 years, we’ve worked  very hard to make sure that we’re not living paycheck-to-paycheck, so it felt good to still be “okay” even with unexpected bills.

What we saved:

Drumroll, please! During the month of January, we were able to sock away exactly $0 for our house fund.

The breakdown:

We were able to save about $400 over the course of the month just from not eating out and watching our spending, but instead of putting it towards our house fund, we decided to put it into our Roth IRAs, which need a little bolstering.

Where we are:

February was static. We still have $13,523 to save to reach our goal of $15,000 towards our forever home.

Read more:

We want to save $15,000 in 9 months!
January Update

2 Responses

  1. Don’t be disappointed! There will be up months and there will be down months. Financial journeys are all about that! You should strongly consider making a plan that includes both saving for a house and contributing to your IRAs! Then you won’t get derailed by that sort of stuff.

  2. You’ve got this girl. Keep plugging away at it little by little. Hang in there and thanks for sharing your trials and tribulations!

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