I said back in April that I was trying to start building up a Fuck Off Fund, and I really wanted to take it seriously. Without talking specific numbers, I said that I wanted to save up six months of living expenses – at my current standard of living – and have it in a savings account. Just in case.
I also said that I expected to hit 10% of that savings goal by the end of Q2. Here’s an update.
Yes, I have been saving, but I hit a bit of a setback between changing jobs, getting an expedited passport (I still need to get that expense reimbursed from work), and traveling to Columbus, Santa Fe, and Costa Rica all in the same month. My ability to save was somewhat stymied. I still made a good faith effort though.
It’s the last payday of Q2 and I’ve managed to save 5.7% of my Fuck Off Fund total savings goal. So a little better than half of my somewhat ambitious original declaration. Not bad, seeing as how I didn’t even announce my savings intent at the beginning of the quarter.
However, this is slower than I would ideally like to be saving. I don’t have any international travel plans coming up, and I think 10% per quarter is a reasonable target, so by the end of Q3 I would like to reach 16% of my total Fuck Off Fund savings goal.
Again, probably no one cares about this, but many sources online say that announcing your intent to people you know helps with accountability. Feel free to poke me periodically about how my journey to financial responsibility is going.