Tuesday, October 02, 2007

Freedom Fund: $4,050

I got the big insurance reimbursement check in the mail last night, and immediately (this morning) deposited it and set up the transfer over to the Freedom Fund at ING. This brings the balance up to $4,050.

Exclusive of the CD I rolled into the Freedom Fund, this balance represents 13.1% of my gross pay for the year so far, and at least two months' expenses. It represents the freedom to make decisions for myself, unbeholden to anyone. And the best part is that it's all, every penny of it, money that I earned. Even the aforementioned CD was initially funded with savings from my part-time job at college. The Freedom Fund is truly free, in the sense of independent. There are no strings attached.

5 comments:

Chitown said...

Excellent! Keep up the good work!

Mrs. Micah said...

Congrats, very exciting!

Tired of being broke said...

Congrats on the Freedom Fund. Is that the same as some people FU Fund?

English Major said...

tired of being broke, sort of. It's an emergency fund, basically, but because my expenses are low and because I'm healthy, employable, and totally lacking any dependents (including a car), the idea of an emergency fund is sort of less compelling to me than it might be otherwise. However, the idea of having enough money to make a major life change is very compelling, so I've sort of adjusted the conventional emergency fund to suit my purposes.

Sistah Ant said...

A "freedom fund" is SO inspiring! What a concept!