Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts

Friday, September 28, 2012

Farm Humor and Thoughts

As time goes by, and since I'm about to go back to work, I'm thinking more about setting up separate bank accounts so I can save for specific things.  Someday I want the farm, the animals, and the "off the grid" utilities...but I want to pay cash so I won't be in debt.  The best way to do that is to start listing what my wants and needs will be.  I'm a bad saver (not a wild spender), so I'd want to set the percentages ahead of time so they're automatically deposited into accounts without me having to think about it. 
 
Tithe - 10% (never forget to bless God with a portion of what He's blessed you with!)
Weekly food budget - $125.00 (this is Costco spending, and we have food stores, so it could be less)
Car fund - 10% (I don't need a new car, but a dependable used one would be good)
House down payment fund - 10%  (I know, it should be 20%)
Animal purchase fund - 5%  (cows, sheep, goats, chickens, the guard dog and mousers)
Wind turbine/geothermal heating and cooling system/solar panel/well drilling fund - 10%
Emergency cash fund - 10%  (It's a good idea to have $1,000 put aside)
Emergency food & supplies fund - 5%  (prepare for storm so you're not fighting the crowds)
My business fund - 5%  (equipment, supplies, show fees)
Farm equipment - 5%  (tractor, plow, harvester, hay baler, watering system)

I may have to adjust the percentages, but I'll have a better idea once I receive my first paycheck.   Once I meet some of the goals, I'll adjust the percentages.

In the meantime, I was doing a little searching on the price of cows.  Yeah, like that's in everybody's list of "things to do today", right?  Well, I can expect with inflation to get a mediocre cow for probably around $2,000 a head.  While talking it out with Fred, this old "Far Side" cartoon came to mind, and I had to hunt it up and post it so everyone could get a great laugh!