Travel Fund To Date

Well, according to ING’s handy dandy Goal Setter, I am right on track in my Travel Fund savings. Back in June, I plugged in $10,000 as my goal, and as of right now I’m on track to reach that goal in January 2010. And if I keep saving at this rate, I should have close to $15,000 by mid-June! :)

I also realized that I should be getting my tax refund back before we go traveling. I didn’t end up filling out those papers to deduct less tax off of my regular pay cheques. I know not to count on my tax refund as part of my savings plan, but because of my contributions to RRSPs, according to Morningstar’s RRSP calculator, I should be getting around $1,200. And then I have to factor in my graphic design business write-offs – which should be interesting this year.

I’ve wanted to have a Travel Emergency Fund separate from my personal EF. So I think I’ll put my tax refund into that. The Travel EF just a backup – in case we need an extra flight, or if we’re stuck somewhere expensive for longer than we expected … and near the end of the trip, maybe it’ll be that extra little money we use to stay a few weeks longer – or do something that we didn’t think we’d have the money for. Who knows. But it would be nice to have that cushion just in case.