We originally wanted to save 10k for our emergency fund this year, but looking at our other expected costs, we pulled this back to 5k. Thankfully, because we won't be paying childcare costs for a few months, I'll be putting all of those savings ($550 a month) and some extra towards our emergency fund.
I pulled back the amounts in November, December as our construction loan and land loan will be considerably higher and I'll have to put money aside for moving and other new home related costs. If I have ANY money left over from that period, it'll definitely go into the emergency fund.
This is the projected growth. It doesn't take into consideration expected pay increases, tax returns or any other additional income and is growth on the basis that we don't actually use the EF. I'd love to see this at 10k by the end of the year, but I'll be happy with 5k or this too.
If I could somehow get it to 12k (🤞🏼) we would be meeting 10% of our 120k goal!