I have managed to strike off an item from my 28 by 28 list. The first being item number 8; $20,000 in savings. As of today, I have slightly above the stated amount. The only issue at the moment is whether or not to transfer it to a fixed deposit account; what if I need it for some emergency occurrences and I’m not allowed to withdraw from the funds. The scary part is that now I find it tougher to push myself to save up even further. My mind kept telling me that it is okay to spend since I have some savings. Fact is, 20k is nothing! Planning a wedding reception? 20k gone. Signing up for a degree? 20k gone.
I need to have an aim for saving up even further so as to motivate myself to do so.
How do you do it?