2014 savings goal $15,000

[FinanceStudentUCF]

Hello everyone,

I am a student at the University of Central Florida.

Currently I have $4,000 saved while working as an intern for a finance firm here in Central Florida.

My plan is:

Save $4,000 more at my current internship location
($1,000 in Jan, Feb, March, April)

Save $5,000 during my internship with a defence contractor in the summmer
($5,000 in May, June, July)

Save $2,000 during my last semester (August-December)
(Currently I do not have a job lined up, my goal during the first 6 months of 2014 is to reserve a internship for this time period)

***NOTE: I am proposing during the month of April, so I will need to obtain a second job soon. The ring that I am interested in, costs about $2,500.

Total amount needed in 2014: $15,000 general savings + $2,500 Engagement Ring = $17,500!

Current Savings: $4,000/17,500 (December 2013)

January Savings:
February Savings:
March Savings:
April Savings:
May Savings:
June Savings:
July Savings:
August Savings:
September Savings:
October Savings:
November Savings:
December Savings:

[riverwed070707]

So does your current income allow you to save $1,250/month excluding savings needed for the ring purchase? Are you taking loans ot pay for your education? I guess I see where you have listed what you'd like to save during the remainder of your internship and for the summer but I guess my question is whether you've pulled these numbers from somewhere or its just a round number you'd like to aim for.

[FinanceStudentUCF]

My current internship position pay about $1,600 a month. After $600 a month in expenses, I am able to save $1,000.

As for the summer, the expected income will be $2,800. The living arrangement will be completely covered with a stipend offered by the defence contractor.

My education is completely covered by Merit Bases Schlarships. So I will end up with ZERO student loan debt once i graduate in December 2014.

[Joe Moore]

You seem to be a smart person who can get internships and job already lined up after graduation. Remember you can make money and save but you shouldn't have such a tight budget that you cannot enjoy your student years.

[disneysteve]

Congrats on going through school on scholarship and no loans! That's great. My daughter starts college this year. She will be getting a nice merit scholarship but not a free ride.

Clearly you've got a good head on your shoulders. It is great that you are already focused on your finances and saving. That will serve you very well in the future.

The one thing I can't help but wonder is about this:

The ring that I am interested in, costs about $2,500.

Is this a ring you've picked out or one that she picked out?