Ok, guys, I need some advice on how to allocate my savings buckets in Ally.
I have 4 main savings goals right now, which I will list in order from highest $$$ goal to lowest:
Military Retirement (no set amount, just as much as possible)
Car loan payoff ($7200)
Balance transfer payoff ($7000)
Disneyland Annual Pass Fund ($4500)
I HAD been putting the bulk of my monthly savings towards the military retirement goal, as that was the main priority for later this year. However, now that retirement is 3 years away again, that goal isn't as urgent.
So, I had the thought to attack these goals using the snowball method, and save from smallest goal up to largest. The three goals that aren't military retirement have a timeline of this year. I need the DL AP money first, in late August. I need the other two complete by December. I want to hold the money in savings until the end of the year to earn interest. The car loan is at 0.9% and the balance transfer is at 0%.
I currently have about $10,200 in the savings account to "distribute" among the buckets.
Should I go ahead and put $4500 in the DL AP bucket, meet that goal, and put the rest towards the balance transfer? Then, continue to put money towards the balance transfer before moving to the car? Or should I continue to allocate monthly amounts so that by the end of the year, all the goals are met?
I know it doesn't REALLY make a difference, and it's all just really one account anyway, but this is just my hyper organized mind at work.
What would you all do?