Saving my pennies

For THIS:
http://www.amazon.com/Canon-T1i-Digital-18-55mm-3-5-5-6/dp/B001XURPQS

I already have a Canon Rebel XT. I love it! However, there are ways it could be better...the new Canon Tli is everything I want!
AND the big selling point...it has a high quality (HD) video feature. My current Canon does NOT do any video. We rarely use our super out-dated camcorder, so we have very little family videos. This Canon Tli could take videos for me, which I'd download on the computer, and burn to DVD's. The old camcorder uses those camcorder tapes that fit into a VHS adapter.

Selling my old Canon Rebel for around $250 on Ebay will knock down my total price for the new Tli to around $500. Not bad!

So now I'm on a mission to save up for this. Wohoo!!