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March Check In

March 29th, 2021 at 02:10 pm

Debts

Mortgage -$$121,148.76 (-$233.35)

Savings

Roth IRAs +$19,732 (+$355)
401K +$38,836 (+$2,005)
Emergency Fund +$8,478 376 (+$102)
Animal Fund +$1,060 (+$0)
Truck Fund +$1,205 (-$0)
HSA +$1,175  (+$116)

Overall: +$2,801.35

 

Still plugging along. Kitchen remodel budget actually doubled but thankfully I also got a web design job which covers the entire amount. After we get a few more little saving items done and replenish the car fund I will probably start bumping up our retirement savings. It has been a year or more since we saved anything in the IRAs which has been sad. But we also paid off like $25k of debt or something crazy and this year we have saved over $15k. That is an insane amount of money for our income. We have been putting some into the 401K this entire time, but we can do better. Glad we are young and time is on our side. We have more saved than most people our age and income I think. 

Posted in Monthly Check In | 2 Comments »

2 Responses to “March Check In”

  1. rob62521 Says:
    March 29th, 2021 at 08:34 pm 1617050069
    1617050069

    Glad you have a job to cover the amount on the kitchen remodel. You probably have more saved than many people of all ages. It is scary how few people will save money.

  2. livingalmostlarge Says:
    March 29th, 2021 at 09:13 pm 1617052397
    1617052397

    When DH and I were 26 and 28 we'd just gotten married and we had pretty much $0 saved. He just finished grad school and I was in the midst of grad school. I had student loans and I had $3000 in a Roth IRA, he wasn't an american and had nothing. The only thing we had was our condo we had bought in 2002 and we sold in 2005 when he got his first job. So we had $16k in debt, home equity $120k and that's it. No cash really. His first job in 2005 lasted 8 weeks and we saved everything we could. But I believe we ended up with $10k in cash maybe?

    So 26 and 28 and only some home equity in 2005. Well it's turned around in a big way 16 years later. So make progress no matter what! Our first few years of marriage was building EF, paying off our student loans and cash flowing DH's MBA. So we really didn't save as much as we should have. We had A LOT of bills. But we kept ourselves above water and went to single income, had 2 kids, moved, quit work and still we built a multi 7 figure net worth in 16 years later.

    Keep on trying. I had no idea how it would turn out but having had faith that everything we put aside would work.

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