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January 2018 Update

January 9th, 2018 at 03:59 pm

Things are moving right along on auto pilot.

Mortgage:

$ 138,453.73 December 2017
- $379.47 Regular Principal
- $150.00 Additional Principal
____________
$ 137,924.26 January 2018

Now I want to see the balance in the $120K's!

EF:

$ 7,000.00 December 2017
+ $1,000.00 January 2018
____________
$ 8,000.00 January 2018

New Vehicle Fund (NVF):

$ 7,830.00 November 2017
+ $830.00 December 2017
____________
$ 8,660.00 December 2017

Retirement:

Currently have $400/ mo. contributions toward ROTH IRAs, split $200/$200 for DW and I. We may increase that by $50 each this year.

I may also increase my 457 contributions from 5% to 10%. This may happen mid year when I should settle on a wage renegotiation, +$6-8K/ yr. I'll have to double check to see if DW maximizes her employee match (6%), if not we will reevaluate that as well to seek maximum benefit.

1 Responses to “January 2018 Update”

  1. snafu Says:
    1515516054

    Having a plan and sticking to it. Well done! I presume any CCs are merely convenience and paid as due. I encourage you to verify you are accessing any employer matching retirement funds as free money
    I mention when we were still paying off mortgage, we challenged ourselves to create/identify' Snowflakes,' to add to the principal reduction. Any coupons, sale price differential, cost avoidance, meal plan grocery savings , DIY not hired out etc. went to 'Snowflake' astounding us with their cumulative effect. We didn't wait for payment date, if there was over $ 200. accumulated and even that made a surprising difference
    Since it's a new year, you may find it helpful to review EF. It's important to have at least $ 1K readily available, possibly in a linked savings account. The larger sum, meant to protect in case of unemployment, can be re-examined based on stability of employment and the sums required for basic needs. At least 3 months is important, possibly 6 months for those more conservative but I suggest you seek the highest possible savings/money market since the likelihood of a huge, instant, payout is unlikely. It takes 2 business days to access most electronic sa

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