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Archive for May, 2012

Month of May Musings

May 24th, 2012 at 05:23 pm

In addition to the usual exhaustion, I caught a cold and respiratory infection over the past 2 weeks. My goodness, what's a girl to do?

Needless to say, I'm a little behind in the budget tweaking and tracking, but still keeping my eye on the prize.

After using my tax refund to add that extra money to my Roth and pay a little extra toward my mortgage earlier this month/last month, I felt HIGHLY motivated and still feel the urge to keep the momentum going. Problem is, I have more momentum than money. Hmmmm?

I want to do it ALL and I want to add to ALL my savings goals heavy and hard, like thousands of dollars per month. But the reality (as usual) is that I'll be tapping the nickles and dimes and dollars, which requires some more creativity...

Here's two ideas I've come up with...

(1) The extra that I have with the change in my tax withholding combined with my standing allotment toward 'wealth' savings, I think I can split between the car savings and the Roth IRA (about 100 each, each month) and the wealth account. It will take longer for everything, but I feel like I need to do something.
(2) Commit to a $50 set amount for extra toward mortgage. I've been flaky with no amount or $25 or $30 extra. If I can keep my grocery budget where it is, I can easily add $50 each month to the mortgage payment. I can also use the $20 challenge--maybe commit an extra $20 from my $20 challenge toward the mortgage. Hmmm...

Anyhoo, I'm still pushing toward the goals. Hope you all are too!! Happy saving everyone!