<< Back to all Blogs
Login or Create your own free blog
Home > Month of May Musings

Month of May Musings

May 24th, 2012 at 10:23 am

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!

2 Responses to “Month of May Musings”

  1. Salvador Antonacci Says:

    Hi after reading your article, after all we all have more momentum than money, your ideas about paying extra, sounds an excellent and brilliant idea, if you can do all those adjustment on your financial, trust me you will have a Brilliant future.

  2. Jerry Says:

    I think that if we try to keep the momentum when we do NOT have as much money, then it leads to some form of insurance that the momentum will continue even when we DO have the money... not to mention the great progress that we can make in the interim! Good luck and hang in there...

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]