<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Archive: July, 2015
 

Archive for July, 2015

Midyear Review 2015

July 1st, 2015 at 05:53 pm

July already! Oh my goodness! Happy belated 4th!

Quick update... I'm still reworking my budget with the changes. In addition to the mortgage payoff, I got a slight raise at work, so I feel really happy and inspired to make the absolute best of these gifts. I keep smiling at random moments...

So here's a rundown of my midyear review for June 2015 compared to my sidebar:

Mortgage: paid!!
HVAC loan remaining: $2,298
No credit card debt
Retirement: $45,517 IRA (trad'l)
Retirement: $215,194, 401K
Retirement: $6,461, Roth IRA
Wealth acct: $25,481
Freedom acct: $4,429
Christmas acct: $202
House repair/major medical acct: $986
Grandkids acct: $140
Savings bonds: $5,700

Net worth: $411,110

Manageable goals for the short term:
1. My intention is to pay off the loan for the new furnace/air conditioner with cash flow. My original plan was to take the money from the wealth account, but now I can have it paid off by October using my regular income and not deplete the savings.

2. Increase my retirement contribution

3. increase savings for the next used car purchase, then save for home maintenance and improvement.

Happy saving everyone!!