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Budget Business

February 17th, 2013 at 04:09 am

I'm still hanging in there with the budget. Modified my Excel spreadsheet to work better for me and it's working. (It ultimately took about 3 or 4 years to get it right for my lifestyle.) It's pretty simple now and I can track my checkbook and freedom account a lot easier, which was my hope for 2013. KEEP IT SIMPLE. I had a really complicated system before and I just couldn't keep it up.

Anyway, the budget of Me, Inc., has us on track to begin looking for a car to purchase in March or April. That money will come from the wealth account. Still have little to no help/input from the family, but I'm pressing my way.

The house requires some repairs (ugh!). We need at least $2500 for the shower surround wall repair in our main bathroom. We're getting there, but let's not talk about the kitchen stove, the garage doors, and the water heater. Such is the life of home ownership. I just hope the duct tape holds until I'm more comfortable with the numbers.

Still searching for money beneath the mattress or in the couch cushions. I have 2 goals that I feel discouraged about. I want to contribute to my Roth IRA (fully) and I want to pay off my house in about 6 years, which is about when I'm eligible to retire from my job (and start a new part-time career/freelance/on-line venture, something).

I've been procrastinating because the money doesn't match my ambitions. I'm leaning toward paying $100 extra per month toward the mortgage. And maybe $2000 extra each year. (Haven't been able to find that amount in the couch cushions!) And for the Roth IRA, I might cut down my savings allotment to the wealth account AFTER we purchase the car (I'm trying to say focused with the car purchase) and use that to contribute to the Roth, maybe $200 a month. I can also convert more of my traditional IRA.

I'm working it out, just slow going. Procrastination. Fatigue. I'm inspired to keep at it by reading all the blogs.

Happy Saving everyone!

2 Responses to “Budget Business”

  1. freeme journey Says:

    Hi, just read your whole story - you are amazing!! Even with all the challenges and feeling burn out, what you have achieved is inspiring to all of us. Hang in there Smile

  2. rob62521 Says:

    Keep up the good work...we all get frustrated.

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