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Roth IRA

February 10th, 2020 at 04:07 am

I have $100 to spare and it will be going to my Roth IRA contribution. As I mentioned before, if I can swing two $270 payments by April, I'll have a shortfall of $320 for a full contribution (2019). Once done, I'll begin my 2020 contributions. This is my #1 financial priority as I am behind on saving for retirement.

Getting there

December 18th, 2019 at 12:58 pm

As of Friday, I'll finally be under the $2K mark to fully fund my 2019 Roth IRA. I have four months left to contribute $1,870.00, which means I'll have to contribute $467.50 from January-April. I am now on a mission to make this happen. If for some reason, I cannot cash flow contributions, any remaining balance will have to come out of savings.

Pay day and big decision

November 16th, 2019 at 04:34 am

Payday today for the both of us.

I contributed $150 to my Roth IRA, $2,900 to fully fund it. I think I might send an additional $100 next week.

Paid two credit card balances.

Saved all of husband's overtime check.

Put cash on three envelopes: $50 for husband's retirement party (to be held in January), $14 for the Thanksgiving Food Drive(charity) and $15 for eat out fund.

I also paid a few small bills: electric bill, phone and cable.


On another note, We made a big decision this past weekend to put our vacation home on the market. This past year, we've only used the house for a month or so. We feel that it is a waste of money as we don't plan to use the house as a full time residence. We estimate that between the mortgage and bills, we spend about $17K to keep this home. I have no emotional ties to the house so it was an easy decision.

Prioritizing our long term needs

October 5th, 2019 at 05:35 pm

I currently have $3.450.00 remaining to fully fund my Roth IRA by April. I currently contribute $300 to it every month and I'll have to make some extra contributions because there will be a deficit.

I use DR Every Dollar budget tool (the free one)to keep me in control as I am responsible for keeping track of our finances. My husband is a simple guy and he'd rather that I take care of our financials. I am happy to oblige.