(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700
(1) - $6900 (21%) (goal is $33,000)
(2) - $3200 (32%) (goal is $10,000)
(3) - $300 (25%) (goal is $1200)
(4) - $600 (17%)($7122 in our baby fund, goal is $10,000)
(5) - $5000 (71%)($30,163 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $19,000 (33%)
We put $4000 of Mr. Sam's bonus into our emergency fund and we will keep it there until we hear from the IRS. Some, or all, of that $4000 may eventually be transferred into our IRA accounts. Another $1000 went into Mr. Sam's 401k. He is going to use $500 for something fun. The rest went to taxes, with-holdings, and a little extra into our regular checking account.
No comments:
Post a Comment