Friday, May 30, 2014

2014 Savings Goal - May Update

(1) Max out 401k(s) -        $10,139   29%  (goal is $35,000)
(2) Max out IRA(s) -         $8,835     80% (goal is $11,000)
(3) Add to e/r fund -          $4,400     44% (goal is $10,000)
(4) Roof project -              $5,000    100%  (goal is $5,000)
(5) Vehicle replacement -  $5             0%  (goal is $5,000)
(6) House projects -          $1,100     37% (goal is $3,000)

Total:  $29,479  43%  (Goal is $69,000)

Can you tell things have been cray-cray for us, no posts in quite some time.  But, surprisingly, when I updated our savings chart today we are generally on track for 2014.

The roof project is done, cost more than $5,000 so counting that goal as completed.  We are making progress on our house project fund, but even with the roof done, we have several house projects that we need to attend to this year that likely will exceed our savings.  Now that the roof project is done, I will switch my auto savings to Mr. Sam's car replacement fund.  My car also has been acting up and I'm going to need to invest a couple of thousand into it in the next couple of weeks.  

As for 401k, I'm maxing mine out.  Mr. Sam will not be eligible for his 401k until September, in the mean time we are putting savings away so he can up his contributions come September.  But, we are behind on that goal.  We are making good progress on our 2014 IRA savings.