Tuesday, April 13, 2010

Backwards

What is the opposite of forward progress, backwards regression.

(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) - $7100 (22%) (goal is $33,000)
(2) - $3200 (32%) (goal is $10,000)
(3) - $300 (25%) (goal is $1200)
(4) - $750 (21%)($7135 in our baby fund, goal is $10,000)
(5) - $-1800 (-26%)($24,412 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)

Total - $12,550 (22%)

We have written the check to the IRS and the check to the CPA, hence we moved $6,000 out of our emergency fund. We'll have to work hard to replenish our emergency fund and regain ground on our 2010 savings goals.

1 comment:

  1. Are you able to add RSS feeder functionality to your website? A couple of weeks ago I consolidated all my PF blogs via RSS feed and this is the only one that didn't seem to have the option. Hopefully it can be something easily added as I don't know much about it. Thanks!

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