Not sure why I didn't combine this with the last post...but my savings information has been updated in the Ultimate Goals page. I did some reorganizing of accounts and took the opportunity to top them up a bit especially the 2nd Home account. Every extra penny helps!
Pru
Showing posts with label savings. Show all posts
Showing posts with label savings. Show all posts
Sunday, February 4, 2018
Sunday, February 26, 2017
My 2nd Home - Location! Location! Location!
Another thing that has been keeping me busy is focusing on my next home. I have becoming more and more disillusioned with where I am living. Part of it is because of how expensive my neighborhood is and how much more expensive I believe it will become.
I am feeling squeezed. Not literally. Clearly I have excess funds to invest in savings and investments and overpay my mortgage. But I have this feeling of not being able to breathe well.
My original plan was to buy another cheaper (much cheaper!) home in the same county. This was important because it was still somewhat close to my job. My commute would have worsened but I would still be close - especially on weekends when I used my car. The town I was looking at was also a really nice low-to-middle middle class town which had a sense of community.
However, the more I thought about it, I have become more concerned about property taxes. The proximity to a neighboring city means that this town will eventually be in demand and property taxes will go up. A lot more people will also look to live there.
So I've started to look further away. In fact, I have started looking as far as 90 minute drive away. But a place that still has transportation so that I could get to my job. I've recently done a scouting trip. I am feeling good about this. In addition to property taxes concerns, I also just want to ensure that my community is peaceful. And I believe I will need to move far away to ensure that it remains peaceful.
As part of this plan, one idea that I have is actually moving sooner rather than later. But I won't do it until I get my mortgage down to a certain reasonable level. What is reasonable? That is the question I still have not answered. I believe the answer is an emotional one and I'll know it when the mortgage reaches that amount - I'll just be in a position to sleep better at night. Hopefully by the end of this year I will reach my *reasonable* number.
Pru
I am feeling squeezed. Not literally. Clearly I have excess funds to invest in savings and investments and overpay my mortgage. But I have this feeling of not being able to breathe well.
My original plan was to buy another cheaper (much cheaper!) home in the same county. This was important because it was still somewhat close to my job. My commute would have worsened but I would still be close - especially on weekends when I used my car. The town I was looking at was also a really nice low-to-middle middle class town which had a sense of community.
However, the more I thought about it, I have become more concerned about property taxes. The proximity to a neighboring city means that this town will eventually be in demand and property taxes will go up. A lot more people will also look to live there.
So I've started to look further away. In fact, I have started looking as far as 90 minute drive away. But a place that still has transportation so that I could get to my job. I've recently done a scouting trip. I am feeling good about this. In addition to property taxes concerns, I also just want to ensure that my community is peaceful. And I believe I will need to move far away to ensure that it remains peaceful.
As part of this plan, one idea that I have is actually moving sooner rather than later. But I won't do it until I get my mortgage down to a certain reasonable level. What is reasonable? That is the question I still have not answered. I believe the answer is an emotional one and I'll know it when the mortgage reaches that amount - I'll just be in a position to sleep better at night. Hopefully by the end of this year I will reach my *reasonable* number.
Pru
Still here, still plugging along
Hard to believe it has been a month!
The days have been running into each other and the weekends are barely non-existent. Been dealing with *stuff* at home (ugh flatmate), at work (double ugh), in personal life (triple ugh).
And let's not even talk about what is going on in the U.S. right now. Stress, lack of sleep, stress, panic and so on. Yup definitely a conservative snowflake living at this blog who still thinks Trump supporters are morons and questions what will happen to the true values of this country (not to mention what will happen to our constitution).
So where am I?
Well I am definitely feeling like my apartment owns me and it likes to crack the whip and keep me up at night. The sooner I pay off this place, the sooner I will feel free.
But I am still plugging along and still making progress on my financial goals. I have made my transfers to savings accounts in January and February, overpaid my mortgage in both months, and made a few share purchases. (Will update the blog pages next weekend (covering both January and February).)
What is this world coming to? Pru still wonders....
Hope everyone is doing well!
Pru
The days have been running into each other and the weekends are barely non-existent. Been dealing with *stuff* at home (ugh flatmate), at work (double ugh), in personal life (triple ugh).
And let's not even talk about what is going on in the U.S. right now. Stress, lack of sleep, stress, panic and so on. Yup definitely a conservative snowflake living at this blog who still thinks Trump supporters are morons and questions what will happen to the true values of this country (not to mention what will happen to our constitution).
So where am I?
Well I am definitely feeling like my apartment owns me and it likes to crack the whip and keep me up at night. The sooner I pay off this place, the sooner I will feel free.
But I am still plugging along and still making progress on my financial goals. I have made my transfers to savings accounts in January and February, overpaid my mortgage in both months, and made a few share purchases. (Will update the blog pages next weekend (covering both January and February).)
What is this world coming to? Pru still wonders....
Hope everyone is doing well!
Pru
Tuesday, December 27, 2016
Cash Reserves and Savings
Is it time to revisit your relationship with cash?
For many the sight of cash either physically in front of them (or in a wallet) or in a bank account tends to lead to the conclusion that it can be spent. However, if you are like most Americans or even like most people in a first world Western country, the reality is you cannot and should not spend that cash!
Categories save the day!
Having a budget for your monthly income definitely helps the mind to ascertain that no, all the cash cannot be spent. You can very clearly see that some of it is being siphoned off into various categories (rent! mortgage! food! utilities!). Once the mind identifies those categories as important (rent! mortgage! food! utilities!) for most of us, we know not to spend those funds.
Doing the same with savings is also extremely important. I tackle this two ways. One I have several online savings accounts that I am able to name (for example, Long-Term Emergency Fund, Home Maintenance Fund or New Car or Vacation!). Once named, these accounts have a purpose and you will (or should) think twice before touching them for anything other than a true emergency.
The other way that I tackle this relates to my bricks and mortar savings account that is connected to my checking or current account. As tempting as it is to quickly and easily transfer money from savings to checking, I don't by naming my funds. I use a spreadsheet to do this and take the total amount of savings and then divvy it up (on the spreadsheet) into sub-accounts. (Using an online bank to have many savings accounts - some let you have up to 20 I believe - is easier but the spreadsheet method works for me just as well.)
The spreadsheet sub-account method is very organized and very clear as to what money is for what purpose. As an example, the amount of my annual home insurance is clearly labeled in once cell and then next to it is the current total I have saved. I also have a third column where I calculate how much is left to save until I hit the goal. It would look something like this:
Home Insurance ($1,200 p.a.) $1,000 $200*Thus if according to my monthly budget, I am putting away $100/month, I have saved for 10 months
Cash Reserves
Now that is all well and good for things that you have a near-term (i.e. one year) plan for spending. But it does get a little more tricky for things that you need to build up - specifically emergency funds.
I'll add the note that some people don't like the idea of emergency funds. Some people call them (or have an additional account or sub-account for) opportunity funds. Personally I like to state what they are intended to be used for and an opportunity fund (new job overseas!) is not the same thing to me as an emergency fund (job loss *sigh*). I would use an opportunity fund for an emergency but not vice versa.
Ultimately, they do fall into the bucket of cash reserves and these take a lot of time to build up and are hopefully not drained too often.
For many of us, myself included, building up cash reserves can seem daunting. At first I only focused on a few months and then one year and so on. Over time, I read more (real news, personal finance blogs and books, personal stories) and it cemented in my mind the importance of having a very solid and large cushion - not just for today but also in retirement.
I also listened a lot. When someone I knew or was speaking to talked about something that seemed important financially (especially when it was bad or uncomfortable news), a little Pru would fling open a door in my brain and rush out, grab the information and then hurtle back into that room and shut the door. I'd retain that knowledge and then I'd be working on a budget or reviewing my expenses and suddenly the information would reappear (hey remember when John said blah blah blah) and I'd make a small adjustment.
I also talked about what I read especially if it was a particularly sad article (we humans tend to focus on sad stories like loss) and it would also cement the information in my mind. (did you read about that investment banker who was laid off and is now working as a waiter at the restaurant he used to lunch at? he can't pay his mortgage, needs to pull his kids out of school and move somewhere else but he isn't sure if he can get another job somewhere else.)
Finally, I started focusing much longer term. Now while I consider myself to be conservative (build that cushion baby!), I am more of a risk taker when it comes to investments. Lots of stocks because I know that I need growth for retirement purposes. I realized in retirement I also have to have a good sized cash reserve cushion - possibly even more so than today. I won't be working so I can't fall back on a salary. And since most of my assets (ahem my new income) will be invested in the market, I will need to ride the waves. I can't simply shift everything from stocks to bonds because if I live a long time, I still need the stocks to grow enough to more than cover the effects of inflation.
But that cash reserve cushion needs to help support me during a downturn in the market because the very last thing you want to do is pull money out of the market when prices/values are low. Best to keep it in the market so it has time to recover. As of today, I have settled on 3 years. (Note this could change as I get close to actual retirement.) In my opinion, in retirement it is always prudent to have at least one year's worth of expenses in cash and the other two years will give the market time to recover but also time for you to adjust your spending/expenses if it looks like the downturn will last a long time. That's plenty of time to move to different housing, take in roommates, adjust entertainment activities etc.
I am nowhere near these three years but it is something to work towards. Also, I wouldn't automatically group these three years with my emergency fund. Because even in retirement you could have a major emergency and you don't want to be pulling from your basic annual expense fund to cover an emergency and then you have a huge expense. (Ultimately, it will depend on how I end up calculating my three years. I may include an emergency amount in each year.)
What is the point of all this rambling?
1) Cash is so very important and needs to be viewed through the lens of not spending it until you are sure that there isn't a purpose for it.
2) Figure out what works best for you to get to this point (name accounts, create virtual sub-accounts, etc.).
3) Move your thinking and planning beyond just the next year's expenses, which you can aim to save for on a monthly basis, toward much longer-term like retirement.
4) And as always, review, assess, evaluate, adjust as need be.
Build that cash reserve cushion baby!
Pru
For many the sight of cash either physically in front of them (or in a wallet) or in a bank account tends to lead to the conclusion that it can be spent. However, if you are like most Americans or even like most people in a first world Western country, the reality is you cannot and should not spend that cash!
Categories save the day!
Having a budget for your monthly income definitely helps the mind to ascertain that no, all the cash cannot be spent. You can very clearly see that some of it is being siphoned off into various categories (rent! mortgage! food! utilities!). Once the mind identifies those categories as important (rent! mortgage! food! utilities!) for most of us, we know not to spend those funds.
Doing the same with savings is also extremely important. I tackle this two ways. One I have several online savings accounts that I am able to name (for example, Long-Term Emergency Fund, Home Maintenance Fund or New Car or Vacation!). Once named, these accounts have a purpose and you will (or should) think twice before touching them for anything other than a true emergency.
The other way that I tackle this relates to my bricks and mortar savings account that is connected to my checking or current account. As tempting as it is to quickly and easily transfer money from savings to checking, I don't by naming my funds. I use a spreadsheet to do this and take the total amount of savings and then divvy it up (on the spreadsheet) into sub-accounts. (Using an online bank to have many savings accounts - some let you have up to 20 I believe - is easier but the spreadsheet method works for me just as well.)
The spreadsheet sub-account method is very organized and very clear as to what money is for what purpose. As an example, the amount of my annual home insurance is clearly labeled in once cell and then next to it is the current total I have saved. I also have a third column where I calculate how much is left to save until I hit the goal. It would look something like this:
Home Insurance ($1,200 p.a.) $1,000 $200*Thus if according to my monthly budget, I am putting away $100/month, I have saved for 10 months
Cash Reserves
Now that is all well and good for things that you have a near-term (i.e. one year) plan for spending. But it does get a little more tricky for things that you need to build up - specifically emergency funds.
I'll add the note that some people don't like the idea of emergency funds. Some people call them (or have an additional account or sub-account for) opportunity funds. Personally I like to state what they are intended to be used for and an opportunity fund (new job overseas!) is not the same thing to me as an emergency fund (job loss *sigh*). I would use an opportunity fund for an emergency but not vice versa.
Ultimately, they do fall into the bucket of cash reserves and these take a lot of time to build up and are hopefully not drained too often.
For many of us, myself included, building up cash reserves can seem daunting. At first I only focused on a few months and then one year and so on. Over time, I read more (real news, personal finance blogs and books, personal stories) and it cemented in my mind the importance of having a very solid and large cushion - not just for today but also in retirement.
I also listened a lot. When someone I knew or was speaking to talked about something that seemed important financially (especially when it was bad or uncomfortable news), a little Pru would fling open a door in my brain and rush out, grab the information and then hurtle back into that room and shut the door. I'd retain that knowledge and then I'd be working on a budget or reviewing my expenses and suddenly the information would reappear (hey remember when John said blah blah blah) and I'd make a small adjustment.
I also talked about what I read especially if it was a particularly sad article (we humans tend to focus on sad stories like loss) and it would also cement the information in my mind. (did you read about that investment banker who was laid off and is now working as a waiter at the restaurant he used to lunch at? he can't pay his mortgage, needs to pull his kids out of school and move somewhere else but he isn't sure if he can get another job somewhere else.)
Finally, I started focusing much longer term. Now while I consider myself to be conservative (build that cushion baby!), I am more of a risk taker when it comes to investments. Lots of stocks because I know that I need growth for retirement purposes. I realized in retirement I also have to have a good sized cash reserve cushion - possibly even more so than today. I won't be working so I can't fall back on a salary. And since most of my assets (ahem my new income) will be invested in the market, I will need to ride the waves. I can't simply shift everything from stocks to bonds because if I live a long time, I still need the stocks to grow enough to more than cover the effects of inflation.
But that cash reserve cushion needs to help support me during a downturn in the market because the very last thing you want to do is pull money out of the market when prices/values are low. Best to keep it in the market so it has time to recover. As of today, I have settled on 3 years. (Note this could change as I get close to actual retirement.) In my opinion, in retirement it is always prudent to have at least one year's worth of expenses in cash and the other two years will give the market time to recover but also time for you to adjust your spending/expenses if it looks like the downturn will last a long time. That's plenty of time to move to different housing, take in roommates, adjust entertainment activities etc.
I am nowhere near these three years but it is something to work towards. Also, I wouldn't automatically group these three years with my emergency fund. Because even in retirement you could have a major emergency and you don't want to be pulling from your basic annual expense fund to cover an emergency and then you have a huge expense. (Ultimately, it will depend on how I end up calculating my three years. I may include an emergency amount in each year.)
What is the point of all this rambling?
1) Cash is so very important and needs to be viewed through the lens of not spending it until you are sure that there isn't a purpose for it.
2) Figure out what works best for you to get to this point (name accounts, create virtual sub-accounts, etc.).
3) Move your thinking and planning beyond just the next year's expenses, which you can aim to save for on a monthly basis, toward much longer-term like retirement.
4) And as always, review, assess, evaluate, adjust as need be.
Build that cash reserve cushion baby!
Pru
Sunday, November 27, 2016
December 2016 Financial Goals
I have not finalized my December budget but it is looking as though I will be able to transfer $600 to my brokerage account as well as make my usual contributions to savings for my 2nd home account, G2H-FU account and my Rewire account. My mortgage account will also get a nice over-payment as well.
Ugh! Speaking of my mortgage, I just realized that I have not yet paid it for this month (for the payment due on 12/1).
Also I have been wanting to post some financial links but frankly this past week a lot of the sites I have been on have focused on Black Friday and other sales. I hate those posts. Really hate them. We spend so much as a nation and are so very wasteful. (OK - I'm not getting on that soapbox!)
Starting next week, I should finds some good links.
Now off to write the mortgage check!
Pru
Ugh! Speaking of my mortgage, I just realized that I have not yet paid it for this month (for the payment due on 12/1).
Also I have been wanting to post some financial links but frankly this past week a lot of the sites I have been on have focused on Black Friday and other sales. I hate those posts. Really hate them. We spend so much as a nation and are so very wasteful. (OK - I'm not getting on that soapbox!)
Starting next week, I should finds some good links.
Now off to write the mortgage check!
Pru
Tuesday, August 9, 2016
Another transfer made!
Transferred $55 to my G2H savings account as well as $55 to my Rewire savings account. Feels good to get this done early in the month!
Pru
Pru
Monday, August 8, 2016
Transfer made!
It is early in the month for me but I already went ahead and made the $210 transfer to my 2nd Home Account.
I also transferred $625 to my brokerage account. I will definitely invest a portion of that this month (likely next week) but will also hold back about $200. I plan to buy some more expensive stock later this year and right now I'd rather have the funds sitting at Vanguard than hanging around in my checking account where I can get my grubby hands on it! :-)
Trying very hard to stay ahead of the game somewhat this month and get back into blogging a bit more often.
Hope everyone has a great week!
Pru
I also transferred $625 to my brokerage account. I will definitely invest a portion of that this month (likely next week) but will also hold back about $200. I plan to buy some more expensive stock later this year and right now I'd rather have the funds sitting at Vanguard than hanging around in my checking account where I can get my grubby hands on it! :-)
Trying very hard to stay ahead of the game somewhat this month and get back into blogging a bit more often.
Hope everyone has a great week!
Pru
Saturday, May 7, 2016
Savings transfers finally made!
While the days this week have each been painfully long, the week itself has flown quite quickly. I managed to make the savings transfers of $55 each to my Rewire and G2H-FU accounts and $210 to my 2nd Home account.
Money was also transferred to my brokerage account (May's money) but I still did not purchase stock. Ahem! This needs to happen this week! But at least the money is not in my checking account where it can get spent on needless items. And it will be invested...eventually...I promise!
Oh well doing the best I can while work is still keeping me far too busy...
Pru
Money was also transferred to my brokerage account (May's money) but I still did not purchase stock. Ahem! This needs to happen this week! But at least the money is not in my checking account where it can get spent on needless items. And it will be invested...eventually...I promise!
Oh well doing the best I can while work is still keeping me far too busy...
Pru
Sunday, March 27, 2016
March 2016 Transfers
Happy Easter if you celebrate!
Okay so this post is long overdue - sorry! Wasn't sure I would be able to make all the transfer to savings accounts because I had some expenses crop up. Well some were annual expenses and some just appeared. (Note to Pru March is always going to be a very expensive month!) But needless to say the transfers were made :-)
On March 12th, I transferred $110 ($55 each) to both the Rewire and G2H savings accounts.
On March 26th, I transferred $210 to my 2nd Home account.
I'm still on track with my 2016 savings goals. Now off to update totals in the relevant pages.
Pru
Okay so this post is long overdue - sorry! Wasn't sure I would be able to make all the transfer to savings accounts because I had some expenses crop up. Well some were annual expenses and some just appeared. (Note to Pru March is always going to be a very expensive month!) But needless to say the transfers were made :-)
On March 12th, I transferred $110 ($55 each) to both the Rewire and G2H savings accounts.
On March 26th, I transferred $210 to my 2nd Home account.
I'm still on track with my 2016 savings goals. Now off to update totals in the relevant pages.
Pru
Sunday, February 28, 2016
Savings Accounts s l o w l y growing :-)
The required $210 was transferred to my 2nd Home savings account this week. (All relevant pages have been updated). This is the last of the intended savings transfers, mortgage over-payments and investments so I remain on track for my 2016 goals.
I also set up a transfer of $190 to my brokerage settlement account. This transfer should take effect tomorrow and will bring the total in that account to $340. It really is just a holding account until I purchase shares. Again with trying to reduce the impact of the fees, I want to make a larger purchase of shares in March so these monies will combine with my "normal" transfer mid-month to allow me to do so.
Also, it gets the money out of my checking account where I am likely to find it frittering itself away. Far better for it to be sitting at Vanguard where I will put it to good use within 15-30 days. (I am going to try to do this at least once a month even if I have not designated a stock or ETF to be purchased. I just do not want to spend leftover money on *crap* when it can go to something that will pay me dividends.)
Work has been keeping me busy so I haven't had a chance to post what I've been reading. (It's also been frying my brain a bit so I don't really recall all that I've read...le grand sigh....) In the near term it looks as though I will be sticking to a weekend-only posting schedule. This is actually fine for now since I don't have that much money to invest/save and only take action a few times a month.
Pru
I also set up a transfer of $190 to my brokerage settlement account. This transfer should take effect tomorrow and will bring the total in that account to $340. It really is just a holding account until I purchase shares. Again with trying to reduce the impact of the fees, I want to make a larger purchase of shares in March so these monies will combine with my "normal" transfer mid-month to allow me to do so.
Also, it gets the money out of my checking account where I am likely to find it frittering itself away. Far better for it to be sitting at Vanguard where I will put it to good use within 15-30 days. (I am going to try to do this at least once a month even if I have not designated a stock or ETF to be purchased. I just do not want to spend leftover money on *crap* when it can go to something that will pay me dividends.)
Work has been keeping me busy so I haven't had a chance to post what I've been reading. (It's also been frying my brain a bit so I don't really recall all that I've read...le grand sigh....) In the near term it looks as though I will be sticking to a weekend-only posting schedule. This is actually fine for now since I don't have that much money to invest/save and only take action a few times a month.
Pru
Saturday, February 13, 2016
Feb 2016 goals - partially completed
This week I made two transfers - $55 to my Rewire account and $55 to my G2H/FU account. I'll make the remaining transfer probably next week.
Got paid yesterday and I jumped putting most of my investing cash this month into INTC (Intel Corp) since it was trading at about $28.50/share. I purchased it in January 2016 just above $30. The stocks have gotten whacked a bit and each day it's up or down depending (from what I can tell) on what was happening to oil.
Yesterday I purchased 25 shares of INTC at a price of $28.54/share or $720.50 in total (includes my $7 trading fee). This brings my total amount of INTC shares to 50 - which I am very happy with. I just missed the cut off date for owning the shares to receive the next dividend (paid on March 1st) but assuming they pay the same dividend ($0.26/share) in June, I will receive $13.00 for these 50 shares. That would buy me lunch (simple sandwich and drink)! I'm happy with that.
I'd like to make another purchase this month. It would most likely be for the ETF or a contribution to the Energy mutual fund since I won't have a large amount to invest. (I am trying to only buy stock and thus pay the $7 fee if I have at least $500 to invest.) I'll make that decision in the last week of the month. I may decide to hold off and add any extra funds to March's investing so as to buy more stock. (Currently I have about $150 at Vanguard sitting in the money market account - this will also go towards the next purchase.)
In the process of updating the various pages - should finish them this weekend.
Pru
Got paid yesterday and I jumped putting most of my investing cash this month into INTC (Intel Corp) since it was trading at about $28.50/share. I purchased it in January 2016 just above $30. The stocks have gotten whacked a bit and each day it's up or down depending (from what I can tell) on what was happening to oil.
Yesterday I purchased 25 shares of INTC at a price of $28.54/share or $720.50 in total (includes my $7 trading fee). This brings my total amount of INTC shares to 50 - which I am very happy with. I just missed the cut off date for owning the shares to receive the next dividend (paid on March 1st) but assuming they pay the same dividend ($0.26/share) in June, I will receive $13.00 for these 50 shares. That would buy me lunch (simple sandwich and drink)! I'm happy with that.
I'd like to make another purchase this month. It would most likely be for the ETF or a contribution to the Energy mutual fund since I won't have a large amount to invest. (I am trying to only buy stock and thus pay the $7 fee if I have at least $500 to invest.) I'll make that decision in the last week of the month. I may decide to hold off and add any extra funds to March's investing so as to buy more stock. (Currently I have about $150 at Vanguard sitting in the money market account - this will also go towards the next purchase.)
In the process of updating the various pages - should finish them this weekend.
Pru
Saturday, January 30, 2016
Savings Transfers Made This Week
Well this has certainly been a busy week! I'd like to spread things out a bit but we'll see how things go. End of the month may just be the time when I move funds.
This month I stuck to the plan for 2016 and transferred exactly what I *should* have:
- Rewire Account - $55
- G2H-FU Account - $55
- 2nd Home Account - $210
My 2016 goals can be found here, but I am to save $625 in each of my Rewire and G2H-FU accounts and an additional $2,500 in my 2nd Home account. 2016 is a catch-up/get-stabilized year so the savings and investment amounts are lower and will need to be supercharged beginning in 2017.
Pru
This month I stuck to the plan for 2016 and transferred exactly what I *should* have:
- Rewire Account - $55
- G2H-FU Account - $55
- 2nd Home Account - $210
My 2016 goals can be found here, but I am to save $625 in each of my Rewire and G2H-FU accounts and an additional $2,500 in my 2nd Home account. 2016 is a catch-up/get-stabilized year so the savings and investment amounts are lower and will need to be supercharged beginning in 2017.
Pru
Sunday, January 24, 2016
First transfers...set up!
Today I have initiated a few transfers! It's a Sunday so nothing is happening today but at least they are in the works :-)
- $700 will be transferred to my Brokerage account. (A little more than I expected but I had previously allocated $200 from my 12/31 paycheck without realizing it.)
- $55 will be transferred to my Rewire savings account.
- $55 will be transferred to my G2H-FU savings account.
- $210 will be transferred to my 2nd Home savings account.
Those transfers mean that I'm on track for 2016 goals!
I have also written my mortgage payment and have put in the allocated extra over-payment. Goal is 3% over-payment in 2016 and this month's extra amount equates to 0.20%. It's a start!
Next weekend when I have a bit of time, I will update all relevant pages and will add some trackers to the site.
On my way!
Pru
- $700 will be transferred to my Brokerage account. (A little more than I expected but I had previously allocated $200 from my 12/31 paycheck without realizing it.)
- $55 will be transferred to my Rewire savings account.
- $55 will be transferred to my G2H-FU savings account.
- $210 will be transferred to my 2nd Home savings account.
Those transfers mean that I'm on track for 2016 goals!
I have also written my mortgage payment and have put in the allocated extra over-payment. Goal is 3% over-payment in 2016 and this month's extra amount equates to 0.20%. It's a start!
Next weekend when I have a bit of time, I will update all relevant pages and will add some trackers to the site.
On my way!
Pru
Subscribe to:
Posts (Atom)