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Archive for the ‘savings’ Category

MUMday

This week I am updating my savings progress. My hope is to have a total of  at least $250,00 in my retirement and emergency funds by the time I hit 60.

As  of  June 30, 2012 I have $169,348.81 which is 67% of my goal.  That means I need to save approximately $708/month or $8490/year to reach the goal. And of course the stock market needs to have more ups than downs in that time frame.  We’ll see how it goes.

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End of Year Wrap Up

Well, I had some success in meeting some goals but fell short in many areas. As I move forward I’m making a shift from thinking about the end goal and instead thinking baby steps. If I just keep thinking about the next step it should be easier to feel like I can make progress.

In the area of fitness – I didn’t hit my goals but I did make some progress. I’ve lost over 5 pounds, my waist is 1.75 inches smaller and my belly is 1.5 inches smaller. I learned about weight training from a personal trainer and I did some walking with friends. I’ve become more aware of what I’m eating and I’m moving more.

Our emergency fund and retirement savings received some help from an inheritance from my MIL.We weren’t able to add much ourselves with DH not getting a paycheck for most of the year.

I did do some decluttering and reading but I haven’t had a chance to update those lists yet. I’ve become a bit more regular in my blogging habits and hope to continue that next year.

Hope everyone has a happy, healthy and prosperous new year.

Savings Update

There is good news and bad news.  I’ll start with the bad – our investments went down in value. The good news is that DH’s  Beneficiary IRA has been transferred from his mother’s account to his retirement accounts. Therefore we are up to 143,785.42!!  Now if we can just keep it up there. Hopefully he will soon start getting a paycheck and we will be able to start investing again.

Be back again tomorrow with the fitness update

Decluttering

I’ve been reading about decluttering and think I’m going to give it a try again. One of the blogs I’ve been reading, 365lessthings.com, chronicles a year in which the writer got rid of one thing each day. I tried that once before and I think I’m ready to do it again. She managed to sell quite a bit of her things and that could be helpful to my savings quest. 

I don’t have a lot of stuff that I can sell but I might be able to round up a few things. Even if I don’t make a lot of money it would be good to be rid of some of the stuff that is taking up time and space. In fact I just might force encourage my children and spouse to do it along with me. Not one item everyday for them but maybe a numerical goal for each of them. I’m thinking of doing it over summer break. My boy coulddo one a week and my girl could do at least one a day – would love to see her do more. I have a few weeks to plan my strategy and introduce the idea.

Savings Update

Our retirement fund is now up to $133,048.77!  Part of the increase comes because I found out that I hadn’t updated one fund for 2 years and the rest of the increase is due to some money being put into the funds and the overall improvement in the funds. This means we are now over halfway to the goal!

Our emergency fund had a hefty contribution thanks to an inheritance but now comes the inheritance tax. Not sure just how much that will be. We will need to add some more to reach my desired minimum but it is pretty close.

With prices going up, I need to work a little harder at making sure that I keep my expenses down.

Back to the Beginning

Lately I have gotten off-track – in life and here on the blog. This blog was originally started as a way of recording progress on 6 goals that I had.  But I have drifted away from that focus because of my desire to get fit this year.

I really want to get back to my original goals in addition to the fitness focus. I am going to try to update the old goals and then come up with a plan to keep up with all of my goals.

Since I have recently received most of my retirement quarterly reports I will start with that goal first.  I hope to be back with that information tomorrow.

A Little Bit of Everything

Can’t believe that the year is almost over. There was so much more I wanted to do but perhaps next year. I hope to get better or a least more consistent in posting  my progress next year.

I have read 60 books on my way to my goal of 1500.

I have taken 4 glass classes and created a variety of items. More to come on this.

I have started to try to find ways to save more money.

I have looked at various companies that sponsor trips to the Galapagos Islands.

I have looked into possible retreats for next year.

I had a discussion with the girl about her quilt. Now we need to come up with a design and fabric.

So, I can look back and say I made a least a tiny start on all of my goals and that makes me very happy.

I’ll try to be back soon with more details.

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