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Goals reevaluated

August 20th, 2016 at 06:20 pm

It looks like we have enough money to cover a 12 months of expenses in an Emergency Fund. I will not be contributing to that fund anymore. I will now concentrate into splitting the monthly surplus three ways, saving or wealth building, Roth IRA and mortgage principal on the investment property (after all bill are paid). On a good month, the surplus is about $2K so I'm aiming for a little over $650 for each category. Once the Roth is fully funded I will divert the extra funds to the two remaining funds.

I decided to work the extra hour at work. It is basically an easy $30 an hour. I'll use that for fun/small repair or unexpected expenses. So that's the plan!

4 Responses to “Goals reevaluated”

  1. frugaltexan75 Says:

    Yay for easy extra money. Smile

  2. My English Castle Says:

    You're in a good place!

  3. monkeymama Says:

    Sounds like a plan!

  4. rob62521 Says:

    Yay on the extra money. I do think your using your other money to fund other things is a good idea since you have met your goal for the emergency fund. Yay you!

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