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Archive for December, 2017

Roth IRA

December 30th, 2017 at 07:07 pm

My first Roth IRA contribution for 2018 is setup to withdraw from my checking account on January 2nd. The goal is to have $2750 in contributions by June 30th and the rest by December 31, 2018. My intentions are to fully fund the Roth IRA in 2018. This year I was able to fully fund it for the first time ever.

2017 Ups and Downs

December 29th, 2017 at 07:15 pm

2017 Financial Ups

We managed to live on 50% of our income and save the rest.

We bought a two-family house which will produce income each month if it remains fully rented.

Both my husband and I are gainfully employed and hoping to stay that way.

Managed to pay an extra $5K to the mortgage principal.

Fully funded my Roth IRA for the first time ever.

2017 Financial Downs

Hubby's job has been very stressful

We paid $46 in interest on a credit card because I forgot to do an automatic payment. Live and Learn; totally mea culpa.

Personal Ups

Husband and I both celebrated our 27th wedding anniversary.

DS#2 graduated college with no debt.

Personal Downs:

I lost my Sister in March to complications of End Stage Renal Failure. I miss her every single day of my life. Miss her voice and her craziness.

I did not lose any weight Frown

My extended family were hit with a Category 5 Hurricane turning their lives upside down.

Hoping for a happy, healthy and Prosperous New Year for all of you! Happy 2018!


December 21st, 2017 at 04:11 pm

Mini Lofty Savings Goal will be at 13% tomorrow. Tomorrow is my last day of work 'till January 2nd.
Our Christmas expenditures came right about $200 including our share of the Christmas meal. The stocking idea pretty much helped us a great deal.

We are facing some uncertainties with my hubby's job so I want to be cautious and continue to save as much as we can to so that we can weather choppy waters. Unfortunately, I will not continue to knock off the mortgage debt until we have a clearer picture of where his job stands. I rather be safe than sorry.

Mortgage retirement funds (not including the state pension)is nearing the $100K. I know it is not much but considering I did not work outside the home in my twenties and majority of my thirties, I think it it's okay. We have some money tied up to real estate and we are fine with that.

Principal/Savings Goal

December 15th, 2017 at 05:53 pm

It was payday today. Mini Lofty Savings Goal stands at 20% and we've officially wiped 12 months from our 30 year mortgage by paying extra on the principal. That my fellow bloggers makes me really excited!

It's been bitter cold in New Jersey, making this Caribbean gal yearn for warm weather. I am, however, managing my Seasonal Affective Disorder thus far. Hoping for better temps soon.

Mortgage principal reduction

December 7th, 2017 at 02:50 pm

Extra Payment Savings

Extra Principal Paid: $4,179.52
Interest Saved:$9,166.85
Payments Saved:10
Current Loan Maturity:8/1/2046

$500.00 to savings and we are at 10% of the new Mini Lofty Savings Goal.

I'm trying to keep a balance between extra mortgage principal payments and savings. It is important for me (us) to continue saving.

I'm not sure if I mentioned this before but we are doing just stocking this year. We want to do a nice family outing to New York City in the spring. I rather not be in the cold so spring seems a nice time of the year to be in the city. I just have to buy for my great nephew.

Mortgage Principal and Savings Goal

December 1st, 2017 at 04:26 pm

It was payday yesterday and we were able to pay an extra $300 towards the mortgage principal. This is were we stand as of today:

Extra Payment Savings

Extra Principal Paid: $3,679.52
Interest Saved:$8,097.27
Payments Saved:9
Current Loan Maturity:9/1/2046 (not if I can help it!)

I expanded our "Lofty Savings Goal" another $10K by June 30th (the end of our employer's fiscal year) just because I need to remain focus and not become complacent with our savings. There is a pesky and hefty credit card bill due December 15th that has to be paid in full. We don't carry any credit card debt unless it is at promotional 0% interest rate.

I received a reimbursement from the optometrist in the amount of $45, a prescription reimbursement for the amount of $4.59 and $2 cash. A good mail day indeed.