Since it’s almost June, I figured I should back it up and talk about April before the month completely escapes me. April was a great month. Still spendy as we finished up our big purchasing, but we’re starting to get back on track. We also introduced our children to a rudimentary budget we attached to the fridge. After each shopping trip (or for each field trip cost, piano lessons check, etc), they had to write the amount in the category it fit into and then deduct that amount from the total we set for the month (you know, like balancing a checkbook! Imagine that!). It went well. They started realizing how much things cost and got a better sense of: If we do this, we can’t also do that. We’re continuing it for May.
In other news, we managed to max out my Roth IRA by the deadline despite our high spending! I also headed to the office for a week and, though it is lovely to interact with coworkers, I do not know how people go to offices every single day.
Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (Also feel free to read my more in-depth review of Personal Capital.)
Mortgage is still at $ZERO!
Investments have moved to $262,900 (by the end of April). Again, cash hoarding now. But I’ll be adding our cash hoard to this stash as well. So “Investments” will basically mean all savings in all varieties. I’d love to hit $300k by the end of the year, markets willing. But LOOK! We now have a QUARTER OF A MILLION DOLLARS saved! And are halfway to our original goal of $500k! So very, very exciting!
2019 Financial Goals (REWORKED):
- Max Out My 2018 Roth IRA ($5,500/$5,500) – Thanks to the totaling of the car, WE DID IT!
- Max Out My 2019 Roth IRA (0/$6,000) – Not yet.
- Max Out Mr.T’s 2019 Roth IRA (0/$6,000) – Not yet.
- Replenish Emergency Fund ($1,200/$1,200) – Because our emergency fund is in a Capitol360 account so we can use it for free ATMs while traveling (but the account only earns 1%), we lowered our emergency account goal from $5000 to $1200. Then we changed this goal:
- Extra Investments ($300/$45,000) – Nothing new this month because we had to come up with the $2,500 to max out my 2018 Roth IRA. But we’ll catch up. $45k by the end of the year still seems like a big stretch. But you know, aim for the moon and you’ll fall among the stars or whatever. 😉
Notable Expenses This Month: The Story Our Money Tells:
These are expenses that tell an interesting story. A peek into our lives through our pocketbook (prepare to be judg-y this month!):
- $616.15 – My car needed new brake pads – bonus: They washed it!
- $35 – My haircutter moved at the end of April, so I had to chop off all my hair before she was gone!
- $699 – A new camera because ours stopped turning on.
- $690 – A new mattress – Mr. T has been wanting one for awhile since ours was 13 years old and starting to hurt his back a bit. I wasn’t on board until this month. I spent an entire weekend in bed sick and my back was killing me by the end of it. We ordered a new mattress that night.
- $69.85 – We took the kids to the local brew pub theater to eat pizza and watch the new Apollo 11 documentary. To celebrate the 50th anniversary of the moon landing, we’re headed to see the command module in Seattle this summer.
- $510 – The last of the ferry tickets needed for this summer’s adventures on the Alaska state ferry!
- $749.20 – Plane tickets to San Francisco in August to take Mr. T to see Hamilton! (It will be lovely to have another trip with just the two of us.)
These are things said by actual people that were either talking to me or near me enough that I could hear them:
- “I just want a credit card with no limit and that I don’t have to pay. Obviously there wouldn’t be jobs. I would just travel with it.”
- “I’m pretty behind on retirement after the attorney fees for my divorce.”
- “I know a lady that has no idea if they even have retirement funds. I mean, she’s nearing sixty and has no idea how much is left on her mortgage or if they even have anything saved.”