Financial Update-April 2017

image~Giving up on your goal because of one setback is like slashing your other three tires because you got a flat. 

The last two months have been anything but normal. I had surgery on my elbow to remove a benign bone tumor & am currently in physical therapy to regain mobility. It has been physically challenging as well as emotionally & financially. We have money set aside for the medical deductible & co-pays which is a blessing. It feels empowering to “weather” this storm. Things like this do & will continue to happen in life & we just have to plan as much as we can & let everything else happen.

As you may recall in March we became debt free except for our home.

1) Pay off vehicle loan by August 2017

DONE ✅

2) Change both of our 401k contributions to 12%.

-Working on it! As of now I have changed my contributions to 12%. Husbands is at 8%. Hopefully this will be complete by the end of May. I had indicated in last month’s update that we were planning on saving 13% but at this time I feel a need for more wiggle room in the budget. Will adjust once I have more of a comfort level of the numbers.

 

4) Start paying down our mortgage faster so that we can be totally DEBT FREE! Currently we purchased a home Sept 2015 on a 15 year mortgage so we have approx. 13 1/2 years left!

-More information to come on this!

~Rachel

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s