Retirement Plan
July 1, 2009Re-financed my home from a 30 year fixed loan at 6.75% interest to a 15 year fixed loan at 4.5% interest. This saves me a whole lot of interest, plus my goal is to add extra to each payment to have it paid off in 10 - 12 years.
Pay off all of my debt and get back to being debt free. I am down to three credit cards left. I had nine debts in September 2008, I have paid off 6 of them totalling $11,165.43.
Different Accounts.
*Regular Checking Accout - My income is direct deposited into this account first. This is the account that I use to pay all of my bills and auto deposit money to other accounts.
*Long Term Account - ING. Money is automatically deposited into this account every month.
*Freedom Account - This is for property taxes and schooling costs that come up twice a year; along with $1000 extra for emergencies. Money is direct deposited into this account every month to cover what that cost would be.
*Need to open a different savings account to be able to pay cash for my next vehicle. My vehicle is a 2009 Jeep Grand Cherokee with 110,000 miles on it. I am sure I can get at least another 5 years out of it.
My goal is to keep working as long as I can, pay off the rest of my debt, including my mortgage within the next 10 years while saving and investing as much as I can.
Don't buy what I don't need; See if I can borrow it or find it for free or extremely cheap on craigslist, ebay, etc.
Keep my grocery costs down. I would actually like to be like the woman whose grocery budget is $800 year by using rebate cards, ECB's and such. Grow more of my own food, do some canning and freezing.
And, just live Life to it's fullest, enjoy my family and do some vacationing, all while on a budget.