I just wanted to update on our status. Currently we have $27,625 in defered subsidized student loan debt. $8,500 of that debt is DH's student loans and will be forgiven by the state over the next 5 years. The rest are my student looans due 6 months after I graduate. We currently have around $1500 set aside for this. It is on my savings plan.
I am currently putting around $650 away for a down payment and another $650 away to buy a car. October will be my first contribution to my Roth IRA at $416.67 per month. These comprise my savings budget.
Outside of the savings budget is more money. We have $50 a month going to my husbands 403(b) off budget. $200 of our Needs funds an Annual Bills account. We are adding a $200 item to Wants to boost our efund before we begin trying to conceive.
So there will be a lot of saving going on. I have figured that if we increase our savings by 2% a year from our base amount of $1680 per month, we should meet our current goals. Thankfully we are already beating our yearly goal for 2010.
A Little Status Update
September 23rd, 2010 at 04:33 pm
September 24th, 2010 at 11:20 pm 1285366809
Jerry
September 25th, 2010 at 02:30 am 1285378209