So yesterday FedEx came buy with the certified letter. H has been riffed again. He says I shouldn't worry as this year he is going to attend more job fairs and they are laying off less people. I hate Union negotiations because every year they cause this stress to our family. I really can't wait until he has enough seniority to be past this point.
On that note, I reassessed our savings goals. I often use the calculators at CalcXML (http://www.calcxml.com/english.htm) and they have a handy one for saving goals where you can increase your contributions every year and calculate your yearly contributions to meet a goal. I did this for all of our ridiculous numbers of goals. I assumed a conservative 2% growth in our income.
With this estimation, right now our extra income will only go toward the Downpayment and the Barebones Retirement goals. Barebones Retirement is for age 75-100 whereas my Goal Retirement is age 65-100.
Does anyone know of a good way to calculate our "snowball" savings using an increasing amount of yearly contribution?
Riff Notices!
March 13th, 2010 at 08:07 pm
March 13th, 2010 at 09:46 pm 1268516768
March 13th, 2010 at 09:48 pm 1268516915
March 13th, 2010 at 10:31 pm 1268519479
March 14th, 2010 at 10:12 pm 1268604732
I think the link for the calculator "What will my current savings grow to?" may be what you are looking for, but there are lots of different calculators to choose from.