Okay, normally I would not be happy to be spending money. Especially large sums of money. But this feels different. First of all, it is the official START to my year-long experiment. That just feels good, for some reason. Secondly, these are all reoccurring expenses so it isn't as if I have been surprised. Finally, I consider all to be long-term investments.
Here goes:
Mortgage Payment = $880.79
When I built my house I put 30% down and got a really low interest rate, so I feel pretty comfortable with my monthly payments. My payment includes my property taxes, but not insurance as I pay that separately through my insurance company. I do try to pay a little extra towards my payments when I can.
When I built my house I put 30% down and got a really low interest rate, so I feel pretty comfortable with my monthly payments. My payment includes my property taxes, but not insurance as I pay that separately through my insurance company. I do try to pay a little extra towards my payments when I can.
Money Market Contribution = $125
I have a higher interest money market account through my stock broker. Basically, I use this account as my 'long term emergency only' savings account. Periodically I will also use it if I want to purchase a stock or other investment. I contrbute $125 monthly to this account. It is automatically deducted so I can't "forget" to do it and go shopping instead. :)
I have a higher interest money market account through my stock broker. Basically, I use this account as my 'long term emergency only' savings account. Periodically I will also use it if I want to purchase a stock or other investment. I contrbute $125 monthly to this account. It is automatically deducted so I can't "forget" to do it and go shopping instead. :)
IRA Contribution = $200
I contribute $200 monthly to my IRA account, which is automatically deducted.
I contribute $200 monthly to my IRA account, which is automatically deducted.
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