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We have about $46K in cash, of that 24K is our 6-months EF. I arrived at this number based bare-bone expenses. We have no other debt except our mortgage.
The remaining $22K are designated to the following (growing every month)
1) home renovation $6K - Goal 20-25K by Fall 2017. But we need to start some renovation by this summer.
2) Tacoma fund $3600 balance - Plan to grow this balance to 20K by the end of this year.
3) Christmas fund $1500 (Goal $2500). Expect funded in April.
4) Daughter's private school tuition due in June for next fall $4200 - current balance $6300.
5) ROTH Contributions $5500 fully funded end of May.
6) Summer vacation fully funded in January. I plan to sell VTHR 100 shares and buy more shares of Netflix. Yes, I'm going aggressive worth about 6% of our net worth in 1 stock.
My spouse will be receiving 2% pay increase this July (RN). As for me, I'm not sure how much. Our bargaining team have yet to bargain with the state. I suspect about 2% increase. With these raise, our plan to increase her contributions towards 403(b) contributions. I've changed our withholding allowances from 1 to 3 so I can have more take home pay.
Mortgage 15-year mortgage: Our target goal to pay off in 5-7 years. We are off target t(I mean way off this year). We just putting in extra $200.
The good news we are up 8% YTD in our retirement investments overall.
The remaining $22K are designated to the following (growing every month)
1) home renovation $6K - Goal 20-25K by Fall 2017. But we need to start some renovation by this summer.
2) Tacoma fund $3600 balance - Plan to grow this balance to 20K by the end of this year.
3) Christmas fund $1500 (Goal $2500). Expect funded in April.
4) Daughter's private school tuition due in June for next fall $4200 - current balance $6300.
5) ROTH Contributions $5500 fully funded end of May.
6) Summer vacation fully funded in January. I plan to sell VTHR 100 shares and buy more shares of Netflix. Yes, I'm going aggressive worth about 6% of our net worth in 1 stock.
My spouse will be receiving 2% pay increase this July (RN). As for me, I'm not sure how much. Our bargaining team have yet to bargain with the state. I suspect about 2% increase. With these raise, our plan to increase her contributions towards 403(b) contributions. I've changed our withholding allowances from 1 to 3 so I can have more take home pay.
Mortgage 15-year mortgage: Our target goal to pay off in 5-7 years. We are off target t(I mean way off this year). We just putting in extra $200.
The good news we are up 8% YTD in our retirement investments overall.