I am currently re-working our budget for this year. If you remember, it began in January as my New Year's resolution. I.. took a break.. for a few months and am starting back again so I decided to make the new budget (which includes house and Molly) go from July09 - June10. It works out well since we get our new salaries this time of year at my company. I had plans to revamp my budgeting model I put together but once I started I didn't feel like doing that anymore so instead I just reworked the categories and numbers.
Now, I know this is a very simple financial question and one that I can find the answer to on the internet, but I am always looking for good advice from friends. What do I do with our savings?? Currently I contribute to my 401k but beyond that the money just sits in an account and makes a little interest. I want to plan a specific amount to save every month and actually put it somewhere useful. So, what is the next account or whatever you go to after a 401k? I have a Roth IRA that I haven't contributed to in about 2 years :-/ Is that where it goes next? Or should we buy CDs or something? Any amateur financial advice is greatly appreciated :)
We have been continuing work on the basement in hopes that it will actually be use-able someday soon. This weekend Matt put in a new door (one that can't be easily broken into like our last one) and we also took up all of the old linoleum tile from the floor, cleaned the floor, and so far have painted one coat of this water proofing stuff on it. Once the second coat goes on and dries, we are clear to put our cheap rugs down there and move stuff down there - yey!! Here is a lesson in construction work - Matt got a piece of wood in his eye this weekend while working in the basement - NOT wearing protective goggles of course. It was really bad yesterday (Sunday) but we didn't think it was worth it to go to the ER and thought it was a scratch that would heal itself. This morning it was still bad so he went to the opthamologist this afternoon and sure enough there was wood in there (I couldn't see it when I looked yesterday). So he's all better now and it only cost about $50 out of our flex spending account so all in all not that bad except for the pain he went through!
We will be busy cleaning the house for the next two weeks to get it ready for our party. I also want it clean this weekend because my mom and sister are coming to stay - time for the Peachtree road race again!! Speaking of running, I have stuck to my marathon schedule so far which is really exciting. Three miles Tues-Thurs last week and then 6 miles on Saturday. It feels great!
Now for some pictures that I haven't posted yet. These were taken on Father's Day at Matt's parents house.
Molly in the plants
Matt working the grill
Me with Molly in the plants. I was trying to get a perspetive of how small she is because when her cousin dog Thomas lays in the he takes over them and she gets hidden in them.
3 comments:
I think the new suggestions are to have at least 6 months (preferably 9 months)in "cash" in case you need it. That being said I've just got a savings account.
Talk to Kyle - seriously. He's helped out a lot of people (not just clients... although he does help them out too). Yall could come over one night and get his thoughts on things. He has a pretty wide-range of knowledge since they help their clients out with everything that could possibly involve money.
Check out Dave Ramsey's investment advice. If you haven't read his book The Total Money Makeover, I'd suggest you do. (We have a copy you can borrow!).
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