I made $5000. Well, more like I had it already. I didn’t realize it though until I added it up.
Between all my accounts including retirement which I never added into my goal budget I have $5000 worth of assets. I didn’t include my IRA because there is a penalty for withdrawing that money until I reach a certain age. 59-1/2 I think.
But, I do have it.
So I guess my next goal is the big $10,000 mark. That would be big for me. I’ve never had that much cash I made myself available before.
I hope to have it by the end of the year. By 2018.
I should be getting a raise next week too for my one year review. I might be offered a higher-paying job as well. Either way I should be able to boost my savings a little bit.
I currently net about $400-$700 a month.
This is how I distribute the savings:
•$97 (about 15% of my income) between my savings and Betterment account every week.
•$72 to savings
•$25 to Betterment
• The balance goes to my checking.
This seems to be working pretty good. As long as you can scrape together a little bit of cash every week you’re on the right track. I have a budget set for my debt repayments and I have been working my way down from the highest interest rate account to the lowest. I pay the most I can comfortably while still having some left over to save and, you know, live a life.
My macro goal is to get $1000 into both savings (currently $750) and my Betterment account (currently $503) and have a months worth of spending plus 25% or so in my checking (currently $1150).
This should hopefully happen within the next few months and for sure by the end of the year.