In keeping with the simplifying of my finances... and the fact that I can't keep commit to a single decision i make lately... i'm changing things again because I need to feel secure... and right now I don't feel secure.... I'll start small with a confession.
I was sad to see my Future W fund since the "future" is so uncertain. So i got rid of it. I rolled the money over into my House Downpayment fund. Who knows when it will come back, but for now its one less account to worry about... and to think about.
I also decided that I would rather have my Real Emergency Fund larger then maxing out my Roth. I'm 21... I can wait a little bit before I aim to Max out my Roth... and right now I think i'll feel better knowing that I'll have a true Emergency Fund if an emergency comes my way. Inorder to do this, I had to revamp the budget. I broke it down by Paycheck on one of the sidebars, but here's what I ended up with:
- Groceries $170.00
- Basic Home Stuff $45.00
- Gas and Car $200.00
- Electric and Cell Bill $100.00
- Insurance [car+ renters] $127.00
- Fun Money $50.00
- Roth IRA $100.00
- Emergency Fund $217.32
- Invisiline $379
- Gifts Fund $50.00
- Laundry $20.00
- Rent $600.00
- House Dp Fund $50.00
I have $100 left over at the end of each month to help with Holiday shopping and random end of the year expenses.
Financial Priorities for the remaining bit of 2007:
- Bring Emergency Fund as close to $5,000 as possible
- Focus on eliminating my last debt AKA "the Invisiline"-- I can't move out or begin to save to move out with this taking $379.00 a month and I think i'll feel better when its gone.
- Keep my Roth contributions at least $100.00 a month and put at least $2,000 in my Roth for 2007.
~*~*~*~*~*~54 Days Until I Graduate College! ~*~*~*~*~*~
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