The market is being great to us right now. We now have $14,441 in retirement funds which is an increase of $262 from last month. That is 1.8% increase which if it was annualized would be over a 20% APY. I have no idea why the market is doing so well but it is nice to get free money. All we need is another $559 to have six months worth of expenses ($15,000), including COBRA set aside in retirement but we still have a ways to go before we have reached our mini-goal of $25,000. It looks like we will be able to start saving for retirement again come September since I should be graduating by the end of the summer. Because of that, I do expect to surpass the $15,000 by the end of the year but it is unlikely that I will reach $25,000 unless something crazy happens.
We are still using the Fidelity cash back credit card (https://www.fidelity.com/cash-management/american-express-cards) to save for retirement and unless something changes we don't plan to stop using it. I believe that I will have another $50 to deposit from it next month because of the cost of daycare, however, depending on when we pay, we may have the $50 by the end of this month.
Because of daycare and class expenses we are about $1000 in negative cash flow per month so until that changes, there will be no investing in the market.
No comments:
Post a Comment