Posts Tagged ‘Retirement Savings Fund’

Ok so here we are, still passing through each day step by step just trying to get by – so where are we?

Well the Non-Profit is done with our application, the only way they’ll pay it out and close with us is if we come up with 1-months payment, $852.14, as a gap payment.

Then I got a letter from the DMV/State of NC telling me that due to a missed court-date outside of Raleigh in April I have to now pay the past due taxes on Silver, roughly $495.00, or they’ll suspend my license.  I got a ticket for the tags being expired when I went to the Chapel Hill burn center in February, didn’t go to the court-date because the courthouse is 2.5 hrs away and I knew I’d not have it resolved by the time the court-date rolled around.  Then I forgot to call for a continuance – so here I am.  Ugh.

We know I need my license, that’s a given – so now we’re trying to figure out our next steps. I’ve requested paperwork to close the 401K I had through my previous long-term employer, roughly $3,100.00, after taxes/fees we’re looking at about $2,800.00.  So going to use this money to pay both the gap funds and the taxes on Silver.  Then whatever is left will be used to pay our water bill, $245.00.

We’re trying to decide our next steps, my bi-weekly checks are somewhere around $391.00 are not enough to cover all of our bills. So I am still looking for another either full-time or part-time job to help cover the gap.  The State’s stopped by UI funds – and we now have to re-up our food stamps again.  So I am just at my wits ends.

So here we are – losing sleep – possibly losing Silver again – and just trying to figure out how our life is going to pan out in the coming months.

Yesterday I discussed ways to recover from financial debt mis-management and one item that was suggested was to create a Financial Goals Look Book to refer back to when you begin going off of your path, today I am going to create a mock-up of that book here – I realize that the article meant a real-life physical one you could hold in your hand, seeing as how I don’t have the resources to do as such today I am going to put it here.

So Enjoy!

First and Foremost: Paying Off the Car so we can Allocate that Monthly Payment ($336.98) to the Mortgage

Car Paid Off

Second plays off of the above, Financial Stability – I figure once the car is paid off and we can put that money back into the mortgage our finances should semi-stabilize

FinancialStabilityCircle

Then from the above, we can begin to build two separate savings accounts; #1 an Emergency Savings Fund

retirement-emergency-savings

And then maybe simultaneously #2, a Retirement Savings Fund – we’ve started t his with our 8% Merrill Transfers each Week, Now we just have to Stay out of That Account

Retirement Savings

Then somewhere along the line maybe, just maybe we can get and stay Current on All of Our Utilities

articleheaderimg_resources_utilities

And then maybe we can begin putting money aside for some kind of Family Vacation – something we’ve NEVER done outside of traveling to and from Maryland to visit family – I’d love nothing more than to take the kids on a real vacation, to say Disney (cliche I know, but it’s truth!)

Mickey & Minnie Vacation

And them maybe we can begin allocating funds to invest back into our home, there are two things  I’ve love to do more than anything: 1 is to replace the sash’s of two broken windows, and 2 is the replace the flooring in our main living areas from the icky grungy contractor grade carpet and tile we currently have to maybe some Pergo/Laminate Flooring

Pergo Flooring tilt-sash-replacement-window-300x212

And I figure in order to do some of the above we need to either find new jobs or maybe find some extra income – and I can do that by maybe just maybe finding a way to get paid to do book reviews!

Paid Book Reviews

So that’s the basics of my look book as new goals arise  I’ll add them here!

Images Borrowed from:
http://www.fiscallysound.com
http://www.diaryofasahm.com
http://www.paidbookreviews.org
http://www.dhs.state.mn.us
http://www.blog.equifax.com
http://www.annuityguys.com
http://www.earlwood.org
http://www.replacementwindwosadvisor.com
http://www.blogs.newsobserver.com