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Plan of Action – EF, Debt and Retirement

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As any one who has been reading me long knows, I keep myself motivated during this debt payoff journey with small baby step plans. It’s been a while since I had one since my two remaining debts are quite large…

And as previously mentioned, I do think I need to start putting something toward retirement

So here’s my short term (baby step) plan…

For the remainder of October through December, I will continue with my current budget. Paying the minimums as listed toward my two debts. But putting all additional income toward my EF. If I continue making the same amount I have the last few months, I will reach a solid 4 month strong EF by the end of the year.

Then I will diversify a bit and split my additional income between a Retirement plan, not sure which one yet, and putting extra money toward debt payments. I have decided to prioritize the car debt over the student loans at that time.

Raspberry tea to close out a long day of walking around colleges

Raspberry tea to close out a long day of walking around colleges

I will redo my budget in December to take into account these plans AND adding a line item to save towards Princess’ last year of high school. More to come on that in then…

Life has been very good to us this year. Steady and quiet. A change from our last few years. I am so grateful for the respite after jumping from emergency to emergency.  I am now working on business plans for next year along with putting some personal goals down on paper.

 

 

 

 


So, what do you think ?