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Retirement Planning Goal

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I am still rolling my plan around in my head. Balancing debt pay off, savings and possibly retirement planning. I appreciate the well thought out responses to my post about looking toward the future.

I realize that debt payoff is my number one goal. There should be no doubt about that. But I am wondering, as I mentioned, if I should at least start a retirement account. I won’t do that until my EF is full funded, but that should be done by the new year.

But this is essentially what I am considering as I make a plan. With a goal of starting it by the end of October.

So I’m here today to ask if anyone has set “retirement goals” as far as a set amount saved? And if so, how did you come up with that amount? Have you thought out a budget for your retirement years? Do you know of any resources for researching these types of numbers?

Side Hustle Money

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My side hustle has begun to pick up again. I guess the first of the school year honeymoon period is over and teachers are ready for occasional breaks, have sick kids or have conferences to attend. This year I limited myself to just subbing for the high school. I did this for two reasons:

  1. I much prefer this age group. The middle school is okay, but I know I don’t have the temperament for elementary school.
  2. The block schedule (longer classes) is much more conducive to me being able to get some of my own work done versus changing classes every 45 minutes to an hour.

I’m continuing with the same plan for this money as I did last spring…just letting it build up in a savings account. I am paid once a month and have it direct deposited into its own account. So I truly never see it unless I go looking for it.

In fact, when I was paid this past week, I was surprised. (My first paycheck from teaching since last May.) It’s not a lot, well, depending on how often I get called. But an extra $69 a day is a decent wage for just sitting and monitoring kids doing work. It really is a great side gig. And I enjoy “teaching” the kids. I miss that aspect of homeschooling and the classes I taught at our co op.

At this point, I do not and have no plans to include this income in my budget. First it is too variable. And second, I have no plans to use it for the time being, just letting it grow.

I also set up a account on Rover.com to pet site or walk dogs a few weeks ago, but no hits on that. I’m not surprised seeing as we live in a tiny little town. But I will keep it active just in case. Do you have a seasonal side gig that you enjoy?