I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!We finally hit our six month's expenses with yesterday's deposit into the emergency fund. I really felt like we would never get there. It takes a huge load off my shoulders. I will probably slowly work on rounding it up to $21,000, just because I like round numbers, but for now, we have done it and I am so happy.
$20,212.21 Starting Balance
+__,310.49 Amount Added
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$20,522.70 New balance
This brings our net worth up to $129,069.98.
Future EF goals, after we save for some other things, will be $42,000. But we've got a lot of other stuff to prepare for otherwise, like finishing the garden. One thing I want to do is slowly bump up retirement savings. We are currently contributing 16% of income to the 401K, and I am decideing whether we want to continue to slowly bump that up, or just save some money up and open a spousal Roth IRA for me. We've talked about it before, but were never in a place to do so.
I guess we will figure it out as we go. For now, it feels fantastic to have the second huge goal in our lives accomplished. The first one was paying off debt. Hitting milestones I never thought I'd hit when I started is amazing.
February 6th, 2022 at 12:59 am 1644109142
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February 6th, 2022 at 08:36 pm 1644179803
I like round numbers too!
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