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About Me:

Monkey Mama

Just a 46-year-old mom of 2 in Northern California. My kids are Monkey Monkey(MM) and Drama Llama (DL). I am married to Monkey Hubby (MH).

We were a one-income family for 13 years. In late 2015 my spouse returned to work (minimum wage/part-time/seasonal). Something recent on his resume just buys us more options for the long run. The main benefit of this job is that he just works while the kids are in school. As always, we are saving 100% of his income.

{2023 Update: I expect that MH will retire from this job when kids are done with college and/or home is paid off. I think he likes the idea of finding more interesting or full-time work, with kids both adults now. But practically, might just stick out the *good* and very flexible job as long as possible. The very part-time job is allowing him to pursue his film passions. We are only about 5-ish years away from financial independence. Would be very different if we "needed" the money or he thought he might have decades of working years ahead of him.}

We saved a lot while we were very young and also moved to a lower cost-of-living area, to make life much simpler. We still live in California though (in one of the most expensive regions of the U.S.). *Simple* and *inexpensive* is relative.

Likewise, we have never had debt aside from our mortgage.** My blog is a testament to how much simpler life is without debt; how we have that much more money to both save and enjoy!

**Caveat: I have no problem whatsoever with credit cards paid off monthly, or low-risk credit arbitrage (for example, 0%-interest debt while earning 5% on FDIC-insured cash). These are the kinds of debt we have had. Just not interested in high-interest debt, using debt to buy beyond means, and not interested in the hassle that comes with loans and payments. With age and means, the latter (hassle) is our biggest debt avoidance motivation.

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2024 Goals

[ ]Small monthly Charitable Contribution
...($35 @ 1/31/24)
...Trying to be more mindful about how the little amounts add up and are helpful.
...This is not an all inclusive list of charitable giving but it is a new habit I want to add in addition to other donations of time, goods and money

[ ]Pay cash for college
...This is so much a given, to me. But I realize not everyone can read my mind, and so will memorialize in my goal list.
...#1 We don't do Debt
...#2 The student loan system is a scammy and corrupt mess.
...Seriously, wouldn't touch these student loan servicers with a ten foot pole.
MM YEAR 1 ✔
MM YEAR 2 ✔
MM YEAR 3 ✔
MM YEAR 4

DL YEAR 1 ✔
DL YEAR 2

[ ]$10,000 to savings
...($4,529 @ 3/31/24)
...$1,000/month, plus interest
...Topping off with snowballs

[ ]$7,500 to investments
...($1,750 @ 4/30/24)
...$350/month, plus snowflakes
(Snowflakes: credit card rewards and dividends)
...Topping off with snowballs

[ ]$2,025 to mortgage
...($0 @ 4/30/24)
...Topping off with snowballs and/or excess cash
...Keeps us on track with $10K principal paydown per year

[/]9% of household income to work retirement plans
...(9% @ 3/31/24)
...This is the minimum for the match; I'd otherwise rather fund IRAs.
...Note: Total retirement savings rate is 20% (with IRAs)

Goal savings rate = 25% of gross salary, plus funding IRAs from other sources.

[ ]$14,000 to IRAs 2024 (MAX)
...($0 @ 4/30/24)
...Will fund with MH's income
...Will not fund until the year is over. This is for tax and planning reasons. I won't know what mix of Traditional/ROTH IRA we literally can contribute until we do our 2024 taxes. In addition to that, can make a more informed decision based on our financial and tax situation for the entire year.

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**Long-Term Goals**

[X]$500,000 in retirement accounts by age 45.

Current big picture goal:

[ ]$1 Mil in retirement accounts by age 52.

Stretch Goal: Achieve by age 50

Have decided to pretty much stay the course. Keep saving 20%+ to retirement. This means taking 401K match & maxing out IRAs.

NOTE: WE HAVE NEVER CONTRIBUTED LESS THAN 10% TO RETIREMENT. NO EXCEPTIONS.

If we can't achieve at least 10%, then something else has to give. I share because it's infinitely easier to save for retirement if you start early. Let the investments do the hard work for you.

-------------------------------

Debt: $85,000 mortgage
{Home Purchase Price $290,000}

Ongoing goal is to *never borrow money again.*

Took on a $230k mortgage in 2001 and have not added to that.

-------------------------

Net Worth: Increase net worth by $600,000 in the next 10 years. This is my "financial independence" goal.

2017: +$ 70,000 (partial year)
2018: +$ 51,000
2019: +$105,000
2020: +$104,000
2021: +$215,000
2022: <$ 65,000>
2022: +$ 85,000
TOTAL: +$565,000

This is in line with prior goal, saving 100% of our expenses every year.

{Our expenses are far more consistent than our income. Also, helps to prevent "living up to income."}

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My Pages

Breakfast for Four

July 3rd, 2010 at 05:26 pm

Eggs: 15 cents
Potatoes: $1
Smoothie ingredients: $1?

Breakfast $2.15?

-------------------------------------------------

Of course, I did use all of this for breakfast (more than the bigger/stand alone/easy to price items):

2 eggs (dh/BM not into the eggs)
sprinkling of cheddar cheese, some milk
salt, pepper

3 potatoes
paprika, garlic, salt pepper

plain yogurt
1/2 can frozen juice
bit of apple juice
frozen strawberries

We had a nice feast today - scrambled eggs, fried potato wedges, and smoothies. YUM!

I only share, because we too often hear that "eating healthy is SO expensive." I won't win an award for healthy eating, but it is hard to get much simpler/cheaper than this. It doesn't get much more basic than eggs and potatoes. My smoothies have the processed juice (sometimes) but sure beats plain juice or soft drinks, or whatever else the average american drinks every day. We are mostly big water drinkers. We did have tap water with our smoothies.

On the eating out end of the spectrum, the kids are actually now free at IHOP, indefinitely. (You just have to ask, when they bring you the bill). Home made it much cheaper, much healthier, and WAY tastier though. Big Grin

Posted in Just Thinking, What We Eat | 5 Comments »

5 Responses to “Breakfast for Four”

skydivingchic Says:
July 3rd, 2010 at 06:02 pm 1278180136
1278180136

I always use light vanilla soy milk in my smoothies instead of juice. It adds some protein and creaminess. Yummy. This morning I am enjoying a smoothie made with pineapple, banana, orange, yogurt, and soy milk.
HouseHopeful Says:
July 3rd, 2010 at 09:08 pm 1278191331
1278191331

Your breakfast sounds really good! I like to do homemade breakfast potatoes. A little seasoning/spices, some olive oil. YUMMM!
whitestripe Says:
July 3rd, 2010 at 09:58 pm 1278194288
1278194288

how many eggs did you use for 15c? the eggs we buy are about 42c each i think areas have a lot of impact on prices of things.
Swimgirl Says:
July 4th, 2010 at 04:11 am 1278216710
1278216710

My son, an athlete, eats at least 6 eggs when we do eggs for breakfast. Then he has perhaps 4 pieces of toast, a whole blender full of smoothie (we make two batches--one for him, one for the rest of us), and anything he can find leftover from the night before.

And he's hungry 2 hours later.

Enjoy those days of your children eating little!
MonkeyMama Says:
July 4th, 2010 at 07:27 pm 1278271663
1278271663

2 eggs. We got 18 eggs for $1.50.

swimgirl - I wouldn't say my kids eat "little," BUT, the writing is definitely on the wall for the teenaged years!

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Breakfast for Four

5 Responses to “Breakfast for Four”

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