<< Back to all Blogs

About Me:

Monkey Mama

Just a 47-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.

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.

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

2024 Goals

[ ]Small monthly Charitable Contribution
...($230 @ 8/31/24)
...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
MM YEAR 5

DL YEAR 1 ✔
DL YEAR 2 ✔
DL YEAR 3

[ ]$10,000 to savings
...($7,749 @ 10/31/24)
...$1,000/month, plus interest
...Topping off with snowballs

[ ]$7,500 to investments
...($4,786 @ 10/31/24)
...~~$350~~ $400/month, plus snowflakes
(Snowflakes: credit card rewards and dividends)
...Topping off with snowballs
...Note: Bumped up to $400 9/1, re: reduced food expenses

[ ]$2,025 to mortgage
...($0 @ 10/31/24)
...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% @ 10/31/24)
...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 @ 10/31/24)
...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.

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

**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>
2023: +$ 90,000
TOTAL: +$570,000

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."}

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

My Pages

Another Focus Group

August 23rd, 2007 at 07:38 pm

$20 challenge:

$8,208.32 - Balance 7/31

$ 60.00 - Focus Group

------------------
$8,268.32 - Balance 8/23
------------------

Dh did a focus group on music last night. It was a little shorter than the last one and paid $60.

But he netted $135 in just 25 days.

Not bad, not bad at all...

They called me and invited my daughter and I to one for $35. Since I don't have a daughter, didn't work out, but I forwarded it to my friend who has daughters in the age range. Her and her husband work many many jobs and I knew she would appreciate the easy money. Not sure why I didn't mention to her sooner (duh moment).

Dh obviously fits the demographic and the kids help too (kids were invited to one already - just happened BM was out of town with grandma). I have yet to make it to one, but if dh and I could average one a month that would be a pretty sweet income stream. Another $1k-$2k/year with little effort?

Probably won't last forever as they get more of a database going, but they keep calling dh up for these $200 focus groups he does not qualify for in the Bay. (Disqualified by zip code). So for whatever reason he is wanted.

I am not in a favorable demographic apparently. Or one that is too saturated I guess...

Which reminds me I think I am out on surveys. I realize I feel like I have done 100 surveys for NFO and am just hitting the $5 mark. I can't even cash out until I make $10. I decided I am out. I just don't have the time for these. I haven't found it to be as easy as it seems... I could spend that time writing articles instead... Or working overtime taking home $25/hour. So I'm out... (I also applied for Pinecone and they didn't want me. It probably does not help that I rarely shop so why I am not good survey material).

ETA: I would probably have some cookie lee money too but I yet to receive the catalog that came out about 11 days ago. ?????????????????????? I am peeved. To hell with MLMs. LOL. Just weird - I will cash in soon enough though. Well, if I ever get the stinkin' catalog. I got 2 people wanting to order though if it ever arrives. Though it's not challenge money. But it's money. Big Grin

Posted in | 2 Comments »

2 Responses to “Another Focus Group”

debtfreeme Says:
August 24th, 2007 at 08:30 pm 1187983846
1187983846

any of these focus groups in sacramento? let me know too!
monkeymama Says:
August 29th, 2007 at 09:13 pm 1188418407
1188418407

Yes - I just emailed you.

(Note: If you were logged in, we could automatically fill in these fields for you.)

Name:	*
Email:	Will not be published.
	Subscribe: Notify me of additional comments to this entry.
URL:
Verification:	* Please spell out the number 4. [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]

Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Another Focus Group

2 Responses to “Another Focus Group”

Leave a Reply