<< 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
...($156 @ 6/30/24)
...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
...($7,121 @ 8/31/24)
...$1,000/month, plus interest
...Topping off with snowballs

[ ]$7,500 to investments
...($3,691 @ 8/31/24)
...~~$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 @ 8/31/24)
...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% @ 8/31/24)
...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 @ 8/31/24)
...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

Deep Fryer?

June 3rd, 2008 at 09:35 pm

Does anyone have a deep fryer?

Not very bloggy today, but remembered I saw a cute little countertop deep fryer in the $50 range.

Was curious if anyone had one and what they thought.

I think this will be PERFECT for my Christmas wish list.

My MIL goes crazy over Christmas and it usually turns into big drama (God forbid I don't want anything for Christmas, but then when I Come up with something it's too expensive - though what they usually spend - or it's not practical - and on and on and on and on).

Kitchen things are usually safe.

Though then again it is MIL. She is OBSESSED with weight. She will probably HATE this idea.

Well, I'll try. Wink

So yeah, now that I think about it, I already know the answer to a deep fryer. Maybe I should ask for a similarly priced kitchen item and trade it in for the fryer. Wink

I was thinking for frying french fries and gyozas. I am sure I could find much to fry.

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

5 Responses to “Deep Fryer?”

ceejay74 Says:
June 3rd, 2008 at 10:00 pm 1212530410
1212530410

We like ours, but we don't use it very often. Partly for health reasons, but also because it uses a bottle of vegetable oil every time. At first we kept the oil and reused it, but I was fearful it would go rancid or something yucky like that. Also, we have to pour the oil back into the bottle and take it out with the trash; you can't pour it down the drain.

So, a little spendy and inconvenient in some ways, but it does the job well!

PS: I figured out how to post replies on your blog! For some reason unchecking "Subscribe: Notify me of additional comments to this entry" made it go through. That's too bad, but at least I'm posting!
monkeymama Says:
June 3rd, 2008 at 11:42 pm 1212536548
1212536548

I have the same problem when I reply at work. But I guess I don't need to be notified when I reply.
On reading some of the reviews I saw some of the newer ones use little oil. I guess that would be something to keep in mind. (I am not sure how "little" is defined).
baselle Says:
June 4th, 2008 at 05:39 am 1212557971
1212557971

Tempura!

Also, if you are running a diesel car, you can use the old oil. Or sell it.
monkeymama Says:
June 4th, 2008 at 01:40 pm 1212586842
1212586842

Hehe - my dh keeps saying no deep frying until we convert our car to run on used cooking oil.

Selling it isn't a half bad idea. Hmmmm...

Tempura sounds divine!
zetta Says:
June 4th, 2008 at 07:27 pm 1212607669
1212607669

One of my vegetable cookbooks is hugely enthusiastic about deep-frying just about every vegetable. The author claims they don't soak up much oil, and so it's not that unhealthy, but I'm not sure I believe him. Anyway, I haven't tried it myself, no deep fryer here.

(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

Deep Fryer?

5 Responses to “Deep Fryer?”

Leave a Reply