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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.

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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.

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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.

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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."}

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My Pages

Bought My Netbook Today...

October 22nd, 2009 at 11:00 pm

If we had seen this first though...

http://www.bestbuy.com/site/olspage.jsp;jsessionid=895D870B0...

Just a PC, monitor, laptop, netbook, & wireless router, for $1199!

(We have monitors from the 80s/90s, and a PC - from the 90s as well - that's on its last legs. Talk about tempting!)

We did discuss the deal for quite a while today. Dh sent me the link, kind of as a joke. But he hadn't noticed the monitor was included too. He could have talked me into it. We would have returned the netbook I bought today - which would have made it a $800 deal for the rest.

BUT, not really necessary.

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

Anyway, ended up with a Toshiba Netbook. ALMOST went with Asus. If the Asus was in stock, would have gone with it because it was cheaper (& prettier). BUT heard REALLY bad things about the power supply, so decided to go with the in-stock Toshiba. We went test driving them last night, and we both really liked the Toshiba in the end. Good reviews backed it up. Dh bought it today since Windows 7 rolled out today.

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

I tested it out at lunch today, briefly. So far I REALLY like it.

To be honest, my laptop needs replacing. I am a laptop girl - love having the portability around the house, etc. BUT, the idea of buying another laptop has been hard to swallow.

We bought a pretty nice laptop in 2005 because dh envisioned using it more. So I am not thrilled with buying another one, just 4 years later. But it is on its last legs. Though we agreed to get a more low level laptop next round.

Anyway, I like the lower cost of the netbook. & it is fitting considering I do little more than internet on it. & the lighweight and size is pretty cool.

Talk about a bit of an impulse purchase though. VERY unlike us. All I can say is happy birthday to me. Big Grin

Truth is, I just didn't feel we had the money to spend on it right now (though laptop has been pretty bad for quite a few months). So when the money arrived, I was a little impatient.

Dh is also always hogging up the big purchases. Glad I got a turn! Big Grin

Posted in Just Thinking | 8 Comments »

8 Responses to “Bought My Netbook Today...”

homebody Says:
October 22nd, 2009 at 11:06 pm 1256249169
1256249169

Yes Happy Birthday to you! I really want a new notebook, but have to wait for my year of not buying anything to get it. If I still want it as 10/01/2010 and I still have a job, I will probably buy it.
frugaltexan Says:
October 22nd, 2009 at 11:58 pm 1256252283
1256252283

Happy Birthday!
I hope you enjoy your netbook immensely.
Analise Says:
October 23rd, 2009 at 12:28 am 1256254097
1256254097

Wow... you sure got a lot for the money. Hope they give you many years of use. PCs are definitely more affordable than Macs.

Oh, and Happy Birthday to you!
monkeymama Says:
October 23rd, 2009 at 01:03 am 1256256184
1256256184

Analise - we didn't end up buying all that.

My birthday is over a month away, but close enough.
momcents Says:
October 23rd, 2009 at 01:13 am 1256256797
1256256797

Never too soon to enjoy a great deal in honor of one's birthday, right?

Enjoy your new toy!
Broken Arrow Says:
October 23rd, 2009 at 03:38 am 1256265520
1256265520

I pre-ordered my Windows 7. Slight hiccup with the billing information, and now, it's delayed.

Oh, happy birthday!
Debtfreeme Says:
October 23rd, 2009 at 11:40 pm 1256337620
1256337620

Happy birthday!

And I just purchased that link you sent. I have been wanting a net book for a while and I have wanted to buy my mom a computer that works for 5 years. I am going to give her the desktop/monitor for christmas/birthday (her birthday is 5 days after christmas)

It seemed a good deal, does what she wants it to do after the purchase of the microsoft office stuff and I think she will be pleased and surprised.

The laptop will go in the closet for a while. the dell is ok but has begun acting funny and sometimes just shuts down on itself. i have the warranty and will get it fixed after i move in about 10 days but for the future or to sell or give to my sisters family in the future i have that second laptop.
monkeymama Says:
October 24th, 2009 at 03:10 pm 1256393421
1256393421

Cool! I shared because I thought someone would find it useful. It was quite tempting for us too.

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Bought My Netbook Today...

8 Responses to “Bought My Netbook Today...”

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