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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.

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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>
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

Free Deals

November 26th, 2010 at 06:02 pm

**I just finished ordering my free 8x10 collage - Walgreens.

Decided to just do some Hawaii pictures.

It's a good promo because Walgreens is the only store we have within walking distance. (Can pick up in store). I was checking out their picture options and comparing to Shutterfly. One of these days I would like to print out some of our photos. Since the digital age, our pictures primarily seem to be stored online. I am sure there is lots of competition out there, too. But Walgreens is pretty darn convenient.

So I figured, what the heck. Print some Hawaii photos. We have some frames laying around. Will think of Walgreens next time I need photos. (Said could be ready in one hour! Pretty sweet!)

**I have $3 free MP3 from Amazon. I will have to ponder what I want to get since I paid for a few MP3s rather recently. It had been a long/dry spell between promos.

Of course, if I can't think of something, I am sure dh could use it (he already spent his free $3).

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

I think free collages and free MP3s will be the limit to our Black Friday purchases. We have no shopping plans for today.

Sometimes dh is enticed by something, but this year only the online deals have been enticing. I know he has been picking up some Blue Rays on deep discount this week.

Posted in Just Thinking | 4 Comments »

4 Responses to “Free Deals”

NJDebbie Says:
November 26th, 2010 at 06:23 pm 1290795818
1290795818

Great!
Homebody Says:
November 26th, 2010 at 06:47 pm 1290797269
1290797269

We use Walgreens a lot and I get the e-mails that tell me what the photo specials are, and I get all the free collage or sometimes plain 8 x 10 phots!
MonkeyMama Says:
November 26th, 2010 at 09:14 pm 1290806076
1290806076

HB - I signed up for the e-mail notifications. I rarely do, but figured it would be worthwhile.
MonkeyMama Says:
November 26th, 2010 at 09:21 pm 1290806492
1290806492

P.S. I already got my Walgreens print. Quality was okay (I crammed 10 or 11 photos on the collage!)

It took about 2 hours for it to be ready. Dh was going out so I checked my e-mail, and it was ready. Asked him to pick it up.

I was impressed with the speed!

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Free Deals

4 Responses to “Free Deals”

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