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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. We've always saved 100% of MH's income, but we are starting to dial that down a bit in 2023-2024.

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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2025 Goals

[ ]Small monthly Charitable Contribution
...($0 @ 1/1/25)
...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
...($0 @ 1/1/25)
...$1,000/month, plus interest
...Topping off with snowballs

[ ]$5,000 to investments
**STRETCH GOAL $7,500**
...($0 @ 1/1/25)
...$300/month, plus snowflakes
(Snowflakes: credit card rewards and dividends)
...Topping off with snowballs

[ ]$1,700 to mortgage
...($0 @ 1/31/25)
...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% @ 1/31/25)
...This is the minimum for the match; I'd otherwise rather fund IRAs.

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

[ ]$6,000 to IRAs 2024
**STRETCH GOAL $14,000 (MAX)**
...($0 @ 1/1/25)
...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 2025 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: $75,000 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
2024: +$95,000
TOTAL: +$665,000

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

Slow Cooked Beef

October 10th, 2012 at 05:35 pm

Fiscal Doings:

**Finally redeemed old cell phone for $5 credit. Sprint had offered larger credit for accessories, but somehow we did the *big* cell phone changeover with no need for accessories. Dh was dragging his feet because wanted to pick out an accessory. I am glad he finally settled on the $5.

**Dh has some costumes listed on Craigslist. Also 2 old carseats. If all this sells, I might be willing to buy costumes this year, but sounds like the kids have a good DIY plan. More on that later, when decisions are made!

**Received my $420 Chase reward. After I cash it I will close that card. Saving that for our Pismo Beach vacation next month.

Food Doings:

Dinner last night was YUM!!

Sweet & Savory Slow-Cooked Beef

http://www.tasteofhome.com/Recipes/Sweet---Savory-Slow-Cooke...

Cost = $1.66 per serving.

Plus, we had a salad pre-mix. I usually make our own salads, but they were on sale, and the salad was very good too.

*This* is what I missed on vacation. Cheap and yummy.

Will have to remember this recipe for future potlucks - so very easy and feeds a lot!

Other Doings:

Tonight we have a big concert. Lumineers. Interesting find - dh has already seen them twice, but apparently they went *BIG* in the interim. Lucky to get tickets - very small venue - hoping it is not too crowded.

Posted in Just Thinking, RECIPES | 4 Comments »

4 Responses to “Slow Cooked Beef”

Anon Says:
October 10th, 2012 at 07:04 pm 1349892241
1349892241

Oh darn ... it looks like in order to access the link to the recipe you need to be a subscriber. I was looking forward to seeing the recipe but I can't access it!
Rena Fitz Says:
October 10th, 2012 at 07:11 pm 1349892681
1349892681

Love the Lumineers. Have fun!
MonkeyMama Says:
October 10th, 2012 at 07:27 pm 1349893645
1349893645

Weird on the link.

OKAY - just google "taste of home sweet savory slow cooked beef" - it worked for me. The link is no longer working for me either - I hadn't even bothered to sign in to Taste of Home, so didn't think it was a restricted recipe. But I tested on another computer that I had never logged into "taste of home" with. Google will take you to it.

I'll leave the link up because it will work eventually (maybe next month). But google it for now. IT should be the first recipe to pop up - has this description: "There�s plenty of sweet and a little heat from the chipotle pepper in this family-friendly shredded beef."

& print it before it disappears!!
Looking Forward Says:
October 10th, 2012 at 08:58 pm 1349899100
1349899100

I have a pot roast in the crockpot right now for dinner tonight. just that time of year.
I am going to try this recipe out - thanks!

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Slow Cooked Beef

4 Responses to “Slow Cooked Beef”

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