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About Me:

Monkey Mama

Just a 49-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 2023-2025.

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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2026 Goals

[ ]Small monthly Charitable Contribution
...($32 @ 2/28/26)
...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.
...#3 I don't understand why I would find student loan interest rates to be useful, as a middle class person with a high credit score. Would do better to borrow money from anywhere else. I think point #2 is more my 'hells no' reason, but this is my 'I don't get it' reason.

DL YEAR 1 ✔
DL YEAR 2 ✔
DL YEAR 3 ✔
DL YEAR 4
DL Teaching Credential

MM YEARS 1-5 ✔

[ ]$10,000 to savings
...(-$4,960** @ 3/31/26)
...$1,000/month, plus interest
...Topping off with snowballs
**Yes, that's a negative! 2026 started out rough, with some large emergency expenses.

[ ]$7,500 to investments
...($1,140 @ 3/31/26)
...$300/month, plus snowflakes
(Snowflakes: credit card rewards and dividends)
...Topping off with snowballs

[ ]$1,500 to mortgage
...($0 @ 3/31/26)
...Topping off with snowballs and/or excess cash
...Keeps us on track with $10K principal paydown per year

Taxable Investing/Saving rate is 14%.

[/]9% of household income to work retirement plans
...(9% @ 3/31/26)
...This is the minimum for the match; I'd otherwise rather fund IRAs.

[ ]$0 to IRAs 2026
**STRETCH GOAL $17,200 (MAX)**
...($0 @ 3/31/26)
...This seems pointless, other than the 'unexpected money' factor.
...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.

Total investing/savings rate is 23%. Making progress on dialing this down from 30%.

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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**

As of 2026, our primary goal is just to contribute enough to retirement to receive employer match (9%).

~~Have decided to pretty much stay the course. Keep saving 20%+ to retirement. This means taking 401K match & maxing out IRAs.~~

Pre Financial Independence:

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.

Post Financial Independence:

I wish I could contribute 0% to retirement (age 50+). But that free company match... Just to be clear why we are dipping below that magic 10% number at this point in our lives. We are done saving for retirement and are letting the investments (and employer contributions) do the hard work.

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Debt: $65,000 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.

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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
2025: +$120,000
TOTAL: +$785,000

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

Financial Independence Note

June 1st, 2026 at 12:02 am

I was looking up something in my blog and came across this post from 2016. It was in regards to MH refusing to toss any of his professional clothing from the early aughts (that he was obviously never going to wear again).

A snippet from that post:

I doubt the kids will have any use for ties, but I suppose maybe they could divide the ties between the three of them. Just so that they have a tie in a pinch.

Anyway, I totally forgot that was where we landed. I can tell you now that MH won't go for it. While he might agree we have reached financial independence and it's pretty official that he won't have to suck it up and take a tie-wearing job in the future... He's also very reluctant to give up his stuff. So I can hear it now. What if he has some big business meeting for his movie?

Will probably put a pin in this for another couple of years.

In 2016 the kids were pretty young. I do think that MM(22) has since taken custody of MH's nice shoes. (He's had a handful of job interviews over the years, and more formal college events to attend.) Who knows, MM(22) might find some of these clothes useful for upcoming job interviews.

Posted in Just Thinking, Financial Independence by 50 | 2 Comments »

2 Responses to “Financial Independence Note”

Tabs Says:
June 1st, 2026 at 12:14 am 1780272852
1780272852

Watch and as the years finally go by, the moment he finally relents and tosses them out, that’s when he will actually need one. But not before then hahaha. Fate is quite the jokester.
MonkeyMama Says:
June 1st, 2026 at 12:45 am 1780274701
1780274701

True!

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Financial Independence Note

2 Responses to “Financial Independence Note”

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