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the financials

July 4th, 2014 at 06:15 pm

So I just checked today and our retirement savings accounts passed $500k, yeah goal!

Retirement - $505,286.
Taxable Investment - $160,881
DD1 College - $12,118
DD2 College - $6,758
Cash - $64,540
Checking - $5k, one month float

I've been contemplating that we keep increasing our cash position and I think our "emergency fund" is becoming a little excessive. But at the same time we are planning on moving in 2 years and we don't know what cash we'll need. Plus if a job came up we've been worried we'll be forced to sell and bring cash to table or something. If we did get a job and had to relocate the cash would be useful in relocating. Perhaps my DH and I should discuss investing half? Thoughts?

Second I sold my baby walker for $20. So far my money towards Dyson is $120. I am doing swagbucks, but I won't use my CC rewards for buying the vacuum. I feel those are more cash back. Hoping to sell a bouncer, boppy pillows, diaper bag, and cloth diapers. I still am keeping a lot of stuff but trying to streamline it down.

And tonight dinner? Homemade smoked pulled pork, coleslaw, potato salad, and corn all home made. Yum.




Posted in Retirement | 4 Comments »

4 Responses to “the financials”

  1. Petunia 100 Says:
    July 4th, 2014 at 07:14 pm 1404501257
    1404501257

    Instead of stockpiling more cash for a possible move, why not shovel new money towards the mortgage? Your mortgage rate has to be higher than your savings account rate. It seems like 64k is more than adequate to cover moving expenses.

  2. creditcardfree Says:
    July 4th, 2014 at 08:25 pm 1404505515
    1404505515

    We have about 2/3 of the cash you do, also for the next move, which I think will be next year. We are actually putting a lot of our extra into our mortgage, about $14K this year. Once DH's promotion money starts, we will likely just put most of it in cash, maybe some to the mortgage.

    Maybe you could do 50% cash, 50% to mortgage.

  3. MonkeyMama Says:
    July 4th, 2014 at 08:59 pm 1404507572
    1404507572

    Personally I would stick with cash. Your time line is two years or less? You may want to come up with a down payment for a home in a fairly expensive area AND maybe cover a period of unemployment? When things become more clear you can redirect the cash to other investments.

  4. mamasita Says:
    July 4th, 2014 at 09:26 pm 1404509177
    1404509177

    I vote for cash, if you are taking a poll Smile
    And dinner sounds delish, Happy Independence Day!

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