We spent a lot this month so far on everything. I also did a rough breakdown of our 2021 taxes and we appear to be getting a too large refund of $10,158. This is because DH is paying double SS and it will come back to us when we file. I guess that takes care of me saving for Roth IRA next year. I don't know whether to count it as this year or next year savings. Suggestions?
Eating out $206.34
Dog $137.70 (will pay $250 at vet tomorrow)
Travel $759.03 weekend trip expenses of eating out and stuff
Utilites $697.88 (water bill bimonthly and late)
Home Maintenance $1400.06 (yard, fence, Gutters)
Home Good $205.27
Services (cleaner/yard) $390
Kids $898 (camp and extracurricular)
Entertainments $93 (bought a couple of living social paddleboard rentals)
What a very expensive month. So I'm trying to run lean. But on the plus side our savings.
Moved $10k to Brokerage account this month and paid $5353 for our property taxes.
Roth IRA $10,600 - moved $10k so $600 left in account.
Sink Funds $4450
Property Taxes $3100
With the refinance we are moving our payments down $700. I am going to try and save it. It will certainly be enough to cover our sink funds. I'm not even sure I am saving the right amount for sink funds. I guess at the end of the year I'll figure it out and move what excess we have. My goal for the year was 20% savings with 15% to retirement and 5% savings. That is $49,061 = 20%. I currently have saved $53,633 so we have exceed that goal. The 5% stretch is $61327.21 while the 10% stretch or 30% of our gross salary is $73592.65. I wonder if we'll hit it? $19959 is need to hit 30% saved. If we count the tax refund of $10,158 I bet we would hit it. I have 7 months to save $20k.
Either way I think we'll be successful. We are getting on a budget and working it.