We done did do it! Paid off those pesky student loans, what a time to be alive! A huge thanks to my wife for supporting me in trying to get those suckers eradicated and letting me spend all our hard earned money. I know it was a big pill to swallow sending off 50% of our income every month…
Now that that business is out of the way, we can focus on building up our cash/cash equivalent savings for buying some vehicles when the time comes.
Business Checking: 768
Business income for the week was $231.
The stock market had a good first half of the week, then immediately lost all momentum at the end and finished mostly flat.
Portfolio: 61,551 (up $40 since last week)
His 401k: 38,285
Her 401k: 16,373
SEP IRA: 6,893
Debts. NONE!! Credit card balances are at around $300 and I skipped zeroing them out yesterday and will wait until next week when our cash on hand reserves are replenished, just to keep a nice buffer.
Spending for the week:
Mostly low except for my FINAL loan payment and her quarterly hair appointment.
The last and final order of business is the calculations for the remainder of the year when it comes to maximizing our pre-tax accounts to save on our tax bill.
With both of our raises, and if we do max contributions (600/month) to 2 HSAs for the rest of the year, we will still have about 4.2k of net income per month to work with and we’ll save $1900 on our tax bill, and have $6900 extra pretax dollars in our pocket! (did someone say Lasix?) I think it’s the right move, but we have to discuss further.