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Increased my Roth IRA contribution and yearly goal update

July 3rd, 2007 at 09:15 pm

My Roth IRA at Vanguard is now worth $ 2,456.51. Up 5.66% since January 19. Not bad.

I've decided to increase the contribution from $50 to $75.

It's not going to make a HUGE difference, but it's still 50% more.

2007 GOAL UPDATE
My goal of putting 10% of our income in a savings account is not going to happen. I am able to put between $100 and $200 every month, but $7,000 is too much at that point.

I have come up with a Debt repayment plan a few months ago, and we are sticking to it. So far so good! We should end up with only one CC by December.
The car loan will be gone by February, just like my goal was set to. Smile

Right now, we cannot make the $1,550 and $300 payment on the mortgage as I wanted to, so I am sticking with the regular payments of $1,477.32 and $252.45 respectively.

2 Responses to “Increased my Roth IRA contribution and yearly goal update”

  1. Ima saver Says:

    Good for you. That is how I started in mutual funds, $50 a month!

  2. yummy64 Says:

    You are doing great. I only moved up on my retirement savings once I got my debt tackled and even then I started out slowly.

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