Roth IRA Goal Hit

by Fig on August 18, 2014

At one point my Roth IRA was rocking and rolling and there was an abundance of money in there. Then last year I withdrew several thousand dollars for different purposes including a home purchase. That house purchase never happened but the money was used after I lost my job. My Roth IRA progress stopped abruptly and I dropped down below the $10k mark.

It’s been a struggle to get back to $10,000 in my Roth IRA.

This was so disheartening because I first hit $10,000 in 2012. To struggle to get back there hurt and made me regret taking money out. At the time it seemed like a good idea and I did need the money but realizing I’d made no progress in 2 years really stung.

When I started a new full time job this year I started contributing to my Roth IRA again. It was only $100 a paycheck but it was consistent. Slowly but surely the amount in the account started to grow again.

Today I finally hit the mark that I’d missed so much: $10,000!

Sure it’s not much. For most personal finance bloggers they’d laugh at this amount. But for me? It’s a huge accomplishment and I’m pretty proud of myself for getting back there despite a bunch of financial setbacks last year. I feel like I’m finally on my way again to some sort of future financial security.

I still love my Roth IRA and am glad to be making progress again with my retirement savings. It’s a nice feeling to be hitting the goals again. My next goal is $15,000 and I’m sure I’ll hit that some time in 2015.  Slow and steady is my new motto and plan.

If you haven’t opened a Roth IRA yet then I highly recommend you get started now! Progress can seem slow at times when contributing but it’s even slower if you never start. I recommend using Scottrade because they have a lot of great offers like $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees. It’s super easy to get started and everyone I’ve encountered there has been super great and customer service focused.

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Time

by Fig on July 25, 2014

Today’s guest post is from Mama Fig. I struggled with whether or not to share it since often posts can be written for the writer’s benefit rather than the reader and it didn’t deal directly with personal finance. However, the concept of time being precious and using it wisely is a huge part of why so many people focus on getting their financial lives straight. Use your time on earth wisely personal finance friends!

Mama Fig guest post: Time

I often wonder where my life has gone, when you look back on years past you say dang I am this old and cannot remember where all those past years have gone.  Do you ever think about all the things you could have done differently?  The many ways you would have improved your life or changed some of the choices you made, if only you knew how life would turn out?

Things seem right when you are doing them and the choices you make seem like they make pretty good sense until you look back!  Why did I get married and why did I marry that person, why did I not have more than one child, or why did I have so many children?

Questions after questions, we could make ourselves crazy, and many people no doubt have, because no matter how hard we try we cannot go back and change a thing.  Even though the movies make us think that we have the ability to change the past, I believe we live once and then eternity is the result of that life.

I am saying most of this to me, and hopefully it will trigger something in you also, that we will use our remaining years to make a better world, at least make a better community by our actions.  That we will get involved and help someone less fortunate, give of yourself, go visit a friend that needs uplifting!  We can choose to live to ourselves or we can make a resolve to change the rest of our years so that when we our ready to leave this life we can look back on at least some years and say I made a difference.

I look at face book in the mornings to see if my friends have had some life changing event that I need to be aware of, and then I see it, all the garbage people post on that web site, a place where you could uplift someone you choose to make their day even more disparaging.  Think before you write a message or post  a picture that will offend, make those few moments mean something by saying something good and intelligent not just an ignorant picture with even more ignorant words.

Well I hope I have given you cause for thought and that you will make someone’s day a little brighter because of it…

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Bits & Pieces 128

by Fig on July 23, 2014

  • Happy hump day!
  • Real post coming soon, but today I just can’t wrap my head around it. #bloggerfail
  • My want to buy list has already expanded since I posted it. It seems I’m pretty locked in to wanting to spend but not spending and just making a list instead.
  • Saving over spending!! Saving to build up my emergency fund is more important than ever because my job is really unstable and insecure right now. That money is more important than ever.
  • I also should go back to blogging and freelancing on the side. I gave that up for the most part when I took this job and now I regret the decision. Job insecurity is the worst feeling! A bigger side income would make me feel safer.
  • Do you know the cost to live the American Dream?
  • My boss is headed out on vacation and I’m dreaming of one too. Maybe my next one down the road will be a cruise. Michelle at Making Sense of Cents should you how to do it on the super cheap.
  • Need a laugh? Budgets Are Sexy got jokes.

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