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Checking in with an update

August 28th, 2014 at 02:04 pm

I transferred my husband's IRA to his 401(k) which has expense ratios that make Vanguard look expensive and transferred my IRA to Vanguard to lower my expense ratios as well. I will have maxed by 2014 IRA contribution by November and will have half my husband's contribution for 2014 in September, the rest of it will be in the beginning of next year or December depending on cashflow.

We have made progress with the food budget but there is still a lot of progress yet to be made. We have saved over $1800 YTD over last year's food budget but I still am struggling with being motivated. I suspect dropping this expense will also be a goal for next year.

4 Responses to “Checking in with an update”

  1. creditcardfree Says:

    Great improvement on your food budget I think!

  2. Ima saver Says:

    You are doing a great job!!

  3. snafu Says:

    It's really difficult to lower spending on your food category when the prices have increased so noticeably this year. Have you considered making monthly contributions to each retirement plan? You've missed a major run up February to August. I too am looking for a traditional 5% pullback in September....

  4. Caoineag Says:

    Unfortunately my laziness aka eating out is the major contributor to the food budget cost so I have plenty of room to cut.

    As to contributing monthly, we already do. In fact, thanks to 2 401(k)s, a family HSA and alternating bi-weekly checks, we contribute on a weekly basis so we haven't missed anything (not the July drop nor the current run up). The IRAs are more about cashflow which in our case tends to vary significantly month to month.

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