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Archive for July, 2016

Midmonth check-in, meal planning

July 26th, 2016 at 06:52 pm

Just a quick mid-month update. My last paycheck contained $290 from overtime, which went to the Roth IRA. This brings total contributions for the year to 1320/5500.

Trying to minimize spending for the rest of the month to stay on-budget, but I did need to get some groceries today. I know I’ve said this before, but ethnic groceries are AMAZING for value in the city. I stock up there about twice a month. Today I spent $31 and got:
8 kiwis (on sale!)
1 large cabbage ( 4.7 lbs)
8 oz mushrooms
3 small tomatoes (89 cents/lb)
2 sleeves of garlic bulbs
1 lb fresh ginger
2 bunches fresh cilantro
4 16 oz bags of rice noodles
1 16 oz package of regular noodles
4 10-oz cans of vegetables
2 small cans of water chestnuts
1 dozen eggs
1 bottle seasoned salt

I looked for chickpea flour to experiment with socca, but didn’t see any. Plans include lots of stirfry with egg for protein, grilled cheese with tomato, egg fried rice with veggies, cabbage with noodles, pesto pasta, spicy lentils with garlic, potato, and green peas, and delicious kiwi for snacks. Will need to pick up more yogurt and a few other odds and ends.

I watched The Big Short on Netflix, which was pretty interesting. It's about a few investors on Wall Street who caught on early to all the mortgage fraud that led to the 2007-2008 housing collapse and bet against the big firms like Goldman and Lehman Brothers. Based on a true story. I had kind of forgotten how ridiculous lending used to be- no money down, bad credit? Mortgage approved! It just goes to show you that if you don't think you can afford something, don't let anybody talk you into going against that instinct.

June Summary, Retirement Catch-up

July 7th, 2016 at 05:41 pm

Last month in addition to regular debt and retirement payments (scheduled retirement is at 100/month), $83 extra went to debt and $380 went to retirement. The Roth IRA only has $930 for 2016, with a goal of hitting the 5500 max. I’m switching the focus from debt repayment for a while to beef this up. I figure that it’s important to take advantage of the time value of money by investing now while it has 30 years to compound. The fund also pays dividends quarterly, so investing early on will result in higher payouts from that. I’m in a relatively low tax bracket, so the Roth IRA is a good deal long term. My student loans are on income based repayment, so paying down the smaller high interest one instead won’t result in any freed up cashflow to put toward retirement. My job doesn’t offer any retirement match, and the company-offered plans are significantly less attractive fee-wise than a Vanguard IRA. Was hoping for a little dip with the Brexit hoopla so I could buy shares at a discount this month, but no such luck.


A small raise at work should be reflected in my next paycheck- will adjust the budget when I see the exact numbers, but last year it worked out to about $135 extra take home pay per month. I’m planning to put it toward retirement/debt repayment goals. I also nabbed a little overtime, but it usually takes a while to pay out.


Have some upcoming expenses for car maintenance, but it should be covered by the balance in the “recurring/long term expenses” category. (Contribute $150/month and roll it over.) I did call around for several estimates. Since I’m trying to make my older used car last at least a couple more years, this is expected.