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Archive for October, 2016

Three Month Review

October 20th, 2016 at 05:18 pm

Not quite 3 months since I've started my new part-time job & I've already made nearly $10k. And that includes 2 weeks of not working post-flood. I won't be getting in many hours at all in December so I may as well work as much as they need me for now. I think I will settle into an every other weekend schedule next year. It would be nice to get 40 hours every paycheck, but 24 is more than I was getting before.

Two Month Review

October 1st, 2016 at 10:24 am

Two months into my new second job & I feel more squeezed than ever. Maybe having a second job gives a false sense of wealth. I have somewhat over-extended myself with my increased savings.

I am contributing 50% to the 401(k) & $500 to my Roth IRA every paycheck. I had not contributed anything to my Roth IRA since last year. If I contribute $500 for the last 11 pay periods of this year & the first 11 pay periods of next year, I'll have met my maximum contributions for this year & next year. Then I'll have $500 more every pay check.

I'm excited that I'll be able to max out 3 retirement plans next year: my Roth IRA, my TSP, & my 401(k). I am making a lot of hours, but I don't want to complain as I have been searching for another job for some time. This job is a blessing & I see how my retirement savings have grown these past 2 months. Now to decrease the debt.