While this month brought us two of our biggest planned expenses, we also were able to stash some money in our investments!
I’ll review in more detail in a budget review, but a new HVAC system cost us about $4,800, and taxes were about $3,400 (that includes preparation costs). That all came from sinking funds.
Here’s what we put away this month:
That brings us to a 47% savings rate for May. Very happy with that.
We’re right around the halfway point for the year and, happily, our investing targets too!
This brings our investment totals to the following (rounded to whole numbers):
Hubby is looking into more reliable employment with better benefits and opportunities for advancement. We’ll know in the next few weeks if that pans out or not, but so far, it’s looking good with a referral from a friend. It would be a pay raise and investing options like a 401(k).
So we could potentially surpass our goals for the year. I never thought I’d be looking at investing $70,000 in one year. It’s amazing what can happen when you educate yourself and get some clear goals in place!
-K