I’m working towards saving $48,000 this year, which is 60% of our gross household income.

Click here to read all posts associated with my $48000 goal.

Click here to read about my savings and investing goals for 2007.

Here’s my updated chart with detailed information:

48sep.png

Explanation

My Roth = $8000 ($4000 for 2006 and 2007)

Wife’s Roth = $8000 ($4000 for 2006 and 2007)

ING (Repay $5000) = I ‘borrowed’ $5000 form my savings so that I could fully-fund the Roth IRAs for 2006.  I am in the process of ‘paying myself back’.

Next Step:  Open and fund ESA for my son.

(You can also follow my progress over at the No Credit Needed Network: NCN 2007)