I began 2007 with a goal of saving 60% of my gross income ($48,000). (On this blog, whenever I say “my” I am referring to “household” income.) So far, I have fully funded my daughter’s ESA for 2006 and 2007, fully funded my Roth IRA for 2006, and fully funded my wife’s Roth IRA for 2006. (In order to fully…
Category: Savings Story
ESA Contributions Made And Invested
I firmly believe in planning for the future. I have two children, ages 7 and 3. I realize that in 10 years, my oldest will be going to college. I feel that it is (partially) my responsibility to pay for her college education. I choose to use an ESA to save for college. ESA stands for Education Savings Account. (These…
Three Topics In One Post: Taxes, Roths, Fees
I have 3 “mini-posts” that I’ve decided to consolidate into one “bigger-post”. I mentioned some time ago that I was ready to file my taxes. Do to the fact that I’ve been very, very busy, I am just now getting around to actually filing. For more information about the free service that I’ll be using to file my taxes online,…