I have one more year to go. Every year is a cinch further in my girdle. Except, we pray, this September, when we actually can look forward to a REDUCTION because we're transferring the boy.
Daycare is close to twice the tuition cost of our local university. When I read these personal finance "save your way to wealth" books I never encounter anyone telling me that daycare is expensive, and there is light at the end of the tunnel. Instead there's advice like "the one earning the lower salary should stay home with the kids."
$58K + $56K. "Gee 56K, you should stay home with the kid so we can save $11800 after tax, as opposed to earning 33K after daycare costs."
Post-tax, I estimate the share that my loving and generous husband will bestow upon me for honourable stewardship will be $1850.
As with most folk, I have many options for the share proceeds, but the proceeds won't completely cover all of them.
The no-brainer solution would be to apply half to the scooter debt and half to the Roth IRA.
The risky-frisky solution would be to buy at least one ounce of gold, and divide the rest between scooter and Roth IRA.
Aw, what the hell, let's go risky-frisky.
Mortgage Payoff Scheme
$56031.71 of principal will be paid over the next ninety months, leaving me to come up with $101473.29 principal.
I will use: 25% cash, 25% stock, and 50% bonds. I can buy five-year TIPS at auctions in April and October through a broker, bank, or dealer. So that is a good plan until October 2008. AFter that, maybe just I-Bonds.
Tell me Child Care is Not Forever
July 26th, 2006 at 11:03 pm
July 27th, 2006 at 06:40 am 1153982420
July 27th, 2006 at 06:26 pm 1154024817
It's confusing to me that TreasuryDirect has no record of my Series I Savings Bond (which is sitting in my safety deposit box), yet it sells Series I Bonds, Treasury Bills, Notes, Bonds and TIPS. I suppose the difference is that TreasuryDirect is all online and paperless, and Legacy TreasuryDirect is not (it was my first bond, so I believe I had to fill in a form and send it in.)