No change to A and B below.
a. Find investment vehicle for mom's savings account that I am building (currently at $1,000)
b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.
Admittedly, I am continuing to spend quite lavishly on silly expenses and a trip to San Francisco/Vegas. I will be tapping the savings to pay off the card debt I racked up again.
Yup, definitely some silly trips and expenses, but even I have to live it up every once in a while. Overall, these were great trips with memorable experiences.
I am in a mighty fine position right now and I will qualify for a pension in three years for government service.
Small blip on the radar, but my path to financial independence is still very solid. |