As of my mid-September paycheck, I will finish contributing to my retirement accounts for the year. There will still be some dribbles of match from my employer each paycheck for the rest of the year. I estimate that I should have about $20,590 of money available for savings throughout the rest of the year. This comes from selling ESPP in October, my bonus at work, and my regular paychecks, including two months of paychecks with no Social Security tax, a $1,400 savings!
First, I plan to re-build my general savings account up to a year of non-travel expenses ($30,000). I need about $15,788 to do that.
Next, I want to top up my grad school savings account to cover my entire expected cost of grad school. $2,760.16 more is needed for that. I’ll probably top this up once I have $20,000 in my general savings account, in October.
That leaves $2,041.84 remaining and I plan to just put that into my general savings account since I’ll take my 2016 Roth IRA contribution out of there next year.
My fall finances are going to be pretty boring, just stuffing a bunch of money into savings accounts!
Note: As part of my project of reclaiming time for grad school starting this month and reducing my time spent on the details of my finances, I’m going to cut back on the net worth and spending updates. I will probably keep them up in some capacity, but not monthly like I have for the last several years.
Readers, what do you have planned with your money for the fall?