It’s time once again for our monthly check-in! How are we doing with our goal to remain debt-free while I earn a graduate degree?
Last month, we were worried about needing a new roof, funding our Roths, and paying my tuition. Where do we stand now?
- We officially have a new roof! Our insurance agreed the damage warranted replacement, and we haven’t gotten the final bill from the roofer yet, but it will be around $1000 out of pocket. It looks fantastic and we are no longer fearful of the havoc that could be caused by a sketchy roof during the winter.
- My Roth– I have about $2750 in my Roth fund, and I scheduled 10 shifts for November. I’ll put at least $500 more in November and December, and I anticipate I will have $4000 by March, the last chance to fund 2016’s fully. I think we will get there though (see #4).
- His Roth– It’s ready to be funded now that we won’t need to cover an entire roof.
- My tuition– We have enough for the full amount of $4300 however we no longer will have to pay it all in January. Why?
My class received an email this week about our last session. It is a three-class session: a teaching practicum, one class with the usual sometimes heavy assignment, and the bulk of our master’s portfolio. AKA, a lot of work, basically full time work. They offered us the chance to split it, doing the practicum first, which requires 140 clinical hours over 10 weeks, and then the class and portfolio course in the next session. I have to find my own clinical preceptors – three of them- plus do half of my clinicals on site in a classroom and hospital setting. That is easily 2 full days a week for those 10 weeks.
Between our kids, working part-time, my websites, and doing some heavy writing work in other classes, I was stressed just thinking about it. I decided to split the session and will now finish up on July 3rd instead of March 28th, and my degree will confer in August.
My stress level dropped about 100 feet once I made my decision.
We will now pay about $1680 at the end of December and $2240 at the end of March and beginning of April. This will help give a little leeway in funding my Roth and give us time to file our tax return and use it for tuition so we can focus on the retirement goal.
Where are you at with your goals this year?
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