Wednesday, December 30, 2009
I am always a curious one about other people's finances - it's my love of learning, not nosiness I swear - and as such I figure that it's only fair to keep you updated on our finances as we journey onward and upward.
You'll remember back in July we finally got to the point of putting 15% away for retirement each month....(Dave Ramsey's Baby Step #4)...hooray!
Well now that we've been doing that for about 5 months and I've actually been paid once or twice, we were able this past month to open up a college fund for E.
Let me tell you, that is some adult-stuff right there. I'm not sure anything I've done since high school, including naming another human being and signing on for $170,000+ in debt, (pre-Dave) has made me feel quite so grown-up.
But I think we did all right picking out a 529 plan through the State of Georgia that will hopefully provide a leg-up for the kiddo in about 18 years. It was surprisingly easy to understand how the whole scenario works and because we set our fund up through the state program, all of our (and anyone else's) contributions are tax-deductible on state returns.
So here we are sitting pretty at Step #5. Can't wait to graduate to #6! What do you think? Do you love Dave? Hate Dave? Let me know!
(If you're curious about all this steppin' we're up to...check out Dave's plan at his site here.)