Monday, October 17, 2005

My Current Monthly Saving Plan

Monthly Savings Plan

  • $ 1,600 savings directly deposited into Emigrant direct Online savings accounting earning 4.0%.
  • $ 200 monthly directly invested into a Roth IRA account with American Funds (current account amount is $ 2,026.)
  • $ 100 monthly directly invested in a non-retirement fund with American Funds (current account value is $ 9,700.)

If there is any extra tidbits left, I will save the leftovers into the emigrant savings account, for my vacation fund.

In the near future, I might start a 529 education savings account for tax-deffered growth in order to fund for a graudate education.

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