What worked:
We contributed $943.94 to our retirement accounts (401k and Roth IRAs) and saw them increase a total of $3,185.34 over last month. Pretty amazing! We rolled my wife’s old 401(k) to a traditional IRA this month. My wife also received a $862.00 quarterly bonus ($490.91 net) from her old company.
What did not work:
We saved a total of $820.00, but had to pull $1,279 for federal income taxes and $745 for state income taxes. We had been saving up for our tax bill, so this withdrawal was not unexpected. It did, however, reduce our savings balance. We had a $215.36 medical bill for my wife come due. We also purchased a Nintendo Wii video game console and accessories for $344.77. What’s life without a little splurging along the way?
Next month:
April should be another good month for saving money, both in our savings account and retirement accounts. I have a large gym membership bill coming due (15 months prepaid) and we may have another medical bill of ~$285 for my wife.
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