I need to save money.
That is pretty much it.
I do not enjoy anything about still being on my money journey. I know this is somber especially with platitudes like “enjoy the journey”, but these are my true feelings.
Thinking about how much longer I have on this journey gives me a lot of angst. I deeply dislike it.
Roth IRA:
The base salary at my new job puts me above the Roth IRA contribution limits. However, since I did not receive this salary for the first 5-ish months of the year, I think my MAGI for 2022 should come just under the limit.
The ROTH contribution limit is $6,000 for the year and I technically have until April 2023 to contribute.
Brokerage Account:
Currently, putting $100 a month into this account. I do have RSUs vesting in November so I plan to put away $3K into my brokerage account for 2022.
Emergency Savings:
My goal for 2022 is to put away $5K into my E-Fund before the end of the year. My larger goal is to put away $30,000 in an emergency fund. This will give me over 6 months of living expenses.
Thoughts Overall
Meh.
Honestly, I am ready to put 2022 behind me. I have so many expenses to pay for this year that it is making my head spin. Saving seems to be taking a back burner.
I am happy at the potential of being able to put away $5,000 to my savings and an additional $9,000 to my investments. There once was a time where I literally made $5.15 an hour.
Yet still, I feel behind. If I want to leave Corporate America by the time I am 40, I need to put away a lot more than what I am doing now. The thought of how much I have to invest makes me feel…nauseated.