I just got paid for two months freelance work, and after paying my city and federal self employment taxes, I have $1,000 left. What to do...
After a day full of thoughts, I decided to:
$700- to IRA
$100 to each of the kids' 529 plans
$100 extra payment on the car
I think this allocation is in line with our bigger goals, so I'm satisfied. I just set up all the transfers.
I've got three more checks coming in 2010, totalling about $1800. Thus far, the plan is to put $1300 of that into the IRA to meet my $4000 goal for the year. I will add $400 total to both kids' college accounts ($200 to each), and use the final $100 as an added car payment again.
In the mean time, I will try to drum up at least one or two more projects by the end of the year, so I can have more money to play around with.
What to do with $1000
October 20th, 2010 at 02:02 am
October 20th, 2010 at 02:21 am 1287541269
October 20th, 2010 at 11:23 am 1287573782
October 21st, 2010 at 04:50 pm 1287679807