1/6/2011
So I am fifty years old, divorced, and taking stock! There are so many things that I want to focus on, with the big ones being improving my health and my finances. I am employed full time, own my home (not outright yet) have my 84 year old mom living with me and trying to plan for the future.
I am risk averse when it comes to saving money, so lately I have just been socking money away in my savings account which is currently at just over $34,000. I owe $130,000 on my home and would like to pay it off within the next 5-6 years. I only have about $50,000 saved for retirement. I have no other debt, car is payed for and no credit card debt. I think my money philosophy has been shaping up more as a "pay off all debt" type then the "heavy investor" type. It gives me a great piece of mind to think of having my home fully paid for by the time I am 55 or 56 years old.
On the health front, I have been experiencing a few problems with my back, need to lose weight and get more active.
I believe that physical, mental, and fiscal health are all intertwined, and this seemed like a good place to blog about these connections. I enjoy reading other's blogs, what seem to be random musings are very enjoyable to read!
So that's it for my first entry, just my brief "story" with more to come.
Taking a Hard Look at My Life
January 6th, 2011 at 08:03 pm
January 6th, 2011 at 08:20 pm 1294345239
Taking a hard look at one's life is a good thing. It motivates us to accomplish those things which matter to us.
January 6th, 2011 at 08:29 pm 1294345757
Writing down our thoughts on these topics can open our eyes to ways, we think and other ways of seeing pattern form in saving and spending habits overtime.
Kitty
January 6th, 2011 at 08:42 pm 1294346543
January 7th, 2011 at 12:56 am 1294361806
January 7th, 2011 at 04:49 am 1294375773
Its all about maximizing what you've got and pruning down what you don't. For example, with the savings, while rate chasing is a PITA, you definitely want to try to get the best interest rate possible - maximizing what you've got. With weight loss, you want to prune down the mindless eating, to enjoy and concentration on the enjoyment of the food you did take.