{"id":1990,"date":"2011-03-16T09:47:47","date_gmt":"2011-03-16T16:47:47","guid":{"rendered":"http:\/\/www.heatherbarton.com\/?p=1990"},"modified":"2025-11-02T21:11:27","modified_gmt":"2025-11-03T04:11:27","slug":"the-savings-plan","status":"publish","type":"post","link":"http:\/\/www.heatherbarton.com\/?p=1990","title":{"rendered":"The Savings Plan"},"content":{"rendered":"

I don’t have grandiose needs.\u00a0 I don’t need a million dollars in the bank to consider myself “good” in the “retirement” game.\u00a0 I have more\u00a0 simple ideas wrapped mostly around buying real estate for my kids to live in when they go off to college.<\/strong><\/p>\n

But to achieve those goals I’ll need to restructure how I spend and how I save.\u00a0 And I read this nifty little guideline online:<\/strong><\/p>\n

1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Don\u2019t buy a house that costs more than 2.5 years of your income.\u00a0 And if the costs of buying is more monthly than the costs of renting in the same area, don\u2019t buy.<\/p>\n

2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 You should save 10% of your income into retirement<\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 That 6 months of Emergency Fund savings can be difficult.\u00a0 Try setting up 1 month in a 6 month CD, then when you can add another month that comes due 3 month after the 1st CD.\u00a0 Keep building until you have 6 CD’s rolling due every over month.<\/p>\n

4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Of your income: 33% = house, 14% = food & drink, Health care = 6%, Transportation = 19%,\u00a0 Apparel & Services = 4%, Investment\/Pension = 9%, Cash = 4%, Misc = 4%<\/p>\n

Crunching the number of how I ACTUALLY spend and wow.\u00a0 I need a pay raise!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

I don’t have grandiose needs.\u00a0 I don’t need a million dollars in the bank to consider myself “good” in the “retirement” game.\u00a0 I have more\u00a0 simple ideas wrapped mostly around buying real estate for my kids to live in when … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1990","post","type-post","status-publish","format-standard","hentry","category-twirling-my-skirt"],"_links":{"self":[{"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/posts\/1990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1990"}],"version-history":[{"count":6,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/posts\/1990\/revisions"}],"predecessor-version":[{"id":4525,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=\/wp\/v2\/posts\/1990\/revisions\/4525"}],"wp:attachment":[{"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1990"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.heatherbarton.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}