We have a goal. A very specific goal. We want all of our debt to be gone by the end of 2015. That would seem impossible if you knew how much my student loans were. But first of all, mathematically, it is absolutely possible. And second, it is just too convenient of a goal.
As my first very first blog indicates, my life has fallen into neat decades. I know the world doesn't really work that way. I know it's a coincidence. But.
-I will turn 40.
-Ryan and I will celebrate our 15th wedding anniversary.
-Lily will start first grade.
-All of our debt will be gone. All of it.
After that, the retirement and college savings can begin. Frankly, I had assumed it was too late. We all have heard stories about people who start saving in their twenties. I just thought that ship had sailed. Then I saw the charts in "Total Money Makeover" that indicated how much a person should save monthly for retirement depending on starting age. And there it was. 40. And it wasn't even way down at the bottom of the list like a Point of No Return.
The next encouraging chart had a similar savings plan for college educations. And there was age 6. Sort of towards the top. Not too late.
So not only is it time to start, it will be a great time to finish. Ready.... go!