The American Dollar
OUR FAMILY. OUR MONEY. ONE PERSONAL FINANCE BLOG.
One industrious American family's focus on a financial goal of freedom. Through worldly personal finance education, here is our story.
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Our Story: Both my wife and I are 27 years old and have gone through financial hell and back. Now we are on track to financial freedom, however we are not financial advisors or professionals, just everyday people. Share our journey from a negative networth and email us if you have questions or comments! :)



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Thursday, June 14, 2007

Taking a vacation from it ALL... is a good thing!


We have taken a little vacation these past couple weeks; since I obviously haven't had the chance to really get down and blog like I do. However I am still enjoying my time being home with our newborn daughter. This will be my fourth and FINAL month of absolutely no work or having to worry about the daily grind; which I still miss in a wierd way. I truly believe it is still a blessing that we have such an opportunity for one of us to stay at home full time. Now a days, she giggles and laughs like crazy and everyday I learn just a little quirk or two more than I didn't yesterday which makes it all worth it :)


Financially speaking, like we have been doing for the past several months, we are living on just my wife's paycheck. This month is a bit different because not only do we have ZERO of my paycheck coming in, but we are relying on sticking to the budget like never before (ie. no room for error time). So far midway though the month, the funds are looking a bit high and dry. We have depleted over 80% of our cash in the budget during our last week's big Sam's Club and Target run. These were major but they will carry us definately through mid next month. That only leaves us with 2 grocery shopping days left, this Sunday and next Sunday. Since I will actually be in the driver's seat at work this upcoming Friday, the 22nd, I should be getting a paycheck on the first of July. Also after my wife spoke with her work, she will be getting her FINAL monthly salary in July. That's great because then we will live off her paycheck for one more month and all that I make in July will go towards our 2008 annual expenses, currently at $4500.

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Emergency Fund
40%
$25,000
2007 Roth Contributions
$8,000 Total



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