Our Timeline

Starting with January 2015 through December 2030.

Dave Ramsey Plan

Working through the Baby Steps

Baby Step #2

01/01/2015 - 08/31/2015

Debts need paid off are; SECU Visa credit card, saxophone, camper, Jeep

Baby Step #3

09/01/2015 - 12/31/2015

3-6 months savings. Goal, $12,000. Save $3,000 per month

Mortgage DP

2016 - 06/30/2016

Goal is to have $18,000 down payment for home construction. Will need to save an average of $3,000 per month

Baby Step #4

01/01/2016 - 12/31/2030

Fully fund Kirk and Donna's Roth IRA's
$458 per month-Donna's
$458 per month-Kirk's
Total = $916 per month

Pay off mortgage

01/01/2017 - 01/01/2032

Pay off 15 year mortgage

DROP $ Invested

09/30/2019 - 12/31/2030

Approximate roll over amount will be $180,000. This amount roled over to a tradiaitonal IRA at 6% for 11 years would be an approximate amount of $431,380

Retirement

01/01/2031 - 01/01/2032

Kirk will be age 60 and I will be 58

Donna's Educational/Career Timeline

Donna's career plan

Graduate

01/01/2015 - 05/31/2017

Complete Counseling Psychology Degree

LGPC

09/01/2017 - 09/30/2019

Completion of 3,000 supervised hours

LCPC

09/30/2019 - 12/31/2030

Kirk's Work/Educational/Career Timeline

Kirk's career plan

Bachelor's Degree

01/01/2015 - 12/31/2018

DROP

07/01/2015 - 06/30/2019

DROP time

Large Sum Future Financial Needs

Alyssa's Future Wedding

07/01/2016 - 02/28/2018

Total cost $10,000. Save $500 per month

Vehicles

03/01/2018 - 12/31/2030

Car payment of $500 per month to ourselves to pay cash for vehicles

Build Dream Home

Build Dream House

06/01/2016 - 09/30/2016

Total construction of new home. Total cost limit, $250,000 ($20,000 down).