My wife and I have had quite a year. Among other things: we got married (and paid for a lot of it), went on a honeymoon, I had ACL surgery on my right knee (and a ton of physical therapy), and I ended up buying a 2014 CR-V after my old Focus needed $3,000+ in repairs. Furthermore, my wife was not eligible to contribute to her 401k until this October.
In summary, and because of these large expenses this year, we aren't on pace to meet our lofty goals for 2017.
That said, I still think we can do some things over the next two months to somewhat salvage our year. So far we have done the following:
(1) I've increased 401k contributions to achieve $18k max
(2) My wife is contributing 50% of her paycheck to 401k contributions
(3) We are going to contribute to HSA at end of this year
(4) We are going to contribute as much as possible to traditional IRAs before April of next year.
So some questions:
(1) The above 401k situation leaves us with a negative cash flow for the next two months, i.e., our expenses will exceed our net income. But we have plenty of savings to cover the difference, so should we just go ahead and have my wife contribute even more to her 401k?
(2) Is there anything else I may be missing over the next two months? Maybe look at expenses more?
Thanks in advance.