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Paycheck 24 and I'm maxed for the year   That's on top of the pension (best funded public pension in the state) and the retirement health savings plan. I think after me, the department colleague who contributes the most does like $5,000 a year :/
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Nov 20, 2015 15:42
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| # ? May 15, 2024 19:34 |
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I think I'm experiencing this: https://www.creditkarma.com/article/how-to-overcome-debt-fatigue-828152 I'm not living on ramen and depressed or anything, but being so proactive about paying down debt and realizing it's a couple years before I'll have enough leftover net of taxes and expenses to pay everything off is disheartening sometimes. Other times I'm really excited about it. It's like I'm financially bipolar. I'm contributing to my net worth at a steady pace. The giant increase is where I replaced a bad car situation with a good situation, although with a large increase in debt. I still have zero regrets about it, though.  Debt has remained constant for the last couple months. It would look a lot nicer, but I took my first and only real vacation this summer and bought a CPA prep course. It's mostly gone on plastic at 0% APR to use cash for my auto loan. I'll be making a $3,000 payment on the 30th. Now that I won't be spending much, I expect that graph to be a lot less sad by the time it captures a full year. On pace to be worthless in 14 months. 
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Nov 21, 2015 00:07
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It's amazing how good "I'm worth nothing!" feels when, financially, you've been worth less than that for so long. It's a grind to be sure but keep up the good work. It really is worth it.
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Nov 21, 2015 02:59
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First in my family to go to college, to graduate, and to generally get out of poverty. Moved from Michigan to Texas in January 2014 and my pay jumped from $30k to $60k. I'm now at $62k~ish before taxes, and that's without side gigs and passive income. Found out Friday I'm in the right performance tier for a 10% raise this year but that will depend on the department budget, etc etc. Some days I still eat like I'm poor, others I eat like I'm hood rich. If I don't screw around too much, I'll be debt free sometime next summer. One of my big 2016 goals is to publish at least one new puzzle book, even if it's just an eBook, to build my content library for more passive income.
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Nov 24, 2015 05:46
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After carefully tracking my money (thanks, YNAB!), I have about 2.5-3 months living expenses saved up, and am out of credit card debt (after a high of almost $18k in my early 20s - I was young, dumb, and reckless. Be ye not so stupid). My credit score, similarly, is slowly recovering now too. I own my car and live pretty frugally, so now it's tackling my student loans. Just in time for all this to happen, because it looks like I'm going to be out of a job in 4-6 weeks -- the grant that's been funding my position is up, and it'll be back on the job market for me. I've been madly applying for positions all over.
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Nov 25, 2015 01:30
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I think this is actually my favorite graph of mine: It shows the results of the one aspect of my finances I'm focusing on. Aside from minimum payments on my student loan, zero APR cards, and maxing my HSA, all of my cash is going towards that auto loan. Should take care of it around tax time. If I can keep it running ten to fifteen years (2014 Hyundai with about 3,000 miles) I'll feel okay with spending as much as I did.
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Nov 25, 2015 04:04
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After about 10 interviews since graduating back in May, I finally landed my first real job. I had another offer before the one I took, but the pay was well below market ($22/hr as an aerospace engineer), benefits were a joke, and the work was outside my interest area. I still might have taken it if I hadn't had another interview scheduled a week later for a far better prospect. I didn't get that one, but by then I'd lined up yet another interview with the same company (different division, different location), and got the offer for that one. Feels good now that I can tell any more interview requests that I'm no longer searching.
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Nov 26, 2015 12:26
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Hit my house savings goal for the year one month early 
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Nov 26, 2015 20:08
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TNO posted:Feels good now that I can tell any more interview requests that I'm no longer searching. The best feeling.
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Nov 28, 2015 15:06
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 gently caress it, i'm killing this bitch off next month in it's entirety, I can handle an extra grand out of savings. Debt free soon except for mortgage! 
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Dec 15, 2015 17:38
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That'll be a good way to start of 2016!
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Dec 15, 2015 18:09
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Realized today that I get excited for pay day just to be able to budget out the next X amount ahead, and see the charts move in happy directions... not because I care about my bank balance.
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Dec 16, 2015 03:53
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anitsirK posted:Realized today that I get excited for pay day just to be able to budget out the next X amount ahead, and see the charts move in happy directions... not because I care about my bank balance. Ha, same here. I forgot it was the 15th, and while I was sitting at a light on the way to work, I realized it was payday and that I'd have enough to transfer to savings between ESPP sales, roommate's rent payments, and a few other inflows of people paying me back some petty cash that I'd have exactly as much extra in my checking account over the usual buffer amount as I'd need to fully fund my Roth IRA for 2016 on Jan 1. So I launched my Mint app and logged in and yelled out "getting paid, muthafuckas!" just to give myself that little confidence boost.
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Dec 16, 2015 06:34
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Bitchkrieg posted:After carefully tracking my money (thanks, YNAB!), I have about 2.5-3 months living expenses saved up, and am out of credit card debt (after a high of almost $18k in my early 20s - I was young, dumb, and reckless. Be ye not so stupid). My credit score, similarly, is slowly recovering now too. I own my car and live pretty frugally, so now it's tackling my student loans. Rollin' by to say that I quit my lovely soul-sucking job last week (Merry Christmas!) and got an offer that same day for a position that pays 2.5 x the salary, full benefits, 401k, and with room for professional growth and development I'm moving in two weeks to a new, more exciting city, and my YNAB buffer is keeping my financial life from erupting into chaos during the 6 weeks between jobs.
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Dec 28, 2015 00:46
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Were you expecting the new offer, or did you suddenly pull the eject handle on the current job and accidentally stumble into another one? If you had an offer on the way, I'm surprised you didn't wait to get that in hand before quitting the first job.
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Dec 28, 2015 21:14
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SpelledBackwards posted:Were you expecting the new offer, or did you suddenly pull the eject handle on the current job and accidentally stumble into another one? If you had an offer on the way, I'm surprised you didn't wait to get that in hand before quitting the first job. I was cautiously optimistic about an offer but did not have it when I quit. My old job was bad to the point where I couldn't sleep, was moody/anxious all the time, etc. The prospect of being unemployed was nothing compared to walking into the office one more day. I've worked poo poo jobs -- waitstaff, retail -- but this position was a whole other level of toxic.
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Dec 28, 2015 21:47
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Bitchkrieg posted:I was cautiously optimistic about an offer but did not have it when I quit. There was a dude in the IT thread that was verbally abused and yelled at when he put in his notice. Escaping a bad job is crucial
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Dec 29, 2015 00:06
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I'm starting the new year off right, with a positive net worth finally. I'm hoping to get my student loans paid off completely this year now that I have a higher paying job and a second job providing a little extra income, but it's still about 12k in student debt. Well see.
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Jan 2, 2016 20:11
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GAYS FOR DAYS posted:I'm starting the new year off right, with a positive net worth finally. I'm hoping to get my student loans paid off completely this year now that I have a higher paying job and a second job providing a little extra income, but it's still about 12k in student debt. Well see. That's awesome. I'm hoping by about November I will be positive, finally 
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Jan 2, 2016 20:40
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anitsirK posted:Realized today that I get excited for pay day just to be able to budget out the next X amount ahead, and see the charts move in happy directions... not because I care about my bank balance. That's an AMAZING feeling!  My contribution: After realizing that I spent a shameful amount of money on food/tea last year (25% of my budget), I challenged myself to only eat out this year if I'm with other people. I've only eaten out once since Monday--on NYE with my boyfriend. I was worried this would be really difficult, but I already am starting to enjoy cooking and eating healthier food at home.
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Jan 3, 2016 05:51
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Just did some 2016 start net worth calcs and found that I'm nearly 6-figures net worth at 27. Student loans were aggressively paid off thanks to a lucrative work assignment, the cars are paid off and my 401k survived decently over the last year. Not to mention that this is the same year I moved cross-country, bought a house, replaced all the major 15+ year old appliances and managed to keep a healthy 6-month emergency reserve with zero debt aside from the mortgage. Additionally, I managed to snag a promotion at work that came with a 12% raise and a potential extra 2% in the next couple of weeks. I totally realize this is a humblebrag but I'm truly excited for the first time about where I sit financially and professionally. Here's to a happy 2016 where I can do the things I want to this 20 year old house and cash all of it!
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Jan 3, 2016 09:42
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Higgy posted:I totally realize this is a humblebrag j/k, congrats on the big milestone!
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Jan 3, 2016 21:12
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Speaking of student loans... Hey Navient/Sallie Mae, guess what?  Go  gently caress  Yourself!  (Another 18k loan with a higher interest rate was paid off early 2013) Now debt free except for mortgage! 
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Jan 4, 2016 18:03
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devmd01 posted:Speaking of student loans...  Nice work!
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Jan 5, 2016 06:21
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devmd01 posted:
Inspired me to take a chunk of my savings and do the same yesterday. Debt free 2016!!!
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Jan 5, 2016 19:51
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For the past year I've been adding additional principle payments to my mortgage every month. My original loan terms were $203K with a fixed rate 30 year mortgage at 6.75% in 2009. I financed way too much of the value of the home. In August the monthly interest finally got down into 3 figures. Today I did the math and if I went to just minimum payments today, I should be paying it off in 13 years, 5 months. In the past year I knocked over 10 years off the life of the loan. If I can sustain double payments I can clear it in 5 years. I got the mortgage when I was making just a tad over 50% of what I earn now, and have been adding between 66% and 100% of my minimum payments in principle reduction instead of blowing it on frivolous consumer goods. 
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Jan 5, 2016 20:23
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Dwight Eisenhower posted:For the past year I've been adding additional principle payments to my mortgage every month. My original loan terms were $203K with a fixed rate 30 year mortgage at 6.75% in 2009. I financed way too much of the value of the home. Did/Do you not have enough equity to refinance? That's a pretty turd sandwich rate. We went from 5.75% in 2009 (30 yr) to 3.375% (15yr) in 2013 and our payment only went up ~$80/mo (which was a wash since we had been putting $100 towards principal each month on the 30yr).
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Jan 6, 2016 14:20
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Moneyball posted:I think this is actually my favorite graph of mine: What are you using to make that graph?
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Jan 6, 2016 16:18
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Rocks posted:What are you using to make that graph? Looks like YNAB to me.
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Jan 6, 2016 17:30
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dreesemonkey posted:Did/Do you not have enough equity to refinance? That's a pretty turd sandwich rate. We went from 5.75% in 2009 (30 yr) to 3.375% (15yr) in 2013 and our payment only went up ~$80/mo (which was a wash since we had been putting $100 towards principal each month on the 30yr). Around 83% ltv. When I get solidly under 80 I'll refinance with my credit union for a fixed fifteen, and should be lowering my minimum payments assuming rates don't hike significantly. I try to help people not make the same bad with money mistake I did in the house thread.
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Jan 9, 2016 00:54
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I guess it's sort of an achievement that markets taking a huge dump affected my paper net worth by like $25k 
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Jan 9, 2016 01:20
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Started 2015 with ~$75k in debt (student loans for me and my spouse plus car loan), starting 2016 with ~$45k. Paid off $30k in debt while saving ~$10k and we're on track to be debt-free by this time next year. Feels good man!
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Jan 10, 2016 20:28
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When my wife quit working to have our son, and stayed home, I thought it was going to be awful on our finances. Today our net worth hit $100k 
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Jan 21, 2016 06:18
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CelestialScribe posted:When my wife quit working to have our son, and stayed home, I thought it was going to be awful on our finances. Congrats! We were hoping to hit that this year and would be able to even if the market stayed flat, but with the big dive to start the year we may not get there til sometime in 2017. Oh well v  v
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Jan 21, 2016 06:29
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Got another small bill paid off (Only 66 a month), and got a 5/hr raise (Moved into a new role).  Had another kid 
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Jan 26, 2016 14:35
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In P2P lending I've finally crossed the line for making $1k net and reinvesting it. It's taking 16 months from the start and slowly investing $10k over that time. The number of charged off loans set this goal back a couple of months.
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Feb 8, 2016 22:38
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We got our tax return today (which was way too much) and it's been blissfully boring trying to figure out what to do with the money. I very much credit YNAB and just better overall planning in general to being at the point where we're like "Uhhhh, so what do we do with this extra month of income? Save it, I guess?" There is nothing that we immediately need, and one really expensive medical mistake has already been budgeted and saved for so it's just uninspired "Extra money to all YNAB savings categories" kind of thing. It's glorious.
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Feb 10, 2016 17:18
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Over the past five years, I've rebuilt my credit from absolutely horrible to 740, gotten two emergency credit cards (I use one simply for cashback rewards and pay it off at the end of the week,) and I'll have my private student loan paid off by the end of the year. It's so awesome.
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Feb 12, 2016 07:20
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Good day today. 6.78% Raise 14% Bonus Really can't complain right now.
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Mar 2, 2016 03:17
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| # ? May 15, 2024 19:34 |
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I've been beating myself up for scheduling a SCUBA trip and also agreeing to visit Los Angeles with my sister. While I'm still clearly an impulse spender, at least I have made a great improvement in terms of food spending: The first column is how much I spent on food in that month last year, and the second column is this year's spending. I used to be really bad about eating out, and I was definitely an emotional eater so any time I was stressed I would get some fast food or sushi. Now I spend a lot on groceries. I only have to lose roughly 20-30 more pounds before I'm at my goal weight, so I buy lots of fresh vegetables, baked chicken, diet-versions of chocolates and sodas. I know I should just cut out the chocolates entirely and I should really switch out the diet sodas for tap water, but it keeps me from eating regular chocolates and sweets in the office, and the diet sodas keep me from drinking alcohol (which tends to lead to spending, eating out, etc) at social/work functions. I was really beating myself up about this, but I feel like the improvement in food spending is really great so I should at least keep going and trying to reduce where I can. Something I tried in February was only going to the grocery store every two weeks. I noticed this really encouraged me to eat fewer of my diet chocolates and drink less soda. I kind of fell off that wagon at the end of February, but I think I should experiment with that again in March. legsarerequired fucked around with this message at 22:34 on Mar 3, 2016 |
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Mar 3, 2016 22:30
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