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Rick Rickshaw posted:You can easily spend yourself down the same path. I read it like this, and shook my head about how true (at any life stage) it is. I know people who have been financially responsible their whole lives and then get married or have that kid or get promoted or laid off or retire and don't adjust their levels of consumption and BOOM it goes quick.
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Jun 26, 2017 13:52
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EAT FASTER!!!!!! posted:I read it like this, and shook my head about how true (at any life stage) it is. I know people who have been financially responsible their whole lives and then get married or have that kid or get promoted or laid off or retire and don't adjust their levels of consumption and BOOM it goes quick. Oh shoot, I meant he can easily send himself down the same path that I've taken given that he's got himself setup so well (good job prospects, low debt). But yes, it would be even easier to give in to the shiny things.
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Jun 27, 2017 17:18
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I don't post much in BFC, but thanks to all these amazing goons, I hit a milestone and added a digit to my investment portfolio's value today. 
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Jul 25, 2017 05:49
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It's been a stressful time but I managed to make a lateral move at work that gets me home everynight with my 10 month old. As part of the move we sold our house in Utah and with the proceeds paid off our only car loan ($15k), a private loan we used to purchase a second rental property ($21k), moved to a cheaper cost of living area and still had enough left over to get some items of interest for the new house. Now we just need to attack the credit card debt with the money we're saving from the other paid off loans and we should be sitting awfully pretty.
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Jul 25, 2017 14:27
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We made a 4% lump sum principle payment on the mortgage knocking off PMI. Also, I 'd to a new job which starts in just under 2 weeks now for a ~19% raise, has no commute, and allegedly a better working environment.
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Jul 25, 2017 19:34
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Paid off the £1400 overdraft from my Master's degree, repaid a family member who made it possible for me to move to London, and just got a new job in a VR startup. No salary increase but I've managed to move from a humanities degree into technical prototyping and RnD, so I'm happy. I'm now debt-free and feel a lot less like my life is going to fall apart if I screw up.
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Aug 3, 2017 13:48
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Purple Prince posted:Paid off the £1400 overdraft from my Master's degree, repaid a family member who made it possible for me to move to London, and just got a new job in a VR startup. No salary increase but I've managed to move from a humanities degree into technical prototyping and RnD, so I'm happy. Sounds like you got some great opportunities and it's paying off already. That's awesome.
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Aug 3, 2017 23:31
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Not the biggest achievement, but I just paid off one of my student loans, it only had ~$300 left on it, and I was going to pay it off next month on the first when I had the money budgeted for it, but I was getting antsy and just decided to pay it today. Two down, three to go, and under a $6000 balance total.
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Aug 24, 2017 13:24
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BAE OF PIGS posted:Not the biggest achievement, but I just paid off one of my student loans, it only had ~$300 left on it, and I was going to pay it off next month on the first when I had the money budgeted for it, but I was getting antsy and just decided to pay it today. Two down, three to go, and under a $6000 balance total. Congratulations!!! Huge accomplishment, a loan down is a loan down, no matter how you slice it.
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Aug 24, 2017 15:17
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BAE OF PIGS posted:Not the biggest achievement, but I just paid off one of my student loans, it only had ~$300 left on it, and I was going to pay it off next month on the first when I had the money budgeted for it, but I was getting antsy and just decided to pay it today. Two down, three to go, and under a $6000 balance total. Good stuff, I'm sure that frees up a bit of money to hit the other loans or apply to some other goals.
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Aug 24, 2017 16:23
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BAE OF PIGS posted:Not the biggest achievement, but I just paid off one of my student loans, it only had ~$300 left on it, and I was going to pay it off next month on the first when I had the money budgeted for it, but I was getting antsy and just decided to pay it today. Two down, three to go, and under a $6000 balance total. awesome! Enjoy that one fewer payment and paying off your other balance that much faster.
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Aug 24, 2017 16:24
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About 4 years ago I moved from AK back to the lower 48. Doing so dropped my mortgage from $2286/mo to $925/mo (for a way nicer house). Plus everything else is also way cheaper (food, gas, insurance, etc). And I was making about the same amount of money. Boom, I'm rich! I was not rich. But for 2.5 years I lived like I was. So about 1.5 years ago I realized this (I actually realized it far sooner but refused to do anything about it) and that I was an enormous idiot and needed to fix this. This started around March 2015 with a few hiccups along the way. But between March 2015 and March 2017 I cut my total (non mortgage) debt by over 50%. (recent spike was hoarding cash for the new house and also a lot of new house related purchases and get the old house ready to sell expenses). But this week I sold my old house and used the leftover cash to pay everything down to 0 and also I finally have a nice amount of emergency funds and probably some leftover to invest somewhere. The thing that really helped me was actually making this chart which I updated faithfully for 2.5 years. Both in that it helped me realize the scale of the problem and also every time I wanted to buy a $1200 camera lens or $800 graphics card I'd stop and think "That's gonna make my chart look lovely for the month and I will feel bad." The chart includes various credit cards, a student loan, two car notes, and a personal loan. 
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Sep 3, 2017 16:57
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It's good to see that you managed to use the chart to maintain discipline. Even when your total debt went almost flat it must have helped keep spending under control. It looks like you're in a really good financial position now. 
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Sep 3, 2017 23:47
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scrubs season six posted:About 4 years ago I moved from AK back to the lower 48. Doing so dropped my mortgage from $2286/mo to $925/mo (for a way nicer house). Plus everything else is also way cheaper (food, gas, insurance, etc). And I was making about the same amount of money. Boom, I'm rich! Serious congrats, man. That's a lot of hard work!
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Sep 4, 2017 02:35
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Congratulations on your new life free from debt!
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Sep 4, 2017 15:19
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Thanks everybody. I feel like I kind of cheated since ultimately the remaining debt got wiped out by the house sale but even if that hadn't happened I would have been down to 30% of the peak or so by now and possibly would have been down to zero by the end of the year (I usually get a decent EoY bonus that helps). And I think for the first time since I first became a home owner in 2009, that bonus won't be entirely pre spent. I make a good living but staring down the barrel of over 100k in non-mortgage debt was pretty sobering. I knew it was in that neighborhood but it became a lot more real when I actually added it all up and made the chart.
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Sep 4, 2017 16:25
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scrubs season six posted:I make a good living but staring down the barrel of over 100k in non-mortgage debt was pretty sobering. Now take this number and make it $600,000.
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Sep 4, 2017 16:59
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EAT FASTER!!!!!! posted:Now take this number and make it $600,000. I don't make a good enough living that anyone would have ever loaned me that much (non mortgage) money.
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Sep 4, 2017 18:53
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Contribution, thanks to a juicy bonus for my wife, I just mailed in the full payoff amount for her last remaining interest generating student loan that isn't eligible to be forgiven under the (now admittedly shaky) PSLF program. Whatever happens with THAT debt will be sort of a "wait and see," but it feels good to get these other loans out of the way. We do have another loan, but it generates 0% interest (essentially a grant requiring repayment) and will be paid off on the maximum possible schedule.
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Sep 5, 2017 15:14
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 The last red bar is this month's charged expenses to be paid in the grace period. Not pictured: ~15 years of stupid irresponsibility, naïve life choices, untreated depression, and untreated alcoholism, in some order.
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Sep 5, 2017 20:33
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I'm looking at just a few more months and I'll have all of my student loans paid off. ~55k principle plus (abusive) interest over almost ten years. I regret not being more judicious on how I approached my education, but ultimately am happy. I was not earning much money for the first six or seven years out of college (ski bum) but really got my rear end in gear after I hit thirty. Pay additional principle and knock out your highest interest loans first. Get excited about knocking that poo poo out and it's fun how motivated you can get. I'm gonna rip open a bottle of Andre once I pay it all off. Why Andre? Because I don't know what having a bunch of extra disposable income feels like. $4.89 is a solid price point for celebratory bubbly. 19 o'clock fucked around with this message at 05:34 on Sep 7, 2017 |
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Sep 6, 2017 04:10
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epenthesis posted:
Well done. That's a good swing in that amount of time and any time you go neg to poz, it's a big deal. Unless you're like one of my idiot friends that started tracking it only because his parents paid for him to go to an expensive financial adviser and also paid his mortgage for 2 years. Then bragged about the change in his net worth. Then it's probably less of a big deal.
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Sep 7, 2017 04:07
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19 o'clock posted:
drat straight. Andre is my go-to celebration drink!
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Sep 7, 2017 20:31
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scrubs season six posted:Well done. That's a good swing in that amount of time and any time you go neg to poz, it's a big deal. Unless you're like one of my idiot friends that started tracking it only because his parents paid for him to go to an expensive financial adviser and also paid his mortgage for 2 years. Then bragged about the change in his net worth. Then it's probably less of a big deal. I did this without a parental subsidy or a financial advisor, so thanks! I really was throwing away a loving fortune before I got it together. I’m not yet at the point where I really trust the numbers, though. It doesn’t seem possible that I have this much freedom with my money, after so many years of plowing between a quarter and a third of my net into just paying for the fun I had in my twenties and thirties.
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Sep 7, 2017 21:35
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Nocheez posted:drat straight. Andre is my go-to celebration drink! key question which andre I find the classic Brut to be the best, Cold Duck is pretty awful, and Blush is too sweet
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Sep 7, 2017 22:43
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You gotta live a little, taste the high life. Cook's Extra Dry is where it's at, though spendy at $6.50/bottle
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Sep 7, 2017 23:19
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Brut, totally. Cook's? Despite what I may tell girls at the bar, I'm not an international supermodel. We'll see what my Christmas bonus looks like...
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Sep 8, 2017 18:04
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We really honestly actually do splash the pot and get a bottle of Veuve for really special occasions but that's about as much as I can justify ever spending on a bottle of wine and it's, like, once a year.
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Sep 8, 2017 19:25
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EAT FASTER!!!!!! posted:We really honestly actually do splash the pot and get a bottle of Veuve for really special occasions but that's about as much as I can justify ever spending on a bottle of wine and it's, like, once a year. Unfortunately* one of my clients is deep in the heart of the Champagne region so I usually end up bringing back two ~20 euro bottles of very nice champagne from a small maison when I travel there. That is my wine extravagance. *do not go to Champagne region in the winter or really any other time than summer/early fall
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Sep 8, 2017 19:47
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My first attempt at baking my own bread was a success. Does freeing yourself from the yoke of store-bought bread count as an incremental improvement?
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Sep 12, 2017 04:03
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eighty-four merc posted:My first attempt at baking my own bread was a success. Does freeing yourself from the yoke of store-bought bread count as an incremental improvement? Definitely. If you make some nice apricot bread and eat it fresh from the oven.
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Sep 12, 2017 04:32
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Bread baking is awesome because it doesn't take much time and the ingredients are ludicrously cheap in bulk and the result is tastier. With sourdough you don't even need to buy yeast!
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Sep 12, 2017 04:39
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KYOON GRIFFEY JR posted:key question which andre 19 o'clock posted:Brut, totally.
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Sep 12, 2017 16:16
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I'm getting promoted tweets for Andre now and I blame this thread.
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Sep 15, 2017 22:20
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overdesigned posted:I'm getting promoted tweets for Andre now and I thank this thread. FTFY.
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Sep 16, 2017 15:13
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I meant to make this post last week, but it has been just about a year since I restarted following a budget and I can see a lot of success in it.  I should have my student debt completely wiped out sometime in the next year, hopefully early next year. I've also started putting a lot more money into retirement accounts and I have been able to cut down on my eating out. My gf moved in with me at the beginning of summer and that has cut down on rent/utilities and is helping us save for the long term.
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Oct 7, 2017 15:33
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Nice job man! Having a roommate is killer in keeping the expenses down.
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Oct 7, 2017 16:09
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Nice! That's huge for one year.
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Oct 7, 2017 17:29
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spwrozek posted:Nice job man! Having a roommate is killer in keeping the expenses down. My roommate/renter just told me he's buying a condo and moving out. It's been a good living arrangement over the last year. Gonna miss his dog and the cash flow, especially since I'm looking at getting my siding and windows replaced now. 
SpelledBackwards fucked around with this message at 18:51 on Oct 7, 2017 |
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Oct 7, 2017 18:46
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SpelledBackwards posted:My roommate/renter just told me he's buying a condo and moving out. It's been a good living arrangement over the last year. Gonna miss his dog and the cash flow, especially since I'm looking at getting my siding and windows replaced now. Time to get another one. I would consider buying again to make this situation happen (other then people loving up my knives and pans). I rent with my GF now which is really nice. My Ex bought me out of our house and moved back there recently and has 2 roommates. Her all in "rent" is $200 a month.
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Oct 7, 2017 19:54
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