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May update!Spokes posted:
Done, Working on it, Done (managed to fit a rowing machine in there to pump out some sets when work is slow, too!) I'm going to revise these to my new goals: Increase 401k contribution to 8% (currently 6% which is where employer match maxes out) $20,000 buffer in Emergency Fund. $2000 (one month's expenses) available in checking separate from Emergency Fund and what's budgeted in the current month. I want to be able to budget off a fixed amount every month and not what I earn that month. $10,000 invested. And most importantly: Enough set aside or withheld to prevent next year's taxes from cutting into the above amounts The first half of the year was a real lesson in pulling myself out of a hole and hopefully I don't have to repeat it again. See everyone in July!
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# ? Jun 11, 2024 01:41 |
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Student loans paid off last year, emergency fund more than padded, 2019 IRA locked and loaded so for the rest of 2018: 1) Take one more vacation with the new lady friend 2) Get three of the four Vanguard funds up to Admiral shares 3) No babies
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Q2 update!Potrzebie posted:Potrzebie posted: Q2 was the first where all time and money was spent in the house rather than our old flat. There have been many many one-time purchases such as a mower, a grill, furniture and so on. Even though we mostly bought stuff from thrift stores the costs pile up. Looking at installing solar panels on the roof; this will cost about $11k after government incentives and have a RoR of about 8% per annum. With mortgage rates as low as they are this seems like a no brainer to me. E: Speeling
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EAT FASTER!!!!!! posted:June 2018 is almost in the books.
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What are the reset terms on your ARM? Depending upon the reset terms and the exact circumstances of the market in two years from now, you could still be well below market for a while even when your rate begins resetting. That being said given your household income I would probably just throw money at it and retire it after the reset rather than try to refinance.
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howdoesishotweb posted:Goals: Overall happy with progress. Net worth broke 0 last month excluding home equity
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BEHOLD: MY CAPE posted:What are the reset terms on your ARM? Depending upon the reset terms and the exact circumstances of the market in two years from now, you could still be well below market for a while even when your rate begins resetting. That being said given your household income I would probably just throw money at it and retire it after the reset rather than try to refinance. My only hesitation with this is that we probably intend to move before the ARM terms even expire on this house, and might need the money to pay for a down payment on a new house instead.
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Omne posted:
1. On Track 2. Hrm...no real progress from Q1 ($6300) on this, but for a good reason 3. Currently at zero, again for a good reason 4. DONE! Decided to just wipe it out, which affected 2 and 3 5. Sitting at $12, 400. Omne fucked around with this message at 19:59 on Jun 30, 2018 |
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BAE OF PIGS posted:drat, I had been waiting for someone to make this thread, and I just noticed that this had been up at the top stickied. Q2 update Just put $850 in to roth today, up to $2800, so past halfway there A mere $900 towards house downpayment, but I'm getting there. Rest of these goals were pretty much weak rear end goals that were a given when I made this post. New goals are to: Get roth maxed by the end of 2018, so I don't have to throw money towards 2018 in 2019. Get $3000 towards house down payment by the end of the year. It's not much, but I anticipate being able to put much more towards it each month next year.
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Continuing the status quo. June update Goals: - - Meet company match on HSA On track - Meet company match on 401k On track - 50/month in daughter's 529 On track - 50/month in son's 529 On track - - Help my wife make money on Etsy - Maybes: - Finish cleaning up the basement and turn it into a play area. Not going crazy with finishing the basement, but getting carpet remnants and some cheap furniture will make it nicer - Release another iPhone app. Actually monetize this one - If my current job doesn't get better, start looking for a new one
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June! Raise net worth from 101k to 134k: $115.1k (Behind track!) Increase house fund from 11.2k to 20.7k: $15.4k (Behind track, but just barely.) Contribute $2.6k to Roth IRA: $1320 (On track!) Keepin' on keepin' on.
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More or less failing, what ya gonna dopaternity suitor posted:2018:
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I don't know where else to post this, but I came to humble brag slightly. 8 months ago I had $13000 in credit card debt, had no health insurance, and had $0 in retirement savings. I am currently Debt Free for the first time in my adult life, am fully insured, and I am maxing out my works RRSP match. Holy poo poo what a ride. also I make like 35k per year lol
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loving A, poster of record. You should brag about that, it was a lot of work!
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly. That’s loving awesome.
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly. BFC is all about humble bragging, good job home boy/girl
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly.
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly. This is where you come to post this, this is where you come for the adulation this inspires in all of us. Congratulations on this enormous accomplishment!
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly. you are a stud
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly.
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly. What an accomplishment. Be proud!
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Seriously, I look at those numbers and it’s humbling. Amazing stuff.
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Mezzanon posted:I don't know where else to post this, but I came to humble brag slightly.
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June-a-roonieGuest2553 posted:1) Save 24k saved 2250 this month for cumulative total of 10800.
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July - Hemorrhaging Money Raise net worth from 101k to 134k: $117.8k (Behind track!) Increase house fund from 11.2k to 20.7k: $16.4k (Behind track by just a few hundred.) Contribute $2.6k to Roth IRA: $1540 (On track!) July is historically the month I spend way too much money on everything because it's summer and I'm not working. Yikes. Washington State teachers are in a weird place right now where our state salary schedule is no longer a thing and all districts are in open negotiation for salaries. My district, like many, is still fighting back and forth on how much of a raise we should get over the next two years. (Keep in mind salaries have risen a whopping 6% over the 10 years I have been a teacher...) It's making planning in advance really hard. I know what my end of July and end of August paychecks will look like, but that's it.
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July Update July 2018 is finalized. Hard to believe 2018 is more than halfway done. Big decision for us is to take the $14K surplus we ran on the July bonuses and plow it into our mortgage to refinance to a conventional loan, to save it in a CD ladder toward a down payment on the next house (probably 36 months away on making this move), or to buy some more stock. The most we'd need for our next down payment is $140K, we have equity to the tune of $37K in the house already and if we tighten our belts we can save the down payment in less than a year. I think I've decided to buy some more stock, but wanted to reason it out loud. EAT FASTER!!!!!! posted:Current Liabilities -
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Not much to report. Should be able to max my roth IRA contributions this year, which I'm stoked about. Will be a first, and I didn't make any 2018 contributions until May so that I could put as much money towards 2017 as possible. I'm feeling good about that. Feeling good about 10% contribution to 401k. Have considered putting more in, but any more that I take from my paycheck will just decrease the amount I'm putting into my IRA. I'll revisit this once I max out roth contributions. Net worth is over $50k. That feels nice. Turned down a promotion the other day. Regional manager wanted to make me manager at the location I work at, and move our current manager to another location. Told him I have zero interest in being a manager. Told my manager about this, and she said that she doesn't even really make that much more than I do, reinforcing my belief I made the right call. I have no interest in dealing with HR bullshit like employees not getting along, hiring/firing, dealing with upset customers, and I don't want to get yelled at about production quotas and advertising. Plus I've been on the QA/training side of things for almost a decade, and don't really want to be on the production side of things. Still haven't lost any weight. Finally saw my doctor about knee pain that's kept me from running for a few years (half marathons were a hell of a way to keep the weight off), and I'm finally getting physical therapy in a few weeks. Hopefully this helps, and hopefully my lovely insurance doesn't gently caress me with this.
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Chugging along. Our son started daycare this week which means childcare costs will nearly double. That shouldn't impact any goals, though, just reduce some of our miscellaneous budgets (vacation / entertainment / eating out / home improvement / etc.). July update Goals: - - Meet company match on HSA On track - Meet company match on 401k On track - 50/month in daughter's 529 On track - 50/month in son's 529 On track - - Help my wife make money on Etsy - Maybes: - Finish cleaning up the basement and turn it into a play area. Not going crazy with finishing the basement, but getting carpet remnants and some cheap furniture will make it nicer - Release another iPhone app. Actually monetize this one - If my current job doesn't get better, start looking for a new one
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Boring June and July update inline. Skipped updating last month due to Summer being busy with non-financial related things. Not a ton worth reporting.Grumpwagon posted:2018 Goals
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July. Guest2553 posted:1) Save 24k saved 2k this month for cumulative total of 12800. OK moneywise but I feel like a fat sack of poo poo after falling off the gains train ![]()
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Time for an updateHappiness Commando posted:2018 Goals: I ended up at a job with a 401k, which was new to me. IRA is already maxed, and I'm on track to max out the 401k more or less right at the end of the year. That's $1,000 short of my target, though. I already put $600 in a brokerage account a couple months ago when I was feeling fancy, so I just need to do the same with the $400 summer bonus I got (apparently that's a thing at my company, too) and I'll be there. Edit: Actually that's not true. The 401k match is pretty lame - 25% up to 6% vested over 3 years, but that still gets me a free $425. That $400 that I could have put in brokerage only gets me hookers or blow, though. Maybe I should put it in an ICO until I can properly afford both. Happiness Commando fucked around with this message at 19:45 on Aug 4, 2018 |
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Half-ish Year Update! 2018 Goals that are on Autopilot: 1-Max out retirement plans (I'm just going to lump these together because at this point that's how it feels) On track 2-Max the HSA same caveat as last time, will do this year for sure based on total savings; see below 3-Maintain 529 contributions On track 4-Keep current car to the "breaking point" passed 200,000 miles, and just changed the brakes BIG HARIY AUDACIOUS GOALS TIME!!! 5-Buy at least one rental property, preferably small multifamily (aka 2-4 units) It's at 23k saved so far. I can definitely max the retirement accounts, but out of laziness still look at syndication deals 6-Dedicate 10 hours/month to side hustle with best friend Good news: we can cover our expenses with cash flow! Bad news: he's moving so we had to shudder things for a part of this month 7-NON FINANCIAL: Dedicate an average of 1 hour/day to exercise this has been undulating to say the least. Not giving up though! 8-NON-FINANCIAL: Read an average of at least 1 book per month (superstretch: 1 per week)meeting the superstretch still! ![]()
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August - ![]() Raise net worth from 101k to 134k: $120.5k (Behind track!) Increase house fund from 11.2k to 20.7k: $17.3k (Behind track by $200.) Contribute $2.6k to Roth IRA: $1760 (On track!) Yesterday, our (teacher's) union ratified a new contract that will give me a ~12.3% increase in pay over two years. I'm pretty happy about that. I'm also reaching the highest educational pay level, which will give me an additional ~$4k/year raise. All in all, this school year my monthly take home pay should increase ~$600 starting at the end of October. I might not be able to get my education verification stuff in that early, though, so some of the increase might have to wait until November. With this influx of new funds, I should be able to smash these goals. Exciting!
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Is it the end of August already? I feel like so many of our goals are on autopilot, but we've made some really substantial progress.EAT FASTER!!!!!! posted:Oh man, exciting stuff!
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oh nice you got that 457 you lucky bastard
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You gonna move out of your $300k house and to something more expensive? Don't go crazy bro, you're building the EAT FASTER Empire!!
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KYOON GRIFFEY JR posted:oh nice you got that 457 you lucky bastard $140,000 annual tax advantaged retirement contribution space now protected from RMDs by the Trump administration? ![]() GoGoGadgetChris posted:You gonna move out of your $300k house and to something more expensive? Don't go crazy bro, you're building the EAT FASTER Empire!! See above, but yeah I think we want to move to another school district that's going to require like 50% more moregage. ![]()
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EAT FASTER!!!!!! posted:See above, but yeah I think we want to move to another school district that's going to require like 50% more moregage.
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EAT FASTER!!!!!! posted:$140,000 annual tax advantaged retirement contribution space now protected from RMDs by the Trump administration? this is why i could be in favor of single tax advantaged space since the structures are bullshit! why don't i get that!!!
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# ? Jun 11, 2024 01:41 |
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Autopilot means not much to report on the financial front, and lack of consistency means not much on the health front for August. However, there was a big (expected & planned, but still big) change on the learning front, which will eventually lead to things to report on the financial side. I'm getting the formal go ahead to start the transition from QA to dev at my current company. Update inline. Grumpwagon posted:2018 Goals
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