|
alnilam posted:^^^ sorry about your troubles bud Congrats my pal Nail Rat posted:Changes in goals due to surprise divorce after only 14 months. GWM (that it didn't come later), BWL (that I now have to work through all this emotional baggage)? I dunno. Sorry my dude
|
# ? Oct 26, 2016 22:55 |
|
|
# ? Jun 5, 2024 23:51 |
|
Nail Rat posted:Changes in goals due to surprise divorce after only 14 months. GWM (that it didn't come later), BWL (that I now have to work through all this emotional baggage)? I dunno. Sucks man but it will be alright. Been there and now live with my sweet girlfriend. Do your best to get out of it with your money.
|
# ? Oct 29, 2016 04:15 |
|
Goals: 1. Raise my net worth from $55k to $70k. $69.7k 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $6280/$5400. Next payment will pay off the car. 5. No credit card debt. On track. 6. Stretch Goal: Start saving for a house. A nominal amount, say $1500, just to get my morale going while I finish paying off the car. Edit: $1000/$1500. Just ordered the new laptop I've been sorely needing, which I am paying for using funds from this goal and cash back rewards I've been saving up. Still will hit this goal in the next two months, though! spinst fucked around with this message at 17:17 on Oct 30, 2016 |
# ? Oct 29, 2016 15:54 |
|
overdesigned posted:1) Get emergency fund up to 10k (adding 6500) Spooooooky end of October update time. 1) Pulled $1200 out of this, balance sitting at $8750, because of #3 2) Still going strong here, probably gonna hit $50k unstretch goal. 3) From #1--paid this off! 4) Added $250, up to $2350 saved. Looking at next month's budget, I'm feeling pretty good that I'll meet my goals for the year (the TSP max-out was too aggressive and since I parentheses-ed it I'm gonna say it was a stretch goal I didn't hit). Maybe not as extravagant in Christmas gifting as in the past, but that's not a terrible thing. I think now that I've got my e-fund built up and that loan paid off, my big 2017 goal can be to actually hit the $18k contribution limit on the TSP (and maybe open an IRA?). My total contributions this year are going to be about $7500. Also mid-late next year I should get promoted which is going to help a ton. I'm gonna look back on my annual spending in December and see what, if anything, seems unreasonable, but right now it looks like my net worth increase this year is going to be about 40% of my gross income, which I think is pretty solid.
|
# ? Oct 31, 2016 14:49 |
|
October update inline. Great progress on the loans, pretty much no progress on my non-monetary goals.Grumpwagon posted:Major goals Grumpwagon fucked around with this message at 15:25 on Nov 3, 2016 |
# ? Nov 1, 2016 21:29 |
|
Nothing big. 2016 Goals (Oct. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles - - - - - - Release two iPhone apps Stretches - - - Pay off my car (~12000 @ 2%) I'll be paying this off next week. -
|
# ? Nov 2, 2016 01:05 |
|
EAT FASTER!!!!!! posted:2016 isn't a sunk ship by any means, but my timeline for goals is more appropriately 2017, so I'm going to get them down in writing.
|
# ? Nov 2, 2016 07:24 |
|
yooooooo that 50k 401k balance goal is loving shot so fuckin whatever overdesigned fucked around with this message at 17:05 on Nov 9, 2016 |
# ? Nov 9, 2016 07:15 |
|
LOL@Idiocrazy being a documentary. Goodbye every goal ever. Good luck world.
|
# ? Nov 9, 2016 08:21 |
|
Good start, man - any way you can pull ahead one or two of your '17 goals in to this year?
|
# ? Nov 9, 2016 14:43 |
|
KYOON GRIFFEY JR posted:Good start, man - any way you can pull ahead one or two of your '17 goals in to this year? I could definitely pay off a second card if I cashed out the emergency fund but the EF is only at $2500 right now and the remainder cards are at 0% interest so it looks like I'm going to have to wait until the February quarterly bonus to hit another one for progress. I have managed to max MY 403b though, my wife just couldn't do it making 12 months of payments in 4 months. My plan is 2) in May '17 3) in August '17 4) December '17 5) beginning January '17 6) June '17 7) July '17 8) June '18 9) On track for December '17
|
# ? Nov 9, 2016 16:52 |
|
Thanks for the words of encouragement earlier guys. Good news is looks like my wife will accept a settlement of only $6k cash (being a very short marriage, it's not really worth her time and money to try to fight to Its not the end of the year I wanted, but after I sell my car I should be sitting at about 98k net worth at the end of the year, when I had a personal net of 51 at the start. Wouldn't be a bad outcome for a year with a divorce as part of it Nail Rat fucked around with this message at 21:19 on Nov 12, 2016 |
# ? Nov 12, 2016 21:17 |
|
Glad it's over and relatively painless. Financially speaking, at least.
|
# ? Nov 13, 2016 03:18 |
|
Update inline below. These last 45 days or so of 2016 are the biggest for me. With careful budgeting and a few breaks, I can come darn close to killing off my student loans with football officiating checks (approx. $4K) and income from year-end company bonus. I'm not going to force it though at the expense of the rest of my budget. If it takes until February, then that's how long it takes.IllegallySober posted:IllegallySober's 2016 Financial Goals (AKA Operation: Freedom)
|
# ? Nov 16, 2016 16:47 |
|
IllegallySober posted:Update inline below. These last 45 days or so of 2016 are the biggest for me. With careful budgeting and a few breaks, I can come darn close to killing off my student loans with football officiating checks (approx. $4K) and income from year-end company bonus. I'm not going to force it though at the expense of the rest of my budget. If it takes until February, then that's how long it takes. Keep up the good work dude, that's already a huge blow struck in favor of your net worth. Hopefully the macro-environment of your firm keeps your compensation robust.
|
# ? Nov 17, 2016 00:05 |
|
EAT FASTER!!!!!! posted:Keep up the good work dude, that's already a huge blow struck in favor of your net worth. Hopefully the macro-environment of your firm keeps your compensation robust. I appreciate that. It's been a challenging year but still productive. The big thing has been changing my mindset so no matter how much money I'm bringing in, I can still pay down debt. Hopefully by summer, it will all be gone. I'll be in the 2017 goals thread too when that one shows up
|
# ? Nov 17, 2016 03:04 |
|
overdesigned posted:1) Get emergency fund up to 10k (adding 6500) IMPENDING HOLIDAYS update of HOLIDAYNESS aka november 1) This is at $9250 after paying off my loan early. Budgeted back up to $10k next month. 2) Still contributing! Hit $50k account balance! Calling this one done. 3) Paid this off last month! 4) Added $850 this month, budgeted to add $800 next month to hit the goal. Since I'm a month ahead in YNAB/budgeting, I guess...I'm done! Goals technically reached! As long as I stay in-budget for December, anyway. Happy 2016 y'all. Throwing down my goals in this thread has been really good at helping me stick to 'em and stay financially responsible. Last year I was budgeting and doing okay but this year I did better. Not buying a new car probably helped too... Spitballing goals for next year, in no particular priority order: -) Pay wedding costs in full (will need probably 12-15k) -) Increase TSP contributions to hit the $18k max (I contributed a little over $7500 this year but also only really started contributing in May) -) Cut student loan balance by half (so about $6500 payoff) -) I dunno, start saving for a house or something. Depends on where the Marines send me next. -) Save up like $1000 for a ridiculous splurge purchase.
|
# ? Nov 30, 2016 15:05 |
|
sweet_jones posted:2016 Goals: This was a good year; I mostly stuck with my goals while also buying a 101 year old house! 1. I'm seeing the futility in using NW as a goal and also the ambiguity of it as well. For me, I intended to get to 160 in investments and this happened. 2. I dropped this one. I moved really close to most everything important and while still lovely, my current car is only being used around once every two weeks. This should extend it's life for a while longer and put this goal on the back burner. Riding a bike, it turns out, is much cooler than driving. 3. Done. 4. Done. My goals for next year are going to be really simple: max 403b and 457 contributions. Never maxed either and I feel like everything else is in a good place.
|
# ? Nov 30, 2016 23:41 |
|
2016 Goals 4) Remodel 5) Research local charities/causes and make a meaningful donation - Nothing so far - get on this! Stretch Goals 2) Generate side income - Nothing so far I've been off work since August! So I'm doing all the manual labor in my ample free time. I should be working again come Jan, and if I'm working from home like I think I'll be doing, then I'll start looking into the kitchen as an early 2017 project so I'm still sitting on 30k in savings for that. Also mulling over putting in solar panels in 2017...
|
# ? Dec 1, 2016 18:36 |
|
November update inline. 1 month away from paying off nearly $75k student loans between me and my wife (including about half of that this year), as well as a debt free wedding. I'm super excited about becoming debt free (only to buy a house and start it all over again soon...).Grumpwagon posted:Major goals
|
# ? Dec 2, 2016 00:06 |
|
Grumpwagon posted:November update inline. 1 month away from paying off nearly $75k student loans between me and my wife (including about half of that this year), as well as a debt free wedding. I'm super excited about becoming debt free (only to buy a house and start it all over again soon...). Congratulations on the hard work getting your student loans paid down!!!
|
# ? Dec 2, 2016 14:11 |
|
2016 Goals (Nov. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles (Probably won't happen until January. And a good chunk of it will just max our IRA's for the year.) - - - - - - Release two iPhone apps (Not gonna happen. One was all I had the motivation for this year.) Stretches - - - -
|
# ? Dec 3, 2016 05:22 |
|
balancedbias posted:2016! YES! A Year for optimism. Then in June: balancedbias posted:1, 2, and 4 on schedule And now... 1 = DONE 2 = DONE 3 = She paid an extra 400 for a total of 3k early this year. Her mom 4 = still on schedule 5 = as I said before, diverted temporarily, but back at it. For the year, maybe 6-7k. The stretch of a stretch is not happening; at least it's for the relative positive (meaning the refund will be a bit big). I'm already looking forward to next year: 1 - Max the 401k and 457 2 - Max the IRAs 3 - MAX THE HSA! I have access to an HSA! Finally! (Nobody at work really knows why this made me so excited during open enrollment) 4 - Continue funding 529 at 250/month 5 - STRETCH - pay off that car loan. I'm taking this one back on myself; based on family dynamics, getting rid of this by the end of next year will recreate the type of cash flow that will allow a bit more breathing room and use as an unofficial family emergency fund. I don't think Trump got my letter to get an exemption from economic policy and outsource my parents/siblings/in-laws.
|
# ? Dec 3, 2016 13:29 |
|
alnilam posted:^^^ sorry about your troubles bud Final update I guess: as of payday 11/30, Goal 4 is complete which means all goals are complete! Total amount that I put away in Vanguard (maxed roth IRA and the rest in a taxable acct) ended up being about 44% of my post-tax pay for the year. alnilam fucked around with this message at 16:12 on Dec 3, 2016 |
# ? Dec 3, 2016 16:09 |
|
Goals: 1. Raise my net worth from $55k to $70k. $72.3k. DONE! 2. Pay off my car loan, which has $6.6k remaining. $6712 paid. Car is paid off. I am debt free! DONE! 3. Do something vacation-y this summer without taking on debt. I haven't been on a vacation in 4 years and I need one desperately! DONE! Took a very short but relaxing vacay on San Juan Island. 4. Pay for my last semester of grad school in cash. $3k. DONE! 5. No credit card debt. On track. 6. Stretch Goal: Start saving for a house. A nominal amount, say $1500, just to get my morale going while I finish paying off the car. $1850/$1500. DONE! I did good! All my goals are met with a month to go. Of course, I made these goals before I got a new position at work that pays $500 more a month. Time to start thinking about 2017's goals...
|
# ? Dec 3, 2016 17:07 |
|
It's nearly the end of the year so before I forget, let's see how we did! Goals for 2016 Figure out how finances work with a new baby (Just found out wife is pregnant) - Nailed it! We managed to pay cash for the delivery so no new debt from having baby (thank god). Get good renters into new rental home - Nailed it! We landed a great young couple that have paid on time, every month for the last 9 months. They've only called on two occasions. Once when the lovely wooden fence fell down and again when the basement flooded. Pay off credit card balance - Miss! Money that would have been used to pay off credit card went to paying for baby. We did manage to knock out a decent chunk even with medical expenses but we still have a balance. Save $10k for emergency fund (more than half way there already) - No progress made here. Still where we were. Pay off wife's car - Miss! We decided to trade in the wife's sedan for a more expensive SUV. Got an OK price on it but we still owe more on it than we would have if we had kept the sedan. Reality is that the sedan would not have worked with our growing family and since the wife is now a stay at home mom, the decrease in fuel efficiency is actually offset by the fact that she doesn't commute anymore. Purchase a second rental house - Nailed it! Second rental purchased in Aug and new tenant placed in Sept. Cash flows ~$300 a month after expenses. This along with 1st rental adds just under $700 a month in additional income. Figure out how finances work with a new baby! - Still figuring this out. There's a weird push and pull of what kind of baby stuff is actually useful/needed vs. overpriced crap. Unfortunately figuring out the difference usually doesn't happen until after the money is spent. That said, baby is awesome. Final Summary: It was a year of ups and downs. While we made progress in our long term investing by purchasing additional rental property, we took on additional consumer debt through the purchase of a more expensive vehicle. However, we were able to avoid taking on further debt by hording cash in anticipation of baby medical expenses. All in all, it was a good year.
|
# ? Dec 3, 2016 22:42 |
|
Sundae posted:2016 Financial Goals: #1 - Still a success. #2 - Complete and utter miserable failure. I'm going to have to do better next year. I'm barely going to turn $40K this year. I don't care all that much since I doubled my day job income this year, but it's still a failed goal. #3 - Failure? - Due to changes in the general marketplace for the side business, it went from an okay idea to not feasible. I killed the project to save the costs/time of running it. (Review service for self-publishing authors that links them up with ARC readers, and the authors pay to have their books featured. The main retailer for books has started culling ARC reviews and changed visibility for reviews that are advance and aren't from purchased copies on their site, so there goes all the benefit and most of the demand for said service.) #4 - Complete. #5 - Going to miss this. Cross-country moving costs ate more than I expected this year, and my wife's NGO trip to India was more expensive than she expected (I told her it would be, but noooooo). Combining that with the miserable failure of #2, and we're going to hit about $30K at the end of December. $50K will be reached by the end of February once bonus season kicks in, but that's not 2016 so FAILURE. #6 - Complete. I moved across the country and roughly doubled my day-job income. A 50% success rate (give or take depending on how you interpret #3) doesn't cut it. I'll not gently caress up so hard next year.
|
# ? Dec 5, 2016 02:46 |
|
OK, I don't think a whole lot will happen in december to change any of my goals, so here goes.Potrzebie posted:Monetary Goals: All in all I think I did alright, for a first timer. A major point for me was to write down things I wanted (new job, better location etc) and then work to achieve the things. Next time will be less things I can not control and more easy defined goals.
|
# ? Dec 5, 2016 09:28 |
|
spwrozek posted:Well after an interesting 2015 I am ready to get back into some really good financial goals. I did all these things (#4 changed to a sweet rear end road trip coming in Feb), maxed my 401K, maxed my Roth IRA, started putting money away for my mom's retirement, and I walk to work now. Looking forward to next year.
|
# ? Dec 6, 2016 01:41 |
|
KYOON GRIFFEY JR posted:KGJr Goals 2016 Edition
|
# ? Dec 6, 2016 13:15 |
|
u wan gently caress posted:Goals for 2016 I got surprise divorced instead of doing any of that so I guess I am just happy to be debt free with $3k in savings and non-suicidal.
|
# ? Dec 12, 2016 21:30 |
|
u wan gently caress posted:I got surprise divorced instead of doing any of that so I guess I am just happy to be debt free with $3k in savings and non-suicidal. Sup surprise divorce buddy. Hope you were able to hold onto your own retirement funds
|
# ? Dec 12, 2016 21:37 |
|
For the most part, yeah. Basically traded her $7k in cash for $7k in IRA transfers, which at this juncture is a fair enough trade for me. Walking away net zero all told. Could be a lot worse.
|
# ? Dec 13, 2016 00:31 |
|
I know you both are probably still feeling down, but this seems like a great opportunity to find love in each other's arms and show everyone how to plan a real BFC wedding
|
# ? Dec 13, 2016 02:38 |
|
I'll DJ using spotify and invite a lobster taco truck to 'cater'
|
# ? Dec 13, 2016 08:58 |
|
Maybe turning gay would be GWM. Final goal update...the divorce went smoothly (retirement accounts intact except for a 4 figure 401k loan to pay the settlement and legal fees), but I got the smallest bonus I've ever gotten at this company. You win some and you lose some. -$15k to 401k. Done - will be about 15,300 before matching. -$4000 to IRA. Done -Max HSA. Done -Pay off personal loan. Done. Considering this started the year at over $26k, happy about this. -Finish year with over $10,000 in savings. Well it'll be more like $9k, so close. All in all personal net worth went from $51k to $95k by years' end. Year didn't shake out as well as I wanted it to, but I guess it's hard to complain about that end result given the circumstances. 2017 should be even better, because while the divorce gave me a short-term hammering, it's actually very good for my cash flow. Also I *would* have hit the 10k savings goal but I just booked a flight to Ireland in the summer with one of my best friends, who's from there. We'll be crashing at his childhood home, so GWM comes from BWM. Nail Rat fucked around with this message at 15:27 on Dec 16, 2016 |
# ? Dec 16, 2016 15:05 |
|
So who wants to start the 2017 thread? It was December 13th last year. I need some guidance on 2017 goals. Today is my last day at my full-time job, and I will be working part time while focusing on the CPA. By the end of December, I should have: $12,500 savings $3,000 credit card debt at 0% APR until June $6,800 student loan debt at %3.5, paid ahead until 2022 Technically I could be debt free, with around $1,200 a month coming in from the part time job, but the interest rate is so low, I might leave that until I'm forced to make a payment. I plan to get back to work full time by summer, and go to grad school around that time, so I should be able to pay my first semester in full if I hoard my savings, saving me loan fees and higher interest. Once I start earning full time wages again, I can contribute that to retirement. Should I just pay it all off and be debt free? Hang on to it to pay tuition with cash?
|
# ? Dec 16, 2016 17:01 |
|
May be getting a bit outside the scope of this thread, but...what are your monthly expenses if you (reasonably) cut to the basics to do what you need to do while studying? I'd say keep at least that times three in cash savings. Especially as you have such a low interest rate on the student loan, you really only need to worry about paying off the credit card by June.
|
# ? Dec 16, 2016 17:10 |
|
I am loving JAZZED to put up some 2017 goals, because I think some exciting stuff is coming. Who is going to make the thread? It's that time!
|
# ? Dec 16, 2016 17:46 |
|
|
# ? Jun 5, 2024 23:51 |
|
I'm ready for the 2017 thread as well.
|
# ? Dec 16, 2016 17:50 |