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I'm game for the new thread as well. I must restore my honor!
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# ? Dec 16, 2016 19:59 |
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# ? May 28, 2024 14:37 |
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I can post a thread later this afternoon if no one else is already planning to do it.
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# ? Dec 16, 2016 20:12 |
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I went ahead and did it as the 2016 version didn't really have any OP aside from the OP's goals, so I figured I could do the same. If someone wants to do a different one with more content in the OP, fine with me though.
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# ? Dec 16, 2016 20:16 |
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Nail Rat posted:I went ahead and did it as the 2016 version didn't really have any OP aside from the OP's goals, so I figured I could do the same. If someone wants to do a different one with more content in the OP, fine with me though. Nah, I think this works Link: http://forums.somethingawful.com/showthread.php?threadid=3801901
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# ? Dec 16, 2016 20:18 |
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IllegallySober posted:Nah, I think this works Thanks for making the new thread!
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# ? Dec 16, 2016 21:21 |
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poo poo, I haven't even closed out this year. You guys are too ahead of the game.
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# ? Dec 16, 2016 22:28 |
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Here's mine...not great:
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# ? Dec 16, 2016 22:43 |
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[quote="KYOON GRIFFEY JR" post="465075722"] KGJr Goals 2016 Edition Still have weird cashflow, so some goals to be executed by Jan 1 2016, the rest during the year. I need to be more accountable to my year end goals. Before Jan 1 During 2016 Max 401k to take advantage of absurd match - $18k. I have set my contribution amount to support this. Done Save $6k towards house down payment Done! Don't move out of current apartment while keeping rent increase under $100/mo Signed new lease with $50/mo increase Don't get married / have kids so far so good Take a cool vacation vacation executed successfully Additional 2016 goals: Put $1000/mo in to the house fund. done Put $500/mo in to taxable brokerage. done Stretch goal: net worth of $175k (including retirement, excluding checking) at end of year. Post bonus goals - bonus should be at least 25k after taxes it is actually 30k post taxes nice Set aside $5,000 for vacations done Max IRA done Set aside $5,000 for moving next year done Put remainder in house fund haven't done this yet Buy a case of Yamazaki 12 haven't done this yet but I will soon! I'm going to declare victory on this year and move on to next year!
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# ? Dec 16, 2016 23:14 |
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2016 was not good 1. By the end of January, pay off last ~$1450 CC balance 1/31: DONE 2. Maintain 0 balance on credit cards this time, goddammit 1/31: cards set up to pay full balance every month so I can't forget and carry it over 4/28: still doing it yay 12/17: FAIL 3. Add $4000 to efund 4/28: working on it, I have added a little over $1000 12/17: income got shaky, used it on bills and ect., it's been up and down but overall FAIL 4. Max 2016 IRA 4/28: automatic monthly contributions have been happening since the beginning of the year so this is on track Also I realized the other day that my IRA is now bigger than the remainder I owe on my house so that felt pretty good. 12/31: FAIL (sort of) because I wanted to do this by the end of the year and will have to finish it up in the first part of next year 5. Start and fund HSA 4/28: no progress yet, kinda want to focus on the other stuff for now since my overall goal is breaking bad habits so I want to get stable and stay that way for a while, probably will put this off til closer to next tax time. I'm starting to worry about my car; it's 12 years old and I don't want to replace it yet but need to be prepared if it starts having problems, so getting my efund nice and beefy to cover potential car issues is the higher priority at the moment. 12/31: FAIL since I'm continuing to put this off After the update at the end of April some poo poo happened. My pay got squirrely, my health went down the toilet (had the flu twice in like 3 months among other things), I got really stressed and prior to all that I'd been semi-managing untreated depression on my own but everything wore me down to the point that I wasn't managing anymore and the wheels started to come off. I came very close to quitting my job and during all that kinda said gently caress it to holding onto goals n poo poo and just went with the path of least resistance (floating bills on the CCs until money came in). So slap a big FAIL on my goals, but I got into therapy and on medication so that's positive at least Got a new wrinkle for 2017 -- the main funding source that maintains my job and basically the whole agency goes away in 2 years. I owe $28k and some change on my house, and it would be cool as hell to have it paid off before I have to start looking for a new job. I'm still thinking about if I want to publish my 2017 goals but in general it's still the same thing -- get stable, stay stable, retirement contributions, e-fund, and sock whatever I can manage toward the house. At least finally having the sadbrains under control will be extremely helpful toward actually staying on target and managing whatever bullshit 2017 throws at me. Everything Burrito fucked around with this message at 05:04 on Dec 18, 2016 |
# ? Dec 18, 2016 05:02 |
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Original Post | First Quarter Update | Second Quarter Update | Third Quarter Update | End of Year Update Retirement Savings Goals
House Savings Goals Goal $9,000 | Stretch goal $15,000 | To-date $60,000 As above, we were able to greatly exceed the stretch goal thanks to the proceeds of the sale of my partnership share And we close on a new house on Tuesday! This will give me all sorts of opportunities for 2017 financial goals. Resolve family partnership issues and improve tax withholding situation Goal: Be on track to exit partnership in 2017 | Stretch goal: Exit partnership by the end of 2016 | To-date: We're out! We got out, and that's great. My aunt is a horrible person, but we're 95% done with her. Only thing left to wrap up is getting the tax documents from last year's sale. Get my parents to update their will I've had some minor conversations, but no major progress. No gambling in my home state No gambling in my state or during any of my travels Stop applying for credit cards after July Haven't applied for anything since July, and the last round of bonuses have posted. Next year we're taking a three week trip to Asia using first class on ANA, Korean, and Cathay Pacific. I was also able to book economy Korean/JAL roundtrip for my friend to join us for a week in Korea. All of this for points earned from bonuses. What a system! I give myself a solid A. Getting out of the partnership is a dream come true, and the house we're buying is so amazing in every way. 2016 was a good year, BFC.
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# ? Dec 18, 2016 17:45 |
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Omne posted:Hopefully I do a better job in 2016 of sticking to goals than I did in 2015, though I don't imagine another engagement and house purchase. 1. Complete! Paid cash for the wedding, and thankfully my father paid for our honeymoon. 2. Complete! 3. Complete! 4. Fail! Currently sitting at $8200 5. Fail! It's down to $11,600 but that's essentially paying the minimums. Three out of five, not good enough
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# ? Dec 18, 2016 19:39 |
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2016 Goals (Dec. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles Didn't complete - - - - - - Release two iPhone apps Didn't complete Stretches - - - - Missed on two, but got my stretches. Not too shabby.
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# ? Dec 19, 2016 04:35 |
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pig slut lisa posted:stuff Congrats on all that stuff, god drat! The way you crushed even the stretch goals is the best part.
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# ? Dec 19, 2016 16:34 |
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Huge year for us, wife lost her job, then became a cofounder of a startup and we had a kid. So we didn't reach all our goals but I feel really good about where we ended up with all the changes.Tyro posted:
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# ? Dec 19, 2016 16:48 |
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Nail Rat posted:Congrats on all that stuff, god drat! The way you crushed even the stretch goals is the best part. Thanks! On the one hand, the numerical goals felt embarrassingly easy after getting bought out of the partnership. On the other hand, merely charting a course out of the partnership seemed like a herculean task at the beginning of '16. The fact that we got bought out midyear was truly amazing and lifted a huge weight off the chests of my side of the family. The '17 goals are going to involve some house things since we close tomorrow
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# ? Dec 20, 2016 05:09 |
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End of Year Report! DESIRED ACCOMPLISHMENTS: - Increase gross income to $[redacted]k ($[redacted+10k] with reimbursements). Success! I got a surprise raise and cleared this by a couple thou. - Put $10,000 in 401k (edited down from $15,000 12/30, I'm looking for new, more expensive, but more tenable living arrangements) Wasn't aggressive on this. I'll be about $500 short. My employer's contributions will push me over though. Looking to max this next year. - Max ROTH IRA. Done, and money is set aside to do so for next year on Jan 1. - Take and pass the EIT exam. Done! - Move to a place closer to work while keeping my total housing expenses under $1.3k/mo. Done beyond my wildest hopes and dreams - Take a dang vacation without feeling guilty. Did, but it was a kind of lousy vacation. gently caress Miami. - Stay the hell outta debt. Still only got my car payment. 5 more months! - Finish 4 more classes with Bs or better for that sweet sweet free education Done! Reimbursements, here I come. ONGOING GOALS: - Date without breaking the bank (subjective). Success! - Limit alcohol spending to $30/month. Utter, miserable failure. I finally understand the appeal of brown liquors, and it is destroying me. - Limit video game spending to $25/month. A less miserable failure, but a failure nonetheless. Averaged $40/mo. Will work on this next year. - Limit Fast Food to 1 Purchase per month. Failure. Averaged 2-3 times. Living within walking distance to a McDonalds is not good after a night of drinking. - Keep constant on YNAB -- 18 months and counting! About to clear 30 months, whoo! STRETCH GOALS: - Max out 401k Nope - Put another $10,000 towards general savings (house in 2017? We shall see) Yep, and DEFINITELY nope. Love my apartment and plan to stay there at least another year. - Reach $[redacted]k net worth I forgot this number, but I'm pretty sure I did. - Keep my 4.0 GPA Nope, thanks to a BS exam grade that I didn't bother to argue in Spring. It will have zero impact on my finances, career, or anything else.
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# ? Dec 20, 2016 16:16 |
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It's great to read all of these posts about getting poo poo done, even when plans change You all are awesome!moana posted:2016: The Year of Simplifying poo poo let's go knock 2017 on its loving rear end!
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# ? Dec 20, 2016 18:47 |
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moana posted:It's great to read all of these posts about getting poo poo done, even when plans change You all are awesome! drat Moana, nice work. Keep up the relentless romp toward financial independence! And congrats on the baby fun times.
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# ? Dec 20, 2016 21:08 |
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moana posted:It's great to read all of these posts about getting poo poo done, even when plans change You all are awesome! 2017 goal: let's run through a wall together woooooo
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# ? Dec 20, 2016 22:08 |
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dreesemonkey posted:3rd quarter update As expected, my goals this year were extremely boring and not really all that challenging. I feel as a whole we did fine, we're saving moderately for retirement and kid's college, $1000+ in daycare monthly, and we're not in debt other than our house. I think that 2017 will be the start of more financial traction so a boring 2016 is pretty much a big win in my books. Completed: Not complete: 2. Save for a bathroom remodel (approximately $4000) - This was never really meant to be completed this year, but we ended up spending most of what we saved when our basement flooded and we bought a new washer/dryer earlier than planned. The project scope has also expanded to "well we'll need to buy 800 sqft of hardwood flooring for the house as well", so this is likely pushed off quite a bit. 5. Stretch goal: Make additional $1200 principal-only payments on our mortgage - $800, so 3/4 of the way there. Not too awful.
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# ? Dec 22, 2016 17:30 |
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Final 2016 update inline below. Not the best year, but made some progress and it looks like 2017 is setting up to be better.IllegallySober posted:IllegallySober's 2016 Financial Goals (AKA Operation: Freedom)
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# ? Dec 22, 2016 22:10 |
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Final Update!! 1. Raise my net worth from $55k to $70k. $72.9k. 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. DONE! 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. $2730/$1500. DONE! Met all my goals!
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# ? Dec 23, 2016 18:30 |
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spinst posted:Met all my goals! Dude, that is so awesome. Congrats!
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# ? Dec 23, 2016 18:50 |
froglet posted:Last month I was worried I couldn't make it, this month... - increase non-retirement investments from 60k to 80k I'm calling this Done, since my between all my non-retirement savings and investment accounts I have $80.7k (though I've got one more pay to go this year). I decided to increase my cash position because I'm getting married next year and thought it'd be handy if we decide to have a honeymoon. Note that I went through a job change right before going on a 3.5 week holiday to the US, otherwise this final number would have been higher, heh. - stretch goal: increase non-retirement savings to 1.5x my gross salary. Nah, didn't happen, lol, especially since I got a 10k pay increase. - continue salary sacrificing $150 a month into superannuation Meh, didn't set this up with my new job. So on the one hand, DONE because I did continue the salary sacrifice right up until I changed jobs, but on the other hand, I didn't stick it out a full year. - stretch goal: increase net worth to $130k (including super) I'm actually only 3k away from this. I should be here by January. - do one online course relevant to my industry Done! On top the course I did online, I also got sent on a trip to do another work-related class! - read three finance books relevant to Australia Done!
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# ? Dec 25, 2016 17:06 |
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slap me silly posted:Ok let's play good idea / bad idea for slap me silly in 2016. I'm thinking about selling my house and moving into a one bedroom apartment. So, I sold my house and moved to a pricey apartment. I also just signed the lease on a slightly less pricey apartment in a much cooler part of town, got a 6% raise that I didn't even ask for, started maxing out my 401k, paid off my car loan, and opened a donor advised fund. Been a good year financially even in spite of all the $$$ I spent on fancy whiskey and computer toys. Fully expecting to lose my job and go bankrupt in 2017
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# ? Dec 25, 2016 17:16 |
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December update inline. We will be officially debt free as of Jan 2nd. That's the last major/stretch goal completed. I'm super excited about that. Writing down my goals has helped a lot (at least for monetary goals.. lets not talk about weight goals), so I'm definitely going to post 2017 goals in a week or two, after I've had some time to think about them, and discuss them with my wife. Despite outside forces conspiring otherwise, 2016 has been pretty great for me. I got a huge raise at a new job, got married, paying for 90% of the expenses ourselves in cash (with the parents paying the remaining ~10%), paid off close to $40k of student loans and raised our NW by nearly $50k. This year has set us up really well for the future. We now have a firm foundation to save for a house down payment, and possible early retirement. Thanks thread! Grumpwagon posted:
Final tally is 3/3 major goals + 1 stretch goal. 4 1/2 out of 6 minor goals. Apart from the miserable weight failure, a very successful year!
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# ? Dec 28, 2016 23:20 |
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drat Bananas posted:Starting this past June I've been keeping a spreadsheet of all of mine/husband's income, expenses, and savings/investment contributions. It's not a full year of data, but it was a good enough spread that I have an idea of monthly averages. So, my 2016 goals are to: 1. Done! Such an oddly satisfying habit. 2. Mostly done. I had to go above budget on a few things which threw those categories out the window. Cat was diagnosed with kidney disease requiring monthly sub-q fluids administered at the vet, an expensive prescription food, and her increased water intake makes for increase litter output. Also, I decided to redo the siding and windows on the house so my home expenses were ridiculously above budget, but they increase the value of my home and better insulate for future energy bills. 3. Done, and decided against ROTH-ing and un-ROTH-ing them. 4. ..................honestly I forgot that this was a goal. I will update Vanguard right now. 5. Decided against this goal. Current boring SUV is still functional. Managed to save a big chunk of cash that I could change my mind with if I wanted to, though. According to my spreadsheet we spent our income this way: 53% spent 23% invested 23% new 1% savings account (emergency fund) I'm really proud of this. We have some extremely fortunate circumstances that allowed for the cards to fall this way, but I think we did a really great job of balancing responsibility with living-life fun-stuff.
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# ? Dec 29, 2016 23:01 |
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Original goalsBaja Mofufu posted:Do YNAB every month FAIL, made it to April 2016 wound up being a great year financially. I'd been feeling some guilt about not pitching in with an income since I stopped working on January 1st to stay home with my daughter. My husband is fully supportive and it's been so fulfilling, but I couldn't let go of the thought that I was being a drag. However, we were still able to meet our pre-kid net worth goals! (Not our pre-kid savings level though, part of this is thanks to the market.) Regarding the failed YNAB goal, I realized around April that neither of us has the discipline to budget. We've tried off and on for several years and it never happens. The system we always fall back on is to budget out after-tax savings per month and never let our checking account go below a certain balance. I'm happy with how we're doing so I think we'll just stick with that. We're getting ready to save for a house for the full kid + house BWM playset. Be kind, 2017!
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# ? Dec 30, 2016 02:15 |
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app posted:2016 Goals: Year End Update: 1) Complete - boom 2) Complete - actually ended up putting in 150% of plan: $30k 3) Complete - boom 4) Complete - gently caress yeah, savings on target plus a generous market - net worth now at $865k 5) Complete - Income increased to $224k - booo yaaa!
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# ? Jan 1, 2017 07:24 |
Harry posted:2015 was a great year. Unfortunately/fortunately things are going to most likely slow down for 2016. So 2016 wildly exceeded expectations. 80% raise, and a couple of big stock wins skyrocketed the networth. 1. Haven't gotten screwed on the real estate deal yet, and bought into another one. Getting around 8% on the money at the moment. 2. Got a new job in March, and it doesn't have a 401k plan. Going to try to get my company to start one, and I'll probably have to do all the setup work so we'll see how it goes. 3. This one hasn't been that great. Held off on repairs since there's a foundation issue that's causing cracks in the walls. HOA is dicking me around pretty hard and I'm just hoping I come back to my condo on fire. 4. Dual monitors have been awesome. 5. Side job had found a replacement for me before I was going to quit, gave me a going away present (lol). I also ditched mint since it doesn't work with 25% of my accounts and use GNUCash now. It's more work, but I really do like it.
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# ? Jan 1, 2017 21:19 |
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Proposition Castle posted:Putting this in writing so I can hit this goal and hopefully next year's: Goal crushed. I submitted my recalculation request last week and my new monthly payment is $1050. Gonna try and pay off the last $60k this year.
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# ? Jan 2, 2017 00:07 |
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I didn't post in this thread but just ran my 2016 numbers and am in a BFC kinda mood so here we go. Based on my spreadsheets I was aiming for a net worth of 178k, with a stretch projection of about ~183k. I finished 2016 ontarget (NW of 177.8k, plus a $225 work expense I'm waiting on), but missed the stretch because of an unexpected pregnancy/car trouble/broken computer/unplanned move that all popped up the last few months of the year. I'll be making quite a bit less this year while spending a lot more (higher COL area, bigger house, more babby) so my 2017 laws is to stick to a budget. That's my story, see you all in the 2016 thread
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# ? Jan 2, 2017 06:01 |
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I also just finished up my end of year review. 2016: Good things 1. Finished up my emergency fund - $40k 2. Achieved a savings rate of 50% of gross income 3. Argued (for like a minute) with my bank for $0.86 in interest I shouldn't have been charged, maintaining my interest free record Bad things 1. Had to pay $20 for a cash advance and interest due to a screwup with foreign currencies abroad, ruining my interest free record 2. Really blew a lot of money on food 3. Screwed up Quicken so I'm missing out on half of my transactions and have no idea what categories they fall into 2017: Significantly cut down on wasteful food spending Increase my investment accounts by 150% Build a downpayment for a house + investigate pros/cons of owner occupied rental properties
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# ? Jan 2, 2017 20:34 |
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Moneyball posted:2016 goal: Be worthless* After my last paycheck for December, my net worth is now $15,461. Almost a $40,000 swing from last year at this point. Goal 1: Abandoned. Failed? Paid off debt instead. Goal 2: Paid off my car Goal 3: Paid off all debt set to accrue interest starting in January, but now I have around $3,000 set to start accruing interest in June Goal 4: Just about maxed 2016 HSA, so I'm considering this completed. Goal 5: Paid off all 6.8% debt; completed. Non-monetary goals: Failed both. Left my full time job (working part time elsewhere) to focus strictly on the CPA. Better get this ish done. Good year.
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# ? Jan 5, 2017 19:47 |
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So, my original goals were:Zuph posted:Alright, Financial Goals 2016: However, in June, this happened: Zuph posted:Currently working through a tough separation with my partner of over 7 years (emotionally, financially, etc.), SO this years goals are hosed until further notice. So, in summary! 0. Paid of credit cards! 2016 was the year I became totally debt free! 1. Did this! Also, put aside max company match in 401k, for a total retirement savings rate of approximately 15% my income 2. Nope! Did not achieve this! In fact, I have less in the emergency fund now than at the start of 2016, in having to dip into savings in order to make a clean break with my ex. 3. Nope! 4. Nope! But, I did managed to take two short trips to visit friends in NYC this year, which was a lifesaver in a lot of ways. 5. Nope! New 2: Actually, Kinda! My net worth definitely peaked in June of this year, at $10,818. As of December 31, it was $7902. However, as of January, it was $8,851. So, for the year, I'm down less than $1,000. I definitely consider that well-spent to be on the other side of all the emotional stuff I've gone through this year.
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# ? Jan 7, 2017 23:04 |
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tumblr hype man posted:Gone back and forth on these, but here goes. OK, a little late, but I did 2/3 in 2016. Student loans have been PIF for several months. EOY Net Worth was $27,580.48, which is short of target, but I will hit $30K by the end of January most likely. I didn't buy a new car. I got a new job in September, that gave me a 15% raise, and in March I should be moving from Consumer Lending to Commercial Lending, which will come with another raise. I'm shooting for about a 30% increase there. If I get that I will have had an 87.5% increase in wages in like 3 years. Which really just shows how underpaid I was at my first job I guess. So overall didn't accomplish everything, but this is a gentleman's D I suppose.
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# ? Jan 9, 2017 18:02 |
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Couple weeks late but whatever.Dessert Rose posted:
Well, last year topped out at 379k, so thanks to the market I did pretty well. I even made a bad decision and sucked out: when the market dipped in Jan I moved all my bonds to taxable and my total market funds to my IRA, harvesting the loss in the process. Now I have significantly more tax advantaged space in my IRA, since the bounce back happened there, and I get to claim a not-insignificant loss on my taxes. I also got married just before the end of the year and did so with no spending on a wedding so now my taxes will be much lighter. I didn't do so well staying within 36k for the year; I think I ended up somewhere around 42. I have to work on my tendency to go crazy at end of year when I've maxed out my 401k and my paychecks double in size. Still, even with discovering quadcopters I didn't ruin my budget too terribly much. Same with not eating out: good start, sloppy finish. Gotta get back on that this year. I don't think I bought a console last year, I think I got my PS4 the year before that, and I didn't buy a new computer or phone. So I won on that score! A pretty good year. I'm over halfway to FI (or at least to the point where I start figuring out the logistics there). My gains from existing investments are starting to catch up to my spending... I've got good momentum now.
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# ? Jan 9, 2017 19:48 |
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leftist heap posted:I really only have one financial goal this year and that's to save a total of $15k (at least). I sorta hit this? I put over $15k into savings accounts this year, so that counts, but my fiancee and I hosed up and declared ourselves common law and she ended up no longer qualifying for student aid, so I had to withdraw from my e-fund to pay for school unexpectedly. Ultimately my net worth didn't really go up accordingly. So... sorta a success. leftist heap fucked around with this message at 20:51 on Jan 10, 2017 |
# ? Jan 10, 2017 20:44 |
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quote:1. +60k net worth (~165k -> 225k) 2. Maxed our regular and after-tax 401k contributions. Ignored IRAs because we moved to Germany and I had to get that stuff done by September. Actually now that I think about it I could probably still dump money into backdoor roths for tax year 2016 huh? I'll look into it. Mostly success since the total 401k contribution limit dwarfs 2 IRAs. 3. lol no. Failure, maybe next year. 4. I think we tried this and then promptly gave up. Failure. 5. We did indeed get some points that we successfully used for flights, so success! Now that we live in Germany though it's going to be hard to play that game, although I can continue using what American CCs we have a lot of the time.
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# ? Jan 13, 2017 13:02 |
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# ? May 28, 2024 14:37 |
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Dessert Rose posted:Couple weeks late but whatever. That is a wash sale, bud... I mean, the odds of ever getting caught by the IRS are very close to 0, but what you did is technically a wash sale and strictly speaking does not generate a tax loss.... unless you waited 30 days, I guess. The IRS has ruled (Rev. Rul. 2008-5) that when an individual sells stock or securities for a loss and causes his or her IRA or Roth IRA to buy substantially identical stock or securities within 30 days before or after the sale, the loss on the sale is disallowed under section 1091 and the individual's basis in the IRA.
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# ? Jan 22, 2017 03:59 |