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Welp, it's been a while 1. Max out Retirement plans (limit raises  ) Automated, on track.2. Max the HSA DONE 3. Maintain 529 contributions Automated, on track. 4. Keep current car as long as possible, but set aside "next car" fund. If I can get decent used, thinking 15k. Otherwise it's 25k new. 0% financing would be awesome. Ideally, I'd like to keep my current vehicle until it hits 300k miles, but I know that's not a guarantee.basically did a CD ladder of 19k. It's on a whim; whatever this grows to by the time I need another car, then that's what my all-in expese budget will be. 5. *Mixed goal* end of life planning for my mother, transition planning for my father, navigating a family cold war, and the finances behind all of this. My dad wants to relocate when mom dies, but he's guarded about how he'd get that done. Mom fell  but she's as ok as can be expected. My dad is less in denial and starting to give details on their overall financial situation with the right nudges, but still guarded.6 deleted due to change of course as noted in prior update. If a great real estate deal comes along, maybe, but not holding my breath. 7. Read at least 1 book per week (and one family/child related finance activity per quarter) fell behind after some work changes 8.Continue to work out at least 1 hour per day ditto 9.Create an actual "date night" schedule with my spouse This is going better than expected. One of them I even got her to view this kickstarter documentary I donated to called Playing with FIRE. She didn't roll her eyes even once, so I think I got her in my financial corner more than ever! 10. Back to basics: use a physical planner and calendar system along with task list to hold ourselves accountable. Well, at least we've been writing out our work and kid activities on paper calendars. Gotta start somewhere 11. Hobby/side hustle goals including download number, number of guests, sponsors, and blog posts (not set on values because I have to discuss it with my friend) well, my friend is settling into new dad life, but we have resumed with our first ever guest appearance, met our first contributor goal, looking at minor merchandise, and writing for other sites The biggest added factor right now is a potential job change, which may add a more flexible schedule in the long run, and added compensation for more administrative responsibility. This may be smoke and mirrors though, so I'm going to make sure I have my terms in writing. If they don't take it, then I'll stick with what I'm doing. Also, as I've learned more about 457 plans, I realize that mine is nonqualified (subject to creditors in the event of my employer bottoming out) so I will max it out for this year, then funnel future contributions into a taxable account (or more hopefully my wife has a qualified 457!)
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Jun 27, 2019 03:52
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 June Update! Raise net worth from 129k to 159k. $151.7k Increase house fund from 23.5k to 40k. $29.6k Increase e-fund from 9.8k to 12k. $11.4k Contribute $2.8k to my Roth IRA. $1.4k
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Jun 27, 2019 18:46
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June update 2019 Financial Goals:
2019 Personal Goals:
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Jul 1, 2019 04:01
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Doccykins posted:2019 goals End of June  Still Zero Consumer Debt. Turned down another week away as we have a couple of weddings coming up in August/September Did 7/16 office days, still not 12/16 but an improvement £2.5k - still behind here. I'm also ramping up short term savings instead for things I want to buy in the next year so keeping that cash out of the markets See title of YOSPOS thread "interviewing and recruiting is garbage" >£89k THANKS OBAMA. A good month here which makes me feel better about not dumping so much in the ISA
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Jul 1, 2019 12:31
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DJCobol posted:1) Max out Roth IRA contributions of $6,000 - On autopilot, but I've been considering just dumping it all in now, and taking my bi-weekly auto transfer and start saving for next year. I've gotten some of my other spending under control and with my GF now living with me, other expenses for food and utilities have gone down. Rather than have that money wasting away, I looked at what I had where and made some changes: $15k emergency fund, down from just over $20k. That covers 6 months, assuming GF doesn't pick up any of the bills (she would) and I make zero lifestyle changes (I would). $3k house emergency fund, up from $2k. Probably overkill for a condo where my only expenses are plumbing and HVAC but I just had to drop $1k on a hot water heater YAY! $5k in general savings down from $25k. $4k to $5k held in checking to cover a few months worth of bills and float company reimbursement of travel expenses. The leftover amount was moved to a Vanguard ETF and I have a calendar reminder to move $500 on the first day of the month and buy more VOO. I figure that along with my Roth and Rollover IRAs all fully invested in VTSAX and my 401k in a target fund should set me up nicely. Onward into Q3!
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Jul 1, 2019 13:35
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Really very late for the June update but my wife was hospitalized with a healthcare-acquired (!) MRSA (!!) wound infection following her surgery (!!!) to remove an ovarian mass (!!!!) that was discovered at the time of her emergency c-section (!!!!!) with the premature arrival of our son (!!!!!!). Suffice to say we hit our medical deductible by April, so all of this excellent healthcare is gratis but man, a weeklong hospitalization with intravenous antibiotics is no picnic.EAT FASTER!!!!!! posted:June's books are closed, it's been a wild three month ride. Some new spending, some unanticipated challenges, but no setback too great. My Dad ran into financial troubles and was getting into overdrafts every month trying to make ends meet so it was great to be able to just write him a check from our emergency fund and basically fix his problems overnight. EAT FASTER!!!!!! fucked around with this message at 17:09 on Jul 10, 2019 |
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Jul 10, 2019 17:05
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EAT FASTER!!!!!! posted:Really very late for the June update but my wife was hospitalized with a healthcare-acquired (!) MRSA (!!) wound infection following her surgery (!!!) to remove an ovarian mass (!!!!) that was discovered at the time of her emergency c-section (!!!!!) with the premature arrival of our son (!!!!!!). Suffice to say we hit our medical deductible by April, so all of this excellent healthcare is gratis but man, a weeklong hospitalization with intravenous antibiotics is no picnic. drat man, hopefully everyone is OK. Congrats on another kid though!
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Jul 10, 2019 17:12
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EAT FASTER!!!!!! posted:Really very late for the June update but my wife was hospitalized with a healthcare-acquired (!) MRSA (!!) wound infection following her surgery (!!!) to remove an ovarian mass (!!!!) that was discovered at the time of her emergency c-section (!!!!!) with the premature arrival of our son (!!!!!!). Suffice to say we hit our medical deductible by April, so all of this excellent healthcare is gratis but man, a weeklong hospitalization with intravenous antibiotics is no picnic. Yikes man, glad to hear everything's ok/benign.
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Jul 10, 2019 17:41
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July, finally some delicious loving normalcy.EAT FASTER!!!!!! posted:Current Liabilities -
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Jul 29, 2019 22:35
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Current State - - My student loans: 180k, eligible for PSLF in 4 years - 1 car loan, 27k @ 3% - Bought a house early this year Financial Goals for 2019 - - - - - Put $5k/month in to a taxable account. NEW, set on autopilot - Pay off my wife's student loan ASAP - On track. Will get paid off in the next few months. - Continue maxing out our 401ks - On autopilot - Continue maxing out our HSA On autopilot - Rebuild emergency fund back to 50k (down because of some extra cash we had to put down for the house) Formally it's at 30k, slowly building up. - Annual recertification of PSLF in September - No new debt unless it's for a really bitchin' car End of July update: paid off a small 11k student loan I had straggling at 3.5%. We're waiting to pay off my wife's student loan (178k @ 2.5%) because my wife's sister is dragging her feet over how she/her husband want to use the money/can't come to an agreement. I started funneling more money in to a taxable account. Residency Evil fucked around with this message at 13:58 on Jul 30, 2019 |
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Jul 30, 2019 13:50
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Residency Evil posted:Current State Hot drat some great accomplishments in here! Have a kid! Buy a Corvette C8! The world's your oyster.
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Jul 30, 2019 14:01
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July update:DJCobol posted:1) Max out Roth IRA contributions of $6,000 - on autopilot to be fully funded by end of year. And for the things I wasn't planning on: Gain to retirement accounts. My dad passed away earlier this month and my sister and I split his IRAs. No immediate cash out as I'm going with the lifetime expectancy method to take RMDs over the next 40 or so years. RMDs starting next year will be the basis of my Roth IRA contributions. Hit to personal savings: Paying for final expenses is NOT cheap. I'll get to reimburse myself from the estate eventually but I'm down like $10k at the moment. Hit to personal savings: Bought the GF a ring. I knew this expense was going to come up sooner rather than later and I should have budgeted for it better, but oh well.
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Jul 30, 2019 15:23
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EAT FASTER!!!!!! posted:Hot drat some great accomplishments in here! Thanks man. I'm trying to balance my great depression outlook/hate of medicine/desire for financial independence with my wife's more balance view of the world. Once we pay off some more loans we'll probably be able to buy a couch for the upstairs.
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Jul 30, 2019 15:27
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DJCobol posted:July update: Condolences/congratulations! Losing a parent is never easy, I hope he didn't suffer. It also gives you some perspective about what matters in life, hope things go well with the ring!
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Jul 30, 2019 16:14
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Doccykins posted:2019 goals End of July  Zero consumer debt still (just!) Probably about half and half again, I failed to keep count last month which probably shows how serious I am about actually meeting this goal :/ S&S at £2600... £6k a distant goal now but that's more because I am shovelling cash into short term savings account instead Talking to recruiters. They are bad. >£93k - All other goals dogshit, number go up. The system works.
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Aug 1, 2019 13:05
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July Update! Raise net worth from 129k to 159k. $155.7k (on track!) Increase house fund from 23.5k to 40k. $30.7k (behind track!) Increase e-fund from 9.8k to 12k. $11.5k (on track!) Contribute $2.8k to my Roth IRA. $1.9k (on track!) I feel like I've been hemorrhaging money. Blah. Summer is always hard since I'm not working and doing a lot of socializing and vacationing. Just got back from Florida! Work mostly starts back up in 3 weeks so hopefully I can stem the bleeding until then. To be fair, most of my spending comes out of my vacation fund, which is technically for this purpose...
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Aug 1, 2019 17:15
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BAE OF PIGS posted:2018 was a good year financially for me. Paid off my student loans, got a decent raise, and started serious savings for retirement. I'm nowhere near the level some of you guys are at, but that's ok. Had a number of costly car repairs the last couple of months that have basically wiped out my car repair fund. I think my car is honestly in really good shape now, buuuuuuuut I'm realizing an 11 year old car isn't going to last me forever, and I'm going to have to get something else eventually. I'm going to start saving for a new car at a slightly quicker pace.
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Aug 2, 2019 01:54
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July update 2019 Financial Goals:
2019 Personal Goals:
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Aug 2, 2019 03:58
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Very delayed update:BEHOLD: MY CAPE posted:Second year of the Financial Goals thread, hoping for a good one.
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Aug 2, 2019 22:04
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August Update! Raise net worth from 129k to 159k. $157.8k (on track!) Increase house fund from 23.5k to 40k. $31.6k (behind track!) Increase e-fund from 9.8k to 12k. $11.2k (on track!) Contribute $2.8k to my Roth IRA. $2.1k (on track!) Broke both my phone and laptop screens for a total of $550. Lame.
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Aug 28, 2019 15:10
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August update 2019 Financial Goals:
2019 Personal Goals:
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Aug 29, 2019 01:23
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August was a BIIIIG MONTH!!!EAT FASTER!!!!!! posted:Current Liabilities -
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Aug 30, 2019 17:59
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Doccykins posted:
 Zero Consumer Debt Kinda doing better this month, about 50/50 in August £3k so made it to half way at last; if I get to £5k I will be happy with this ugggghhhhh >£93k, on target despite a month standing still, paid for the summer holiday without incurring debt so happy enough
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Sep 2, 2019 11:31
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BAE OF PIGS posted:
Well, a lot of my goals are eating poo poo and/or going on the back burner. My fiancee got her dream job, on the other side of the country, so we're moving. She actually already moved. She will be making more starting off than I am currently after being at my job for 10 years, so I think the two of us will be fine. That being said, we're moving to a much smaller city and my job prospects seem pretty limited. I have an interview at a place that's in the same industry, but it's entry level and at about half the pay I was making. My last day at my current job is this Friday, and then I'll technically still be on the payroll for another 2 weeks to cash out my accrued vacation. I'm looking at different career paths to take at this point, and I'm drat glad I have a decent amount in my emergency fund.
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Sep 2, 2019 18:09
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 September Update! Raise net worth from 129k to 159k. $159k (on track!) Increase house fund from 23.5k to 40k. $32k (behind track!) Increase e-fund from 9.8k to 12k. $11.5k (on track!) Contribute $2.8k to my Roth IRA. $2.3k (on track!) September has been crazy. Almost bought a house. Backed out after the inspection, so just out the cost of that. Found out I will need knee surgery, probably in November. This will be probably expensive. I am too young for this.
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Oct 1, 2019 00:27
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Let's Gooooooooo 1. Max out Retirement plans (limit raises ) Automated, on track.2. Max the HSA DONE 3. Maintain 529 contributions Automated, on track. 4. Keep current car as long as possible, but set aside "next car" fund. If I can get decent used, thinking 15k. Otherwise it's 25k new. 0% financing would be awesome. Ideally, I'd like to keep my current vehicle until it hits 300k miles, but I know that's not a guarantee.Simplified to a money market fund, now over 23K. 5. *Mixed goal* end of life planning for my mother, transition planning for my father, navigating a family cold war, and the finances behind all of this. My dad wants to relocate when mom dies, but he's guarded about how he'd get that done. grrrr...my dad is running the numbers on selling his house. I can't imagine this will work out well. I'm so salty. 6 deleted due to change of course as noted in prior update. If a great real estate deal comes along, maybe, but not holding my breath. 7. Read at least 1 book per week (and one family/child related finance activity per quarter) catching up with this! 8.Continue to work out at least 1 hour per day ...this one, not so much 9.Create an actual "date night" schedule with my spouse The past few weekends were strange due to a friend's bachelor party in Montreal. We have to do something midweek, because weekends are hell. 10. Back to basics: use a physical planner and calendar system along with task list to hold ourselves accountable. Just started a new system that will hopefully serve as a master calendar. Let's see if we can solidify the habit. 11. Hobby/side hustle goals including download number, number of guests, sponsors, and blog posts (not set on values because I have to discuss it with my friend) This has picked up a bit more than expected in terms of time requirement. That's a good thing, but a scary thing. October is the start of massive transition. I officially get installed as medical director/chair of something that I never expected, and we're short-staffed no matter what. I want this to work sooooo much, but we'll see. If we can navigate this into next year, then I will try to tailor this position into something that will improve the quality of life for everyone involved. I'll be ramping up my investment goals more hardcore next year.
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Oct 1, 2019 01:59
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End of September checkpointDoccykins posted:2019 goals  Zero consumer debt Better this month, been bringing in sandwiches on Monday by default as I've started getting into the habit of making them whilst the NFL is on £3.1k (but non-ISA savings have been pushed up a bit more) Cannot believe it's Q4 already so might have another run at bumping the salary at end of year review - if not then I've got to stop fannying around Just clipped £96k, getting excited about this now 
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Oct 1, 2019 13:12
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spinst posted:
the house update is a good one - it takes a lot of discipline to back out of a major purchase like that! having had a major knee surgery at the age of 28 i empathize on the surgery. it took about three years to recover fully and it won't ever quite be the same again - but i had an open surgery with a bone graft in to the base of my femur so it was not so run of the mill. what kind are you getting?
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Oct 1, 2019 14:01
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Q3! 1. Pay off student loans:  Loan, starting 4/17:  Overall NW:  2. Increase 529 to 600/child/month done 3. Everything else basically on autopilot. Goal gross savings/debt payoff rate of 50%. Still on track as far as I know despite home repair and furnishings
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Oct 1, 2019 15:42
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howdoesishotweb posted:Q3! Congratulations on slaying that loving loan!
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Oct 1, 2019 15:43
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howdoesishotweb posted:Q3! those graphs 
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Oct 1, 2019 16:13
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progress through right meow: Overall net worth +67K including: Max IRAs 12K - did wifes at 6k, mine not done yet Max my 401K 19K - on track w auto contribs Housing downpayment fund +36K not on track due to housing scam et al below so right now looks like we are at +5K, which includes a ton of market value increase. it also includes taking on roughly $14K in debt (at 1.9) for a new car. I still think +67 is within reach but it will now depend more on bonus this year for which guidance is good. but the net effect is not so good right now. Don't take on any debt for wife's grad school on track Move for the summer for wife internship, cover all these costs with her pay this was a dismal failure due to housing scam and then having to rent a short term corp apartment for $texas but we survived! Non-financial (or deleterious to overall financial picture): Ski at least 8 days ya bub Go on one major non-skiing vacation we are taking two half major vacations so i'll count it adding in: work out at least 3x/week
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Oct 1, 2019 16:27
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End of Q3 updates! DJCobol posted:1) Max out Roth IRA contributions of $6,000 - Autopilot, will be maxed by end of year. Couple of life changes: 1) Promotion! Got bumped up to Sr. Director of Fleet and Logistics, and the pay and bonus structure that goes with it. 2) Engagement! Got her drunk and she said yes! Date is set for October of next year, and we are planning on about $10k for everything. I've started setting $1k a month aside starting this month, with the thought that any leftover money will apply to the honeymoon when she's done with nursing school. EAT FASTER!!!!!! posted:Condolences/congratulations! Losing a parent is never easy, I hope he didn't suffer. It also gives you some perspective about what matters in life, hope things go well with the ring!
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Oct 1, 2019 16:56
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September was absolutely awful. Some of this is probably going to end up pretty E/N but whatever, it'll make me feel better to say it out loud.EAT FASTER!!!!!! posted:Current Liabilities - Our marriage is also in a pretty bad place at the moment. We had the "crumbling under our feet/running on fumes" talk and I'm not sure which way it's going to go. So there's that.
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Oct 1, 2019 17:20
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EAT FASTER!!!!!! posted:Our marriage is also in a pretty bad place at the moment. We had the "crumbling under our feet/running on fumes" talk and I'm not sure which way it's going to go. So there's that.
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Oct 1, 2019 17:47
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EAT FASTER!!!!!! posted:Our marriage is also in a pretty bad place at the moment. We had the "crumbling under our feet/running on fumes" talk and I'm not sure which way it's going to go. So there's that. drat dude sorry to hear that - hope you can work through it. don't let that loan thing be a cause and accelerator for your issues - it's a lot of money but you guys are in a great position to take care of it
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Oct 1, 2019 17:50
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DJCobol posted:Sorry to hear that. Hopefully you are able to work through any issues you are having and get to a better place. Thank you, we'll give it our best. KYOON GRIFFEY JR posted:drat dude sorry to hear that - hope you can work through it. I'm so grateful that I can honestly and truly say that concerns about money are not at play whatsoever in our relationship. That's an enormous amount of privilege to be able to say, but the issues we have are much, much, MUCH more related to time priorities, communication and intimacy.
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Oct 1, 2019 17:54
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EAT FASTER!!!!!! posted:I'm so grateful that I can honestly and truly say that concerns about money are not at play whatsoever in our relationship. That's an enormous amount of privilege to be able to say, but the issues we have are much, much, MUCH more related to time priorities, communication and intimacy. I’ve been there, the stress load with 2 kids and professional jobs is no joke. Hang in there, it does get easier. I cut back on moonlighting and forced my group to make my schedule less chaotic.
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Oct 1, 2019 18:49
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Hoodwinker posted:2019 plan: Also EAT FASTER!!! I'm sorry you're going through hard times. I'm sure you'll make it out the other side.
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Oct 1, 2019 23:59
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| # ? Jun 11, 2024 22:22 |
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KYOON GRIFFEY JR posted:the house update is a good one - it takes a lot of discipline to back out of a major purchase like that! Thank you for the empathy! Luckily mine is looking to be quite minor, as knee things go: a torn lateral meniscus. I find out on Friday whether it can be repaired (unlikely) or if they are just going to take the torn piece out (likely).
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Oct 2, 2019 05:10
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