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Jon Von Anchovi posted:Possibly a dumb question; but about ready to start posting ITT and just realised, you guys are all doing goals for the financial year aren't you, not calendar. I'm in Australia so fin year is July 1 to June 30 but ive mentally been doing goals for calendar year it's a Jan-Dec thing, I'm guessing the 2016 thread will start up in a couple weeks
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Nov 30, 2015 08:35
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Jon Von Anchovi posted:Possibly a dumb question; but about ready to start posting ITT and just realised, you guys are all doing goals for the financial year aren't you, not calendar. I'm in Australia so fin year is July 1 to June 30 but ive mentally been doing goals for calendar year For most people I believe fiscal year and calendar year are the same. Regardless, I assume most everyone in here is posting goals based on a calendar year (I know I am)
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Nov 30, 2015 16:38
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Sundae posted:2015 Goals: (In order of priority, highest to lowest) #1 - On track. Side-benefit of my wife having hip surgery in December: She's not going to let me anywhere near her, so I'm basically safe on the kids thing. #2 - STRETCH GOAL COMPLETE. #3 - BASIC GOAL COMPLETE. I'm not going to hit my stretch goal, but I'm at $93K at end of November for side-biz income. #4 - On track. In November, I went bowling and painted pottery. #5 - Keeping my day job so that my wife has insurance for her upcoming hip surgery. Still applying and interviewing elsewhere.
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Nov 30, 2015 19:20
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Sundae posted:#1 - On track. Side-benefit of my wife having hip surgery in December: She's not going to let me anywhere near her, so I'm basically safe on the kids thing. Are you sure you had to break your wife's hip to not have children?!?
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Nov 30, 2015 19:31
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Jon Von Anchovi posted:Possibly a dumb question; but about ready to start posting ITT and just realised, you guys are all doing goals for the financial year aren't you, not calendar. I'm in Australia so fin year is July 1 to June 30 but ive mentally been doing goals for calendar year I run my goals CY because it makes sense to me.
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Nov 30, 2015 19:34
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spwrozek posted:Are you sure you had to break your wife's hip to not have children?!? Abstinence-only works way better when you maim one of the parties involved!  (She's having hip dysplasia surgery. They're breaking the hip in five places, reshaping it and screwing it back together until it heals. Poor girl.  )
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Nov 30, 2015 20:46
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Hope she gets healed up quickly!
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Nov 30, 2015 21:07
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Omne posted:For most people I believe fiscal year and calendar year are the same. Regardless, I assume most everyone in here is posting goals based on a calendar year (I know I am) Different for me but I go with calendar year because it's easier and I think about the next year's goals around Christmas and January anyway.
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Dec 1, 2015 01:42
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MrKatharsis posted:This year was good. Got a car and a motorcycle, maxed my 401k and Roth IRA. Plenty in the emergency fund and we've been debt free for a few years. 1) nope (yep) 2) on track 3) bank was bought out so this was taken care of for me 4) on track 5) took a few days to stay in a cabin and fish. That's all I'm getting this year, it looks like. Sold the motorcycle too. Boats are more my style.
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Dec 2, 2015 02:57
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spwrozek posted:My goals really took a turn the last couple weeks for next year. I hope to have some time to revisit them in a few weeks but generally here they are: 1) Done 2) Good enough 3) Roommate, either selling, or being bought out next summer. Good stuff. 4) Roommate is cool. 5) Not going to happen due to divorce agreements but I am down to $25k maybe a year to go 6) Maybe next year. Nothing will change for the end of the year. Working on real financial goals for next year. I do have a great girlfriend so mark that as a win.
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Dec 2, 2015 03:12
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spwrozek posted:Nothing will change for the end of the year. Working on real financial goals for next year. Good times. I've passed both goals I set this year although one needed modification due to a natural disaster. My main issue is I have no idea what to set as a goal for next year. If I get a good enough offer I may sell half the shares in my company next year which would likely blow away any net worth goals. So it's time for a rethink.
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Dec 2, 2015 05:20
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Simple savings goals never hurt anyone. If you blow by all the basics, maybe make a stretch goal for investing $xx,xxx in a brokerage fund for next year? It doesn't have to be easy, just reasonably achievable. That's the point of setting goals!
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Dec 2, 2015 15:23
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OK, getting towards the end of the year, time to review. Here was the initial goal:District Selectman posted:I'm going to set a 2015 goal to hit $175k in non-retirement liquid assets by the end of 2015 District Selectman posted:End of December 2014 to almost end of January 2015, up from $97k to $110k. On my way District Selectman posted:March: $144k so that's cool Goals for 2016 are going to be weird. I've had things set in motion for a few years now to engineer my layoff around mid year, so income will be uncertain after that, but, should my plan play out till the end, I'll be getting $50-$100k, depending on whether I just get a severance package or a severance package plus pension buy out. I am seriously considering not working for the rest of the year after my layoff. So, in 206 it may turn out that my financial goals are less growth-y and more figure out life-y.
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Dec 5, 2015 22:21
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The Financial Goals 2016 thread is open 
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Dec 14, 2015 01:46
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Omne posted:Current Status My end of the year update...how things changed so completely... 1) Failed. Between the engagement and the wedding, it's been rough. My emergency fund is at $7k 2) Nope. Failed, although I did pay extra this year 3) This turned into an engagement ring instead of a Roth IRA... 4) Success! I made a total of $47 on eLance by writing product descriptions 5) Success! Card is paid off every 2 weeks and 401k contribution is at 9%. End of year balances: Emergency fund: $5k to $7k 401k: $43k to $46k. I've been steadily contributing my 9% and the company match of 3.5%, it's just taken a hit in the market the last six months. Student Loans: Paid off an extra $1200 on my biggest loan, which is no longer my biggest loan. Total balance is $30,573.11
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Dec 14, 2015 16:41
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My goals have long since been met. I think I'll hold off with 2016's goals as there's a deal that will either happen or not. The deal has too much money involved to be worth setting any further goals until after that is resolved.
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Dec 14, 2015 18:40
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Currently sitting at $40k of YTD investment losses. Yay 2015?
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Dec 15, 2015 04:40
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Steadily invested all through the shaky market. Yay 2015!
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Dec 15, 2015 04:45
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MrKatharsis posted:Steadily invested all through the shaky market. Yay 2015! I did that too, still sitting at -$40k  .
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Dec 15, 2015 05:01
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KYOON GRIFFEY JR posted:Awww yeah sons, I'll quantify this poo poo this time. I have some weird cash flow, so I am listing goals for the end of this year and next year separately: I would call this largely unsuccessful, but I did make significant progress on each of the goals. Sidetracked by injury and car accident, which I managed to cover without putting a dent in efund although at the cost of a couple of my goals.
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Dec 15, 2015 14:38
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moana posted:- Sell my house CHECK
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Dec 16, 2015 04:14
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2015 Financial Goals - Final
Assuming our stupid loving state gets off it's rear end and passes a budget (only 5.5 months overdue) and I receive my raise for next year, we should have about ~$300/mo extra to put towards savings goals so fingers crossed on that.
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Dec 16, 2015 16:28
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Close enough for an end-of-year update: 2015 Goals: - Save $10k towards new house fund. Done! New house purchased and we still have a good 6 months emergency fund left. We're renting the old house out, with renters moving in on Saturday. - Max out Roth IRA for wife and self. Done! - Take advantage of matching contributions for 401k. Done! - Stick to new budget We just made a new budget this past week with the rental income/expenses, so I tentatively mark this one done. However, a budget is always a work in progress, so this will be a high priority in 2016 as we prepare for starting a family. - Reduce stress levels and amount of clutter in the house. Done! We've donated, sold, and thrown away a lot of stuff. Once spring comes around we'll be cleaning the attic and garage out more. I still have some minor "honey-do" projects at the new house, but I'm actually very pleased with how things are going. 2015 was a year of big changes for me. I started a new job, got a new home, and bought a new (used) car. 2016 is the year the wife graduates with her master's degree, and the year we start trying to get pregnant. All in all, I'm very happy with how things are going and am looking forward to the new challenges.
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Dec 16, 2015 19:54
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EOY Update!Not a Children posted:2014 was good, but not great. Gonna see if I can't improve this year. 2015 was an easy success. I'm going to try to make my next set of goals a bit more ambitious. On to 2016!
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Dec 16, 2015 20:47
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Nail Rat posted:2014 took me from -1k net worth to 29k net worth and saw my assets all grow considerably. Final update: -sell the condo and move to the city: done -add 3k to emergency fund(this will make it 6-7 months): not done -contribute 6k to 401k: contributed 13k to 401k, so blew it out of the water (plus about 2500 in match) -contribute 5500 to IRA: done, and my wife did the same. -contribute 3350 to HSA: done -finish the year by paying off the loan I'll doubtlessly need to sell the loving condo: not done, though we're paying it down very aggressively Net worth went from 29k to 62k. I'm okay with that in a year that I moved, sold a very underwater condo, and got married in a BWM wedding (that we accrued no debt for, at least).
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Dec 16, 2015 22:37
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Zuph posted:2015: End of the year update! 1. Not Done, but really close. Under $900, from a peak of $4700. Should be able to get this knocked out by early February, no problem. 2. Done! 3. Not done. 4. Technically done, but I'm not really satisfied. 5. Close enough, kinda, between work sponsored trips to interesting places, and a bunch of events/day-trips, I'm not going stir crazy this year. Almost out of debt, putting away a healthy 15% of my salary into retirement, and staying (more or less) on budget. Made clear headway throughout 2015, rather than living paycheck-to-paycheck (as in 2014 and earlier). Goal for 2016: Set better goals.
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Dec 16, 2015 23:17
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All of my goals for the year are complete. Onward to 2016 and some more interesting challenges than student loan repayment.
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Dec 17, 2015 01:14
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Original post | February Update | April Update | July Update | September Update | October Update 3) Drop monthly food spending from $430 to $380 -- The only month I went over $380 was one where I bought a bunch of food gift cards in Q1 (which I've only used about a third of total), and August where I went to a Brazilian steakhouse twice, once for a work function and again for a friend's birthday. Sept and October were my best months, both under $250. December is on track to be around $250-$300 because I'll probably get more discounted gift cards, but I also won't spend as much on food while I'm home at my parents. I don't expect to go out that much either. 5) Update resume by April, shop myself around if I don't get an April raise -- As I mentioned before, I got passed up for a raise this year. And I still haven't even glanced at the PMP cert courses. So pretty poo poo progress on goals. I think I'm doing better at work, though, and got good feedback on my presentation last week, which was my biggest one in months. 6) ESPP: Use 1 & 2 to cover Roth IRA and ESPP tax burden, use 3 & 4 to put in extra mortgage payments/increase charitable giving/etc. -- Lending Club has invested most of the $2500 I transferred to it, just waiting on some straggler notes to finally go through. Haven't made any more extra mortgage principal payments since once in June, which is according to plan. I didn't get that October raise like I wanted, but I still gave more to charities during our fall giving campaign at work, and also across the whole year (including to the non-profit I helped found), than I ever have before and I don't regret it. I'm all set with recent cash inflow from getting a new roommate to cover my 2016 Roth IRA on Jan 1 without significantly draining my cash savings down from their usual setpoint. 7) Stretch goal: Establish side business for martial arts consulting -- Still haven't pursued this any further since May. Called the mentor/trainer friend up on Saturday when I was in his apartment complex visiting someone else, but didn't hear back. Let's make it a next year thing. 8) Buy new computer parts for a full rebuild ($800-1300) -- spent net $600 or so without any disappointment on performance since I still really don't game much. Now I'm eyeing a replacement for my living room theater PC, hopefully in the $250-350 range, with earmarked cash to cover it.
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Dec 17, 2015 04:19
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SpelledBackwards posted:
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Dec 17, 2015 19:27
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The Experiment posted:In 2014, my net worth jumped from $85,000 to $125,000. I made a more conscious effort to save money this year than in previous years. I also started investing money. In the past, I usually hoarded the money in my checking account. End of the year check: 1) Failed. My net worth is approximately $162,000. I'm not going to whine too much over a net worth increase of $37,000. 2) Completed successfully. 3) Completed successfully. 4) I eventually lowered it to $50,000 and started putting the difference into investments. The stock market hasn't done all that well so as of this year, I was better off leaving it in my checking account. Here's hoping it pays off if the Dow goes to 20,000+. 5) Failed totally. I don't have many good ideas to do this. 6) I succeeded...eventually. I suspect had I put in place a good budget, I'd be a lot closer to $175k. 4 out of 6...I still feel fine about that overall.
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Dec 18, 2015 03:47
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balancedbias posted:Well, this is going to be an interesting year depending on the timing of when we're looking to have our second child. We have a 3 year-old right now. Job situation is solid and funding all of our dreams, so I'll do my best not to screw it up somehow. No loans besides a mortgage, both of us working, fully stuffed emergency fund. These are not necessarily in order. 1-Done 2-Done 3 -Done 4-Done 5-Done (well, ongoing, but you get the point) 6-Done 7-Done 8-  nope ! but hey, at least I don't owe a ton of money and have to sweat!So, no new baby (on hold indefinitely), way more family drama (that doesn't look to affect any finances), and a variation in goals for 2016 on the way!
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Dec 19, 2015 02:18
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Nocheez posted:This may not help you, but when my HTPC died I put the hard drive in my main computer and installed a Plex server on it. Now I just use the Chromecast to access the media. Much appreciated. I got so frustrated with my parents' terrible options while using their Samsung TV's built-in apps that I bought them an Amazon FireTV Stick, and when I go home and set it up next week, I'm gonna see what all the fuss is about. If I like it enough, I'll save myself $$$ and get either the Stick or a full-on a FireTV for my regular streaming needs, and then only break out the computer I've currently got for specialty stuff those devices can't handle. Chances are I'll go that route just because of the annoying frugality I've started to develop over the last year or so. Sometimes I wish I could just let myself spend money, but here I can clearly see potentially more-optimal routes which also use less money, so I'll explore them first and maybe put some of the difference toward improving my wardrobe.
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Dec 19, 2015 06:26
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I can't believe it's already December! I still am pretty bad with money, but overall I'm very proud of the improvements I've made. I've lost 30 pounds this year (65 pounds total) and I no longer spend endlessly when I'm sad. I've started cooking my meals and enjoying healthy food more than fast food. I still drink too much tea at cafes, but it's one habit at a time. Where I was at the beginning of the year: - ~$2700 in credit card debt on a crappy cash back card - 401k: vested in ~$19000, $21k total - Roth IRA: ~$1700 at the beginning of the year - Emergency savings: $400 at the beginning of the year Where I am now: - No credit card debt besides what I put on my Chase Freedom card for the 5% points and pay off every month. - 401k: $28,286.18 total, vested in $25,988.35 - Roth IRA: $5100! I transferred from Merrill Lynch to Vanguard (thank you again goons) and I'm not sure how much I lost in fees so I left it alone here. - Savings: I currently have $900 in emergency savings, and $1500 in car-down-payment-savings that I keep in my Ally bank account. I saved a lot for retirement this year, but I've decided to focus on my emergency/car down payment savings for the next 6-12 months. I hope my car lasts for 10 years, but it's currently at 91,000 miles so I'm scared that if I got into an auto accident in the next couple of years it could get totaled by the insurance company due to the mileage and the fact that I've gotten into two other accidents already (I know...)... I feel like if this worst case scenario occurred and I didn't have savings, my bad habits with credit card/stress spending will start over again. But hopefully my 2011 Toyota Yaris keeps on going until 2021. Until I have six months of emergency savings and $5000 saved up for a car down payment, I decreased my retirement savings to 6% for my 401k and $60 transferring to my Vanguard every two weeks. A lot of my goals changed over the year: - I stay with my boyfriend during the week so I live super close to my job. I don't spend nearly as much on gas and maintenance for my car as I used to. - I decided that I didn't want LASIK and put the saved money into my roth IRA. I did reach the following goals: - I shop at the grocery store once a week and no longer eat out every day. - I paid off my credit card debt - I have put off my airline points expiring until 2017 by taking surveys online and refreshing the balance! I failed to reach the following goals: - I do NOT have six months' of emergency savings. :\ - I canceled my monthly subscriptions, but I did sign up for the 99-cents-a-month for three months of Spotify. I tend to do this and cancel the subscription before the full price starts. - I did NOT max my roth. I still am doing way better than at the beginning of the year!
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Dec 20, 2015 16:25
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^^^Looks like you didn't need a thread but it would have been an awesome diversion from the regular BFC mud wrestling. Congratulations!
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Dec 20, 2015 17:10
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BFC has been so incredibly helpful for improving how I manage my money. Even better, two of my friends told me that they started saving more for retirement after watching the changes in my behavior.
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Dec 20, 2015 17:26
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legsarerequired posted:BFC has been so incredibly helpful for improving how I manage my money. Even better, two of my friends told me that they started saving more for retirement after watching the changes in my behavior. That's great, it's good to know they will be better off in retirement. It's easy to forget how much your behaviour can positively influence people. Within my office one person asked about credit card rewards. Another I discuss mortgages and finance with and he went from a 6% floating rate mortgage to a 4.4% fixed rate for the next year. He's happy with the reduced interest payments. A couple I know asked what it would take to get a house. They've transitioned from doing a lot of art to working a lot (and hopefully saving). I think the idea was in their minds already but they didn't know what they'd need to achieve to reach their goal.
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Dec 21, 2015 03:20
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MrKatharsis posted:^^^Looks like you didn't need a thread but it would have been an awesome diversion from the regular BFC mud wrestling. Congratulations! Yeah, the good stories where people turn it around are always quiet, while the Slow Mo-esque train wrecks are loud and gaudy
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Dec 21, 2015 15:46
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sweet_jones posted:
This was sort of a success, I was able to build my e-fund up to $17.7k but I did not save for the second savings account. quote:2. Max Roth IRA and HSA again. Success, maxed both accounts. quote:3. Increase net worth to 110k (currently 80.1k). Success, I ended the year at 114.9k net worth.
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Dec 21, 2015 16:50
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Just a note, I am leaving this thread open until mid-January to make sure people have time to let any holiday dust settle. We personally have some bonuses incoming that stand to move the needle a lot and I feel they should count.  I assume there will be gold/silver avatars this year but I'll message someone about it.
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Dec 22, 2015 01:28
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I submit that the reward for a sucessful year should be a gang tag and further that it should be this:
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Dec 22, 2015 06:21
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