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This year is the year we managed to get our finances well under control, so hopefully 2015 will be a big year for knocking out goals. Currently: $66,000 pre-tax income. 7% going to 401k (Company match max) IRA at $3,250 a year. $7600 in emergency savings. $4,700 in credit card debt. $2,500 car loan (at an absurdly low interest rate). 2015: 1. Knock out credit card debt. 2. Pay off remaining car loan. 3. Max out Roth IRA. 4. Increase income 10%. 5. Save enough to take the first honest-to-god, leave-town-and-do-something-recreational vacation of my adult life.
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Dec 18, 2014 03:41
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| # ¿ May 13, 2024 07:20 |
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pig slut lisa posted:Where do you want to go? My fiancee and I have thrown around the smoky mountains, Chicago, Montreal, Colorado, and the gulf coast of Florida as places we would both like to go, and could reasonably afford. Of course, the final decision would be based on cost, budget, time available, weather, and all sorts of other stuff.
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Dec 19, 2014 05:03
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Zuph posted:2015: 1. Credit Card Debt down to $4300 (from $4700) 2. Car loan down to $2200 (down from $2500) 3. No progress 4. Managed to negotiate a 9.1% raise at review time (  I high-balled, expecting to be met in the middle, instead my boss rounded up to the nearest $1000). Almost done!5. No progress Irresponsibly blew through more money on Christmas than I meant to, meaning I only managed to stay the course, rather than make real progress on anything. In any case, all goals are still achievable.
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Feb 1, 2015 19:02
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Zuph posted:2015: 1. Credit Card Debt down to $3900 (from $4700) 2. Car loan down to $1800 (down from $2500) 3. No progress 4. 0.9% to go. I might just find $600 worth of junk to sell and call it good, but I'd like to find some more sustainable source of small side-income. 5. No progress At the rate things are going, It's looking like it'll actually be February 2016 before I achieve goals 1 and 2. Looking at the budget, there aren't too many categories left to squeeze. Another reason to look for some side income. On the plus side, I've been sticking hard to YNAB this year, and it's really helped reduce the amount of stress involved making these plans.
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Apr 2, 2015 01:27
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Zuph posted:2015: 1. Credit Card Debt down to $3200 (from $4700) 2. Car loan down to $1200 (down from $2500) 3. No progress 4. Sold some junk, so combined with the big raise earlier this year, this goal is technically achieved, but the spirit of it was to generate some sustainable side income, so I'm still working on that. 5. No progress Still on track to meet goals 1 and 2 by February. This was going to be the "get back on track" month, but we had a couple major appliances fail unexpectedly. Fortunately, this year's diligent budgeting meant that this event didn't cause us to lose ground, so I'm happy.
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Jun 1, 2015 12:56
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Zuph posted:2015: 1. Credit Card Debt down to $2200 (from $4700) 2. Car loan down to $600 (down from $2500) 3. No progress 4. Done! 5. No progress, but I was able to turn a work trip to the Bay Area into a 10 day long stay with some friends, which was some much needed R&R, and really cheap. Honestly, I've been budgeting money as though I've had another unexpressed goal, in trying to build up a monthly expense buffer. The effect has been pushing out all these yearly goals a few months into 2016, as if the goals stated here aren't enough. I'm going to use October's 3 paycheck month to get back on track, and make sure goals 1 and 2 are finished up by the end of the year (#2 should be knocked out by 10/31, #1 will be a squeaker). Unfortunately, #3 won't get done, but I'm going to hit 60% of the max roth contribution, and have a total retirement savings rate of 12.5% gross income for 2015. #5 probably won't get done either-- still hoping to maybe manage a long weekend trip somewhere, but no vacations in our near future.
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Sep 2, 2015 13:15
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| # ¿ May 13, 2024 07:20 |
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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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