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tumblr hype man posted:Gone back and forth on these, but here goes.  Borrowed the last $3,200 or so from my e-fund just to get this finished. I did decide to wrap up my side gig as well, so we'll see if I can actually hit $30k this year. Bailing on that may be BWM but it should be good with mental and social health. Still haven't bought a new car.
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Apr 28, 2016 17:38
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tumblr hype man posted:
Congrats! I can't wait to see the same thing (from the same servicer too)
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Apr 28, 2016 18:45
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Update: 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 3. Add $4000 to efund 4/28: working on it, I have added a little over $1000 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. 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.
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Apr 29, 2016 04:16
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1. Raise my net worth from $55k to $70k. $60.5k 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $2680/$5400. I just might end up paying this puppy off before the end of the year. 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! $1.5k in the vacay fund. Spent a little over Spring Break to see some friends. Much needed. 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. $850/$1500. Likely becoming a laptop fund.
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Apr 30, 2016 16:25
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2016 Goals 2) Max 401k contribution - On track 4) Remodel kitchen & front yard (Budget ~30k for both in Ally savings) - Actively seeking estimates for the front yard. Kitchen may be delayed if my contract gets extended until the end of the year. 39k currently in Ally as emergency savings/renovation budget. 5) Research local charities/causes and make a meaningful donation - Nothing so far  Stretch Goals 1) Get mortgage under 100k - On track 2) Generate side income - Nothing so far If I keep working the same contract through 2016, I'll put off the kitchen until January (since I work out of town and I want to be home for a remodel) and instead focus on beating my stretch goal for the mortgage, with some extra in the taxable investment account, if that's an acceptable toxx modification to y'all goons.
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Apr 30, 2016 19:30
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2016 Goals (Apr. update) - - Create a will I'm doing this in the next few days - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles (20k just sitting there) - Re-evaluate emergency fund (30k might be a bit much and a small part of that could be used better elsewhere) - - - - Fix up our living room and get actual furniture (a decade on junky "college kid" furniture is enough) - Take a vacation - - Release two iPhone apps Stretches - - Make 3 extra mortgage payments - - Pay off my car (~12000 @ 2%) - Prep to sell my wife's car in 2017 and plan to purchase a mini-van or other appropriate "family" vehicle - Not much progress in April, unfortunately.
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May 1, 2016 18:35
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April Update: #1 - No kids, no house. I'll update this one if I gently caress up in the future.  #2 - No progress. I got sucked into #6. #3 - New site updates are complete. We're going to do a relaunch in June. I'm giving it 6 months to profitability, after which point I shut it down if not. #4 - I put this off for April because I have a nice, week-long vacation coming up in May. This month was okay, stress-wise, so no need for the extra spending. #5 - $50K/$100K Stretch: April Savings: I'm up to $23K. In May, I'm getting a $20,000 bonus (pre-tax) which should boost things a good bit more. (See #6) #6 - I accepted the new job. My total cash compensation (excluding health insurance, intangibles, etc) goes from around $130K to $225K (ignoring vesting periods for RSUs and assuming no return for SARs). Additionally, I negotiated a $20,000 signing bonus for the new role. This makes up for #2 and #5 slow progress. Looking good so far. I think I'll end the year on a good note. 
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May 1, 2016 22:56
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district 12 posted:My goals are somewhat small because it's my last semester of school and I'm living at home so I am aiming to just make a big leap back into the world (I'm an adult student who is very lucky to have such a generous support system that I can live at home for free). April update: 1) Starting on this now because... 2) This is going well and... 3) This is complete. Saved up $2.5k as of a few weeks ago and also remembered that I'll be able to claim funemployment insurance during my month abroad so I won't be completely broke when I return. 4) This has been a complete bust (oops) but I'm selling old clothes so it's kind of like one in, one out. So that's good. I'm not as far as I wanted to be but I'm on track and doing okay, which is all I could ask for.
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May 2, 2016 14:46
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CaptainRat posted:
I'm doing well on most of my goals, up to less than -$3K net worth so positive is in sight in 4 months or so at my current rate. Goal 4 slipped somewhat the last couple months, I ate like a monster, compensating for spending too much on food by spending less in other categories. It was nice to keep within my overall budget and not overspend the money coming in even if I wasn't keeping to my category goals as well. Student loan 1 of 4 should be paid off by the end of June at this rate.
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May 4, 2016 01:57
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May Update: See April Update. Also, I am still broke at the start of every month despite having already paid off some debts and it loving sucks. I may look for a new job just so I can make more money, which feels so pragmatic as to border on slimy. I made $1100 in my side job for April though, which I think is a record and hopefully I won't have to drop all of that on a surprise expense during the month.
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May 5, 2016 05:08
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I'm pretty embarrassed because I've been eating out more and I took a trip to Belize in April. Also, my sister (who I have a strained relationship with) asked me to go with her to LA over Memorial Day weekend and after debating it I decided to go as her birthday present this year. Definitely not good with money and that's part of why I haven't been posting in this thread. - Age: 28 - Salary: $44,100 (yay!) - CC debt: 0, except for what I use for 5% cash back and pay back every month - 401k: Vested in ~$29k, ~$33k total - Roth: $10,300 - Emergency savings: $2000 in my checking. Sigh - Car down payment savings: $10 in Ally Bank. Because I moved my savings to the roth. Progress on savings goals: - I increased my 401k contribution to 8% because I am no where near the goals I set for myself. - Increase my income somehow--possibly in line to get a promotion, I've started freelance writing on the side.
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May 6, 2016 16:43
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Boring April update inline.Grumpwagon posted:Major goals Grumpwagon fucked around with this message at 21:30 on May 6, 2016 |
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May 6, 2016 21:11
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Ludwig van Halen posted:Was gonna do this earlier, but I just got a job offer with a higher salary so I can tweak my goals a little bit. Eh, I bought a car. Not because I needed one, and now I've got $18k to pay off over the next couple of years. It's technically the first time I've ever bought a car though, I've always had a hand-me-down from my parents. My interest rate is low enough that I don't need to rush to pay it off because my investment accounts will very likely pay more, so I'm stretching it out over 5 years. Other than that, my Roth is maxed out, and my 401k is going well (not contributing enough to max it though). Keeping it on the straight and narrow with #3 and #4. The YNAB budget is going great, discretionary spending is way down (aside from the car) e: Now that I think about it, I ought to up my 401k contribution since my IRA is maxed out, so I've got some excess in my budget that would otherwise go into a taxable account. Baxate fucked around with this message at 14:14 on May 30, 2016 |
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May 30, 2016 14:09
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overdesigned posted:1) Get emergency fund up to 10k (adding 6500) End of May Update 1) This is still done. 2) Still contributing $950/month. 3) Another accelerated payment, balance down to about $4k 4) Added $500, so $1k in there now, towards the net $4k goal. Also I found out I'm selected for promotion, so in like 9 months, if I'm still employed, that'll be a cool 18% raise.
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May 31, 2016 12:56
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May update inline.Grumpwagon posted:Major goals Grumpwagon fucked around with this message at 13:47 on May 31, 2016 |
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May 31, 2016 13:45
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Goals: 1. Raise my net worth from $55k to $70k. $61.7k. Not sure I'm going to hit this one. 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $3080/$5400. Doing well! 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! $1.6k in the vacay fund. Buuuuut I decided to teach Summer School.  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. $1074/$1500. Aw yeah. Doing well. I decided to teach Summer School so I could afford to buy a new laptop without raiding any of the progress I have made. Should also have some extra to throw at the car which is nice.
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May 31, 2016 14:42
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Goals: 1. Raise my net worth from $55k to $70k. $61.7k. Not sure I'm going to hit this one. 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $3080/$5400. Doing well! 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! $1.6k in the vacay fund. Buuuuut I decided to teach Summer School. 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. $1074/$1500. Aw yeah. Doing well. I decided to teach Summer School so I could afford to buy a new laptop without raiding any of the progress I have made. Should also have some extra to throw at the car which is nice.
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May 31, 2016 14:42
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KYOON GRIFFEY JR posted:KGJr Goals 2016 Edition I will add the stretch goal of net worth of $175k (including retirement, excluding checking) at end of year. Right now it's like $140.5k.
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May 31, 2016 20:25
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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.Zuph posted:Alright, Financial Goals 2016: New 2. Keep net worth (excluding retirement) approximately the same, while maintaining retirement savings rate, separating households, and moving into a new place.
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Jun 1, 2016 04:40
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May Update: #1 - Still good. (No house or babies) #2 - No progress. I got sucked into new job and apartment hunting. I've set up the basics for the next book, though, so June will probably show some better progress. (Side business #1 revenue increase) #3 - Site re-launching in two weeks. We'll see how it does! (Growth of side business #2) #4 - I'm unemployed for the next 19 days. That's pretty relaxing on its own. Also, I spent a week in Florida in May. (Relaxation)#5 - We're going to have to slam down a TON for move-in rent at our new place (wherever it is), so probably not much progress on this until the $20K signing bonus hits the bank. It's not coming until my start date, though. (Savings goal) #6 - New job starts 20JUN2016. This will be fun. (Career improvements goal)May was a bit of a wash because of the job change. I spent a week in Florida on the beach, negotiated a way better job and salary than I had before, and now I'm relocating to San Francisco which would be the epitome of BWM if not for the rent subsidy. Fun!
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Jun 1, 2016 05:22
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Possibly wrong thread but i see it mentioned a lot here; what is the standard/generally accepted way to calculate net worth? Is equity in your home included? Retirement accounts?
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Jun 1, 2016 06:00
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Jon Von Anchovi posted:Possibly wrong thread but i see it mentioned a lot here; what is the standard/generally accepted way to calculate net worth? Is equity in your home included? Retirement accounts? I'd definitely include your retirement accounts in your net worth. Housing? Ehh... not so sure. Equity seems like a reasonable thing to account for as long as you're balancing it out with the mortgage debt on the other side. I would not include either of them if you're talking liquid wealth, though (but sure, for net worth).
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Jun 1, 2016 06:23
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Potrzebie posted:Monetary Goals: Non-goal financial happenings: The kind folks at the Tax Agency blatantly told me to do my taxes better and deduct past losses from a short lived side business. This will net me approximately $2k. E/N rant edit: Facebook goal might fail eventually. It sucks rear end to not have, since very few people I know bother to invite people (or just me  ) to anything outside of FB invites. This means that my wife is being misused as some sort of secretary, where my lazy rear end friends contact her on FB to invite me to stuff.
Potrzebie fucked around with this message at 08:42 on Jun 1, 2016 |
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Jun 1, 2016 08:37
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Success? Deactivated. Not sure delete is an option.
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district 12 posted:My goals are somewhat small because it's my last semester of school and I'm living at home so I am aiming to just make a big leap back into the world (I'm an adult student who is very lucky to have such a generous support system that I can live at home for free). Thanks to a post-graduation windfall I've hit my savings goals (and then some) so now I'm working on my debts, which now includes some student loans, although many are in deferment until December  I am now on the hunt for a well-paying job that furthers my career and gives me a decent nest egg to sit on so that I don't blow through my savings like crazy. But I'm really glad I have these savings so that I can be comfortable while I'm looking for said job.
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Jun 1, 2016 15:15
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See my student loan rage! (Blue is assets, red is debt. Assets dropped in May to pay for the wedding, student loan payments are in June)
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Jun 2, 2016 13:42
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Not a Children posted:Okay, in for another year! I blew my 2015 goals away kind of easily, so I think I need to set my goals a little higher this year. I'm turning 26 this year, and that means no more mooching off my parents' insurance, so things are gonna get a little rougher! Here's what I've got:
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Jun 2, 2016 14:38
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Spring Semester down!
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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! 2. Still good here. My wife has a bit, so we are trying to take care of that before some of the other goals we have 3. Current balance is $1200, so getting there! 4. COMPLETE. With wedding cash gifts, current emergency savings is up to $11k. We'll keep adding to it, as our ultimate goal is $30k 5. Current balance on this loan is $12,900.
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Jun 2, 2016 17:38
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5-month update: hit my stretch goal of 1M nw, woohoo! Still need to close out the business checking account to get everything consolidated and allocate a lot more to bonds than I currently have. Adding a goal of refinancing to a regular mortgage to get a better rate. Starting in August, I'll be quitting writing completely to take care of the screaming poop machine we've decided to create. Semi-retirement, here I come
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Jun 2, 2016 20:00
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moana posted:5-month update: hit my stretch goal of 1M nw, woohoo! Still need to close out the business checking account to get everything consolidated and allocate a lot more to bonds than I currently have. Adding a goal of refinancing to a regular mortgage to get a better rate. Starting in August, I'll be quitting writing completely to take care of the screaming poop machine we've decided to create. Semi-retirement, here I come Awesome and inspirational. Congratulations
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Jun 3, 2016 09:18
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spwrozek posted:Well after an interesting 2015 I am ready to get back into some really good financial goals. 1) Done 2) Done 3) Done 4) Decided on a 2 week ski road trip via the mountain collective pass. Should be great. 5) Sold, Denver Market is crazy, $50K cash out 1) Plan to do this in July, now with no debt I need a month to figure out my new baseline budget 2) Done 3) Max out Roth IRA (New goal) Just need to log in a be done with it. 1) On track I need to figure out what to do with my money now... that is probably my new goal for the next couple months. More investments, more trips, charity, who knows. Excited for the next chapter in my life.
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Jun 4, 2016 16:03
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2016 Goals (May. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles (20k just sitting there) This money slowly keeps growing. I need to increase my HSA or 401k contribution. Probably HSA, because my 401k fund options have stupid high expense ratios. - - - - - Fix up our living room and get actual furniture (a decade on junky "college kid" furniture is enough) - Take a vacation - Release two iPhone apps Stretches - - - Pay off my car (~12000 @ 2%) - Prep to sell my wife's car in 2017 and plan to purchase a mini-van or other appropriate "family" vehicle
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Jun 5, 2016 02:37
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spwrozek posted:1) Done Put $5500 in my Roth. Maxed my 401K. So I basically have no goals now for the second half of the year. I guess I will look at how things are going and try to see what other goals I can add to the list in July. I feel really accomplished right now.
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Jun 6, 2016 14:32
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Woot! Now your goal should just be to lay back in a hammock sipping cocktails for a week straight. Seriously, though, take some time and enjoy the hell out of your accomplishments for a bit
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Jun 6, 2016 17:07
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moana posted:Woot! Now your goal should just be to lay back in a hammock sipping cocktails for a week straight. Seriously, though, take some time and enjoy the hell out of your accomplishments for a bit I hear you for sure. I have been driving hard at my goals for the last 5 years (maybe longer) so I almost feel a void. Most people I just can't share these great things with though unfortunately. I think I unfortunately face a reality that I need to start saving for my mom once alimony runs out from my dad. My one sister might be able to help, doubtful on my bro and other sister. I don't have much confidence in my mom working a lot or saving at all. I think she has about 80K for retirement.
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Jun 7, 2016 01:13
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balancedbias posted:2016! YES! A Year for optimism. 1, 2, and 4 on schedule 3 - She has shaved off an extra 2.6k so far, yay! 5 -  So, I helped out my sister with this money because she was in a pinch after the Verizon strike. I'm still accumulating, but nowhere near making the goal.
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Jun 7, 2016 01:24
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I'm looking to get rid of the whole shebang as quick as possible, but the rate is 2.69% so I'm not trying to liquidate the taxable fund.
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spwrozek posted:I hear you for sure. I have been driving hard at my goals for the last 5 years (maybe longer) so I almost feel a void. Most people I just can't share these great things with though unfortunately. That's a bummer :[ Will she be getting anything from Social Security at least? Also, congrats on your financial achievements YTD  balancedbias posted:5 - Hey, that's really cool of you!
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Jun 7, 2016 01:45
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Original post. 1. Completely pay off all miscellaneous debt ($1800 at start of year). - On track. 2. Finally move my 401k from my previous employer over to my new one. 3. Pay 25% of my current student loan debt back into it. Stretch goal of 30%. - On track. 4. Cut the money owed to my parents in half. - On track. 5. Save up $2000 by next fall for planned overseas trip Christmas 2016. - Money saved up, mother-in-law is working on getting group rate tickets for everyone coming over so this will be marked complete once the ticket is actually purchased. 7. Hit at least $650/mo in my current side job. - Came up $7 short for May, but in my defense I didn't receive any assignments for a whole week. Hoping that this doesn't become a summer trend since my clients are primarily in academia, but I am at least way over 650/mo average YTD. Things that would be nice to do: 8. Merge back accounts with my wife. 10. Set up actual budgets for both myself and my wife. 12. Get my wife a job. On the bright side, my side job gave me a 30-33% raise (depending on the type of assignment) effective immediately Might re-adjust that monthly side job target, though again my fear is that the summer will be kind of slow.
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Jun 7, 2016 02:12
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pig slut lisa posted:That's a bummer :[ Will she be getting anything from Social Security at least? I need to figure that out. She worked for herself for 20+ years. My dad always did some shady tax stuff though to save the family money so I am honestly not sure. I don't see how she couldn't have paid in though. I am sure it will all work out somehow... Thanks for the good vibes.
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Jun 7, 2016 03:27
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Q2 Update: -Max 401k. On pace! -Max my and my wife's IRAs. On pace! -Max my HSA. On pace! -Pay off personal loan I took out to sell the underwater condo(we'd be 100% debt-free after this!). $16,000 out of 26,000 paid off. On pace!! -Add 2,000 to emergency fund. Not started. stretch goal: -Add 10,000 to house down payment fund (this would be the start of said fund, at the very end of the year).Not started. I'm feeling pretty good about achieving even my stretch goal after making it a bigger stretch goal in the last update, but we'll see. Having needed to take out a $32k loan just to move out of my condo last summer, it's nice to see that loan go (just barely) down to four figures. Nail Rat fucked around with this message at 15:48 on Jun 13, 2016 |
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Jun 13, 2016 15:36
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CaptainRat posted:
I paid off the first loan of four mid-month and confirmed how the automated payments will work now that that's over (I wasn't sure if it was going to stay the same payment amount and just retarget the overage to other loans or if the amount that was directed to the now-paid loan would just disappear, and it's the latter), and I've recalculated what the targeted payment will be for the next loan. Our yearly trip to GenCon turned into a yearly trip to Origins, and I had saved for that; however, I had back problems that, up until about a week or so ago, precluded me from doing things like standing or walking while carrying a bag for longer than around 10 minutes, which would have seriously made Origins miserable, so instead of going to that I used the savings to pay off back-related medical expenses and put the rest back into my actual savings account, the consequence of which is that I'm ahead on that savings goal. I also have to adjust my budget slightly because my gym is closing and I need to find a new one; I'm going to sign up at my local Y that's literally right next door, but the monthly payment is going to be a little higher so I'll need to find that somewhere, so now that my savings goal is met I'll likely make up the difference from part of that automatic payment and use the remainder to further pay down the student loans. I'm probably a month away from positive net worth at this point (I might have technically gotten there, with a subsequent drop back into negative once the rent check cleared, if not for Brexit causing the markets to poo poo themselves, but that's fine, the primary method for increasing my net worth right now was going to be debt reduction and not asset growth anyway).
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Jun 30, 2016 23:07
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