|
Original Post | First Quarter Update | Second Quarter Update | Third Quarter Update | End of Year Update Retirement Savings Goals
 I feel positive that we would have hit the stretch goals without that, but it's nice to have the means to blow by them. House Savings Goals Goal $9,000 | Stretch goal $15,000 | To-date $3,900 As above, we're going to exceed this thanks to the proceeds of the sale of my partnership share 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! My aunt bought us out. She pulled some real crazy underhanded poo poo but in the end we got out. Still have to pay the attorney and then I'm sure my aunt is gonna jerk us around on getting tax forms to us in a timely fashion for 2017, but we are out OUT OUT and this goal is completed as hell Get my parents to update their will I'm going to take this up with my folks in August. No gambling in my home state Still good on this so far. Haven't been elsewhere either. Stop applying for credit cards after July I think we're probably done with cards after this last round of applications. Now we're in the process of booking this and this and this. 2016 is going great so far!
|
#
?
Jul 1, 2016 01:09
|
|
|
|
| # ? May 4, 2024 10:48 |
|
|
Mid year update. 1. Getting married in October - Spend less than $3,000 on wedding. Pretty sure we are going over this. Hopefully we can keep it under $4k though. 2. Spend less than $4,000 on 3 week honeymoon Still TBD 3. Max out 2015, 2016, and have cash on hand Dec.31 for 2017 Roth IRA (mine and hers). Neither of us have had an IRA before. Maxed my 2015 in February, and hers in March. Won't reach this, but will only be short by a few thousand. Will hopefully get around 90% of the way there. 4. Build emergency fund up to $10k. ($15k stretch goal) Won't reach this assuming I dump most money into Roth IRAs. 5. Actually start her business and generate $3,000 in revenue ($10k stretch goal) Made $1,100 so far! 6. Get my PMP cert. Need to increase my studying rate. Half way there Not exactly hitting my goals, but they were lofty in the first place. This is the first time we've had a joint budget, and we've had to increase a few categories (groceries, discretionary, date night, household) over the last few months as we got a clearer picture of what we can handle. We are still making great progress and saving more than we ever have.
|
|
#
?
Jul 1, 2016 01:26
|
|
|
opposable thumbs.db posted:Goals for 2016: This has been a good year so far.
|
|
#
?
Jul 1, 2016 03:47
|
|
|
overdesigned posted:1) Get emergency fund up to 10k (adding 6500) July Update: 1) Still at 10k 2) Still contributing $950/mo (also I played day-trader and dodged the Brexit drop, back to buy and hold like a good, sane person now. +2500 from that.) 3) Loan down to 3k now. (-1000) 4) Wedding savings at $1250 (+250) Things are looking pretty okay. I moved back to Mississippi, which cost some money, and my roommate moved out so there goes that rental income, and my fiance quit her job that she hates to go to grad school but despite all these things, we're well-prepared and positioned to continue being good with money.
|
|
#
?
Jul 1, 2016 14:27
|
|
|
Goals: 1. Raise my net worth from $55k to $70k. $62.7k. Not sure I'm going to hit this one. 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $3450/$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! Renting a cabin on San Juan Island for two days in August.  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. $1250/$1500. Aw yeah.
|
|
#
?
Jul 2, 2016 00:32
|
|
|
spinst posted: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! Renting a cabin on San Juan Island for two days in August. Enjoy! I always enjoy hearing about people's vacations in this thread. Doing anything particular out there or just taking it easy?
|
|
#
?
Jul 2, 2016 14:08
|
|
|
2016 Goals (Jun. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles - - - - - Take a vacation Booking a cabin rental today or tomorrow. Spending an extra-long weekend in the Smokies. - 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 I'm going to move some of the extra money in our checking account towards a hefty down-payment on a new vehicle. Leaning towards a Pilot or something similar. Will most likely sell her car on eBay - had a decent experience doing that with my car several years ago.
|
|
#
?
Jul 2, 2016 16:18
|
|
|
pig slut lisa posted:Enjoy! I always enjoy hearing about people's vacations in this thread. Doing anything particular out there or just taking it easy? Orca watching, maybe some kayaking... just need to get away for a few days!
|
|
#
?
Jul 2, 2016 19:19
|
|
|
June Update: #1 - Still good. (No house or babies) #2 - Wow... um, terrible progress because I ended up spending most of June stuck in a hotel waiting for my poo poo to show up while learning the area. I don't really have much of an excuse since I could have written on my laptop, but instead I wandered the bay area and ate out at awesome sushi restaurants on my company's dime, saw the sights, and moved into my new apartment. This goal will be more for July than June, now. (Side business #1 revenue increase) #3 - No computer due to moving meant no site relaunch, which meant I couldn't do poo poo with this in June. Delayed to July. (Growth of side business #2) #4 - Mmm... I think California is its own type of relaxing, honestly. Moving is always a bitch, but my god do I love having tall eucalyptus trees right outside my window. It's like living in a loving spa or something. I think this goal is done for the year because life is pretty loving great right now. (Relaxation goal: GOAL COMPLETE: No longer required because life no longer sucks. #5 - I'm not going to be able to judge the savings goal for another month or two. The bank account is having huge fluctuations due to moving, new apartment expenses, huge paychecks and then tiny paychecks, etc etc. I'm in too much flux to say whether there has been any progress. By my little account book, I should end up around $25K by the end of July, but that may also change when we see if our car can pass California emissions / smog testing, or if we need a new car. (Our car is ancient, so repairing it to meet code just isn't happening. I'm not sinking $2K into a 20-yr-old car with 200,000 miles on it.) [Savings Goal] #6 - My new job kicks all sorts of rear end. (Career improvements goal) GOAL COMPLETE: Quit a lovely job and got an amazing new one.
|
|
#
?
Jul 3, 2016 22:52
|
|
|
app posted:2016 Goals: Mid Year Update: 1) 85% Complete - ($45k of $53k target) 2) Not Started - prioritizing 401k contributions 3) 50% Complete - cannot accelerate due to payroll contributions 4) Complete - market helped me out as did accelerating 401k contributions. Currently stand at $780k depending on the market. 5) Complete - Income increased to $224k - booo yaaa!
|
|
#
?
Jul 6, 2016 05:21
|
|
|
dreesemonkey posted:Update through two months Half year update 2. Save for a bathroom remodel (approximately $4000) - Slowly plugging away, got some scope creep so I have no idea when we'll actually get to it and/or how much more we're going to need to save. 5. Stretch goal: Make additional $1200 principal-only payments on our mortgage - $500 paid so far. I think I'll be able to hit this as we should be pretty close to hitting some other savings goals early and we'll have another 3 check month sometime this year.
|
|
#
?
Jul 6, 2016 15:20
|
|
|
Sundae posted:June Update: 
|
|
#
?
Jul 7, 2016 05:05
|
|
|
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. on track Save $6k towards house down payment on track, $4,000 thus far 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 planned and budgeted for september Stretch goal: net worth of $175k (including retirement, excluding checking) at end of year. May: $140.5k. End of June: $142.7k this should be doable due to bonus structure KYOON GRIFFEY JR fucked around with this message at 13:18 on Jul 7, 2016 |
|
#
?
Jul 7, 2016 13:12
|
|
|
Q2 update: Things going well Goal 1: Migration was already done by March. At end of Q1, I had my Roth IRA allocated as 10% total bond fund, 51% US stocks, 30% intl stocks, and 9% REIT. Now that house-buying craziness is over, I have a taxable account opened at Vanguard and have been steadily saving in it. Need to re-figure out my overall allocation (and how to split between roth and regular accounts) for tax efficiency. Going to ask long-term investing thread for lazy-man suggestions about this. Goal 2: Still engaged  Probably getting married at city hall later this year and throwing a small party in the backyard of our new house to celebrate. We don't want a big thing. Goal 3: Achieved since Q1 and we love the h*ck out of our house  Goal 4: Save 40% of my salary invested as long-term savings. Stretch goal: save 60% of my salary. At end of Q1, I was at about 8.5%. Things got slightly delayed from house-buying madness. I'm currently at 20% even in spite of house-buying, so I'm pretty much on track for 40%, as for the stretch goal I'll feel more comfortable waiting til later in the year to see if I can throw a little more in there and reach 60
|
|
#
?
Jul 7, 2016 19:43
|
|
|
alnilam posted:Goal 3: What's the best thing about your new house?
|
|
#
?
Jul 8, 2016 17:46
|
|
|
pig slut lisa posted:What's the best thing about your new house? Probably that despite being in a great location in the city, it is backyard as hell, and we love to garden. Also the first floor is very open-plan and good for hanging out. It will be a very good house to host our cheapo post-elopement friend party.
|
|
#
?
Jul 8, 2016 17:52
|
|
|
Wait I meant to say "the people inside it "
|
|
#
?
Jul 8, 2016 17:54
|
|
|
alnilam posted:Wait I meant to say "the people inside it lol
|
|
#
?
Jul 8, 2016 19:17
|
|
|
January post:Moneyball posted:2016 goal: Be worthless* 1st quarter: quote:One more paycheck remaining for March, and I won't be spending much this week, so I'll go ahead and do my quarterly update. Net worth as of July 7th is ($5,750.00), up $7,250. Nice! I'll be paying my car insurance for the upcoming year this month, so that will set me back a bit, but it's good progress. 1. On hold until next year. 2. Done. 3. CC balance up to $7,500. Aggressive repayments looming in a couple months. 4. Contributed $2,280 of $2,850. Two more pay periods and that's done. 5. Paid down just under $10,000 of this. Haven't bothered to determine how much of it was principal. $16,250 left. Despite rising credit card balances, I'm making great progress. At some point, I will have to start paying that off instead of my loans, but at least I will have chipped away at the subsidized 6.8% loans. Moneyball fucked around with this message at 01:45 on Jul 9, 2016 |
|
#
?
Jul 9, 2016 01:43
|
|
|
June update inline, posted a bit late. Good month on the student loan and weight loss fronts.Grumpwagon posted:Major goals Grumpwagon fucked around with this message at 01:24 on Jul 11, 2016 |
|
#
?
Jul 11, 2016 01:19
|
|
|
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). 1) Post-grad life has taken me to Seoul so my month-abroad nest egg has been rolled into my post-grad nest egg and I'm on track to have $8k saved by the time I leave at the end of August, neat 2) I'm working on this, I have everything on auto-pay so I just keep money in my bank account and it does its thing 3) See #1, I'll say this is complete I guess since plans have changed 4) lol this isn't complete but it's not a goal anymore New goals: 1) Save as much as possible before departure 2) Develop a budget to determine bare minimum salary requirements, and then stick to it 3) Find a job ASAP when I arrive.
|
|
#
?
Jul 12, 2016 00:50
|
|
|
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. - Skipped my June deposit due to required spending elsewhere, need to set aside $500/mo for the rest of the year (see #7) 5. Save up $2000 by next fall for planned overseas trip Christmas 2016. - Money in the bank. 7. Hit at least $  And am already sniffing $1000 for July thanks to a couple of lucrative and well-timed assignments  Gonna bump this up to $750 as I need to save $500 each month for the rest of the year to hit goal #3.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. 13. NEW GOAL- Apply for one new job a week. - I've been at my current position a little over a year, and I don't like it at all. However, due to the possibility of extended overseas living in the near future I'm torn as to what to do about it. I can stick with a job I dislike to have a better-looking resume and an easier time moving overseas next year, or jump to a job that I might like more and choose between having a bunch of sub-1.5 year job entries on my resume and putting the overseas thing on ice, perhaps permanently. So I'm just going to do a little light job-hunting to keep my resume fresh, and on the off-chance I find something dope.
|
|
#
?
Jul 12, 2016 04:32
|
|
|
Already half way through the year!quote:sweet_jones posted: Begin: 114.9 / Q1: 128.7 / Q2: 140.8 quote:sweet_jones posted: Begin: 0 / Q1: 1,800 / Q2: 1,900 I've been cycling more and laughing about how dusty/ugly my old car is. I'll keep saving for this though. quote:sweet_jones posted: Begin: 17.7 / Q1: 19.5 / Q2: 22.3 quote:sweet_jones posted: Love the new suit. I've also started a separate savings account that I'll use for vacations. I'm going to try and get 2400 in it by summer. We're going to Belize for two weeks. Stoked. Update: just got back, Belize was the best vacation I've ever had. Amazing in many ways, but not having the cost of the trip set aside ahead of time bears relevance here.
|
|
#
?
Jul 19, 2016 20:45
|
|
|
August was a good month. In addition to the below, I paid back a loan not accounted for when these goals were made for $2,000, and paid my brother $1,250 for his half of the Jetta which also occurred after the goals were established. Down to two debt accounts!IllegallySober posted:IllegallySober's 2016 Financial Goals (AKA Operation: Freedom) September and October will be spent working a lot of football games so that the check I get for it in December will account for 50% or more of the student loan bill. Plus, the more I work, the less I spend. Goal 4 is looking like a 2017 goal at this juncture. Referee fucked around with this message at 07:35 on Sep 7, 2016 |
|
#
?
Aug 2, 2016 00:29
|
|
|
July update inline. Some car trouble (which is becoming a theme..), but otherwise a good month. Paid off our last >5% student loan!!Grumpwagon posted:Major goals Grumpwagon fucked around with this message at 16:36 on Aug 2, 2016 |
|
#
?
Aug 2, 2016 16:32
|
|
|
July Update: #1 - Still good. (No house or babies) #2 - I'm back in business with four new novels coming out this year and a relaunch of about 100 short stories. First novel is releasing in August, along with 10-20 of the stories, depending on planning. Woo! (Side business #1 revenue increase) #3 - I've put this on hold for now, but will likely kill the service. It's too much time for too little monetary benefit compared to writing novels. (Growth of side business #2) #4 - COMPLETE. (Relaxation goal. I'm so relaxed it hurts.) #5 - We've finished transferring all our old accounts, etc etc. I hosed up and forgot to set my deductions/allowances/dependents before my signing bonus was issued, so my first paycheck had a remarkable 66.5% taxes withheld from it. It'll all come back at tax time next year, but whoopsie--so much for having it all in the bank right now. About $20K in the bank right now. [Savings Goal] #6 - COMPLETE. (Job Goal)
|
|
#
?
Aug 2, 2016 22:56
|
|
|
Nothing changed really. 2016 Goals (Jul. update) - - - - - Move most of the funds in our checking account to appropriate interest-accruing vehicles - - - - - Release two iPhone apps Stretches - - - Pay off my car (~12000 @ 2%) -
|
|
#
?
Aug 8, 2016 02:21
|
|
|
Not a Children posted:
It took me 5 months of searching, but I did find a 1br apartment that is not a closet with laundry and parking in a good part of the city for under a grand. I feel like I've used up all my luck for the rest of my 20's.
|
|
#
?
Aug 11, 2016 17:24
|
|
|
We are having a kid this fall, so priorities shifted a bit. Luckily I have enough annual and sick leave that I can take 2 months of paid leave. However, that means I'm having to set aside a chunk of money to cover the projected negative cash flow from the lack of overtime for that time. I feel pretty good about where we are right now. I just hope we can keep up the momentum on my wife's student loans. Tyro posted:2016 Goals. In order of importance. Tyro fucked around with this message at 14:28 on Aug 14, 2016 |
|
#
?
Aug 14, 2016 12:14
|
|
|
Goals: 1. Raise my net worth from $55k to $70k. $63.5k. Slow going, for now. 2. Pay off $5.4k of my car loan, which has $6.6k remaining. $3450/$5400. Doing well! 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. $1400/$1500. Aw yeah. This upcoming week I will finish my Masters degree, which will bump my pay by $3600/yr. And my new position that starts in September includes a 9% raise. With all that I will net roughly ~600 more per month. These goals will get set on fire the last few months of 2016!
|
|
#
?
Aug 14, 2016 18:33
|
|
|
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. August Update: 1. Complete! 2. On Track 3. On Track (down to $550) 4. On Track ($9100) 5. Down from $14000 to $12500, not sure I'll make it
|
|
#
?
Aug 15, 2016 16:39
|
|
|
spwrozek posted: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. I move into a new place with my awesome girlfriend this weekend so that is all the goals, no yard to take care of woooooooooooo). I opened 2 accounts with Ally. I put $20K into the first for an emergency fund (could last a year on if I had to). I put $1000 into the second for my mom's retirement and set up a direct deposit of $300 a month. With my 401K max, 401K match, Roth IRA I am saving $27820 for retirement this year (plus my mom's retirement that she may or may not need). Next step will be to start a taxable investment account I guess.
|
|
#
?
Aug 17, 2016 00:37
|
|
|
Awwww yeah spwrozek! Hopefully the move in goes well and you can start saving even more! And congrats to all the rest of you getting so far ahead with your goals. It's great to see. Update for August: DONE with everything!! Decided to scrap a couple of the goals (last two novels aren't going to happen) aaaaand I'm officially early retired! We'll see if retirement lasts once the baby gets here... I might need a excuse to get out of the house, ha. Doctor gave me a 50/50 chance of lasting another week before I go into labor, so I'm very excited! So excited that I did all my asset reallocation now because I know I won't be able to do much once I'm up all night listening to her adorable screaming moana posted:Before EOY
|
|
#
?
Aug 17, 2016 22:28
|
|
|
CONGRATULATIONS!!! Good luck, Moana.
|
|
#
?
Aug 18, 2016 03:23
|
|
|
Very exciting Moana, hope it's all great and you love being a mom
|
|
#
?
Aug 18, 2016 04:35
|
|
|
moana posted:Awwww yeah spwrozek! Moana, I think you're my BFC hero. Congrats and good luck with the babby!
|
|
#
?
Aug 18, 2016 14:35
|
|
|
froglet posted:Moana, I think you're my BFC hero. 2nd career as a financial blogger?
|
|
#
?
Aug 19, 2016 12:52
|
|
|
Congrats on FIRE/second career as a parent! Q3 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!). $20,000 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 don't think I'll quite hit the stretch goal, but I should be able to at least hit the original stretch goal of $5,000. Additionally, net worth just hit $100,000 so that's something! It was about -$45k at the start of 2013.
|
|
#
?
Aug 19, 2016 14:57
|
|
|
Congrats Moana!
|
|
#
?
Aug 19, 2016 16:31
|
|
|
|
| # ? May 4, 2024 10:48 |
|
|
Nail Rat posted:Congrats on FIRE/second career as a parent! This is all awesome. Great progress.
|
|
#
?
Aug 19, 2016 17:28
|
|