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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. Omne's 2016 Financial Goals 1. NO. WEDDING. DEBT. We have our budget and have done a fairly good job of sticking to it. We are paying cash, and by ourselves without any other assistance. We are currently on track to cover our remaining payments by the wedding date (4/16/2016). 2. NO. NEW. DEBT. PERIOD. This means any other loans or credit card balances. I pay off my CC's every two weeks or so and will continue to do so 3. Pay off smallest student loan ($1987.32 current balance). This has a 5% interest rate but is paid quarterly. My other two loans are much bigger ($14500 @4.25% and $14000 @6.8%) but it'll be an emotional boost to knock this out. 4. Increase personal emergency fund to $10k (Current balance: $6900). 5. Stretch Goal: Pay down the 6.8% student loan to under $10k With continued wedding/honeymoon savings necessary through the end of June, goals #3/#4/#5 will be more on the second half of the year. We should get a decent tax return, the company bonus in July and a merit increase in October, which will help with all of this. I estimate we will need an additional $2500 each for the wedding, on top of the $5k each we have already saved, plus $3k each for the honeymoon. So $5500 saved in six months. Difficult, but not impossible.
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# ¿ Dec 14, 2015 16:54 |
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# ¿ May 3, 2024 04:45 |
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I wish a baby was in the cards in 2016...my fiancee is a bit older than I am (39) so the clock is very much ticking on that. But between the house, the wedding and other stuff, I think getting pregnant might make her explode at this point.
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# ¿ Dec 17, 2015 22:41 |
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Omne posted:
1. So far, so good. However, I was just informed that my mom won't actually be able to pay for the rehearsal dinner, so that's now on us and we hadn't budgeted for it. This is gonna be very tight. 2. No new debt! 3. Balance is down to $1500+ and on track 4. Haven't started, though I consolidated some straggler accounts and it's now $8200 5. Haven't started yet.
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# ¿ Mar 31, 2016 15:46 |
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pig slut lisa posted:Oof. Did she pull a switcheroo on you or run into some genuine financial issue? Genuine issue(s). She had been trying to get it together but a few surprises came up. She'll pay me back, it's just not something we had planned for
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# ¿ Apr 3, 2016 20:13 |
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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. Just want to say....goal #1 is complete! We were able to cover the entire wedding with money we had saved up, including the rehearsal dinner expense that we hadn't originally planned for. Additionally, we no longer need to cover the honeymoon, as that has been given to us as a a VERY generous gift!
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# ¿ Apr 26, 2016 16:36 |
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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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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
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# ¿ Aug 15, 2016 16:39 |
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# ¿ May 3, 2024 04:45 |
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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! Paid cash for the wedding, and thankfully my father paid for our honeymoon. 2. Complete! 3. Complete! 4. Fail! Currently sitting at $8200 5. Fail! It's down to $11,600 but that's essentially paying the minimums. Three out of five, not good enough
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# ¿ Dec 18, 2016 19:39 |