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I am struggling a little bit on what to have as goals for next year at this point. I have basically am in auto pilot on most of my list below. This generally makes me feel adrift a bit as I have been working so hard on knocking down all the goals the last 5 years. I could try to spend less of food or even save more but I just am not up for that. I will probably have to put in some workout goals or life goals outside of this list to motivate myself. 1) Max 401k 2) Max Roth IRA 3) Max HSA 4) $300/mo into Mom's Retirement 5) $500/mo into Taxable Retirement 6) Transfer Mom's Retirement money from Ally bank to Vanguard taxable account 7) Open Vanguard account for my Taxable Retirement One thing I need to look into is if I could get my mom to open an IRA and I contribute to that since she is working. Not sure the legality of it but it would be nice to be tax advantaged with that money. E: Looks like this is doable and it looks like based on my mom's income (need to verify) a TIRA will be deductible for her but this might be the best approach. I am doubtful she is contributing anything to an IRA currently. I will keep pondering this stuff over the next few weeks but I am also open to suggestions. spwrozek fucked around with this message at 21:32 on Dec 18, 2016 |
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Dec 18, 2016 21:09
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| # ¿ May 2, 2024 03:00 |
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IllegallySober posted:Decrease restaurant/bar/alcohol expenses by 30% from 2016. Just ran the numbers for 2016 and holy poo poo. I spent $5,007.99 on restaurants and bars and alcohol. That's $417.33 a month. Every month. Jesus Christ. $8900 for me last year (probably a bit higher as I have a few days to reconcile). Having a GF is expensive.
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Jan 2, 2017 03:57
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Sundae posted:As long as we're doing this whole self-shaming thing: At least we all know versus blindly running out of money and being dumbfounded. I doubt I will spend much less this year but the goal is $6900.
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Jan 4, 2017 08:38
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drat Bananas posted:WOW! And here I was feeling self conscious of my food spending when the universal suggestion from BFC and r/personalfinance seems to always be $300/mo and I was working hard to keep mine under $500. Remember that this is all food (eating in and out) and alcohol. This includes food and drinks on vacation for me as well. I used to split it out but it was kind of a hassle so I stopped. Still not great. But at the same time I am saving ~$37K per year so I don't know. I still want to enjoy life. Also I don't know if it is just me or the fact that I have been supporting the GF through a job change a bit but food prices really have seemed to go up a bunch. I basically only buy cheese, produce, noddles, and eggs but it just seems like everything is ticking up 10 cents here and there. I am not even going organic or anything.
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Jan 5, 2017 01:35
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drat Bananas posted:It is interesting to see where people draw their categorization lines for ambiguous purchases: Dinner and drinks on vacation? For you: food category; for me: vacation category. I also put toiletries and cleaning supplies purchased at the grocery store under "groceries" because that would be annoying to break receipts up each time. I hope I didn't imply negativity toward any posters with bigger food spending, it was intended neutral and personally eye-opening. Maybe the $300/mo figure is mostly for people trying to get out of a hole, and since I am not in a hole I think I'll bump up our restaurants/bars/groceries budget category to $600/mo in this year's budget. Husband has been a good sport about my cooking attempts, but he'll be thrilled about the restaurant wiggle room. You are all good, I didn't think you were being negative at all. I did the same as you though when I was digging out of the student loan debt. Now that I am debt free and saving a ton I am more willing to open it up a bit. I mean let's be honest no matter how good you are of a cook there is just something nice about getting good food from a restaurant. The biggest cost savings I think are not going out for lunch. you can do good lunches for under $5 from home (leftovers even cheaper) and lunch out just really burns a who in the wallet.
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Jan 6, 2017 03:36
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IllegallySober posted:Halfway through January and I'd be doing pretty good on this if it weren't for a $72 bar tab my dumb rear end decided to pick up when I only racked up about $15 of it. I'm way too nice sometimes.  I do this poo poo all the time. Pro friend con budget. Also part of my outrageousness last year.
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Jan 17, 2017 01:21
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Sundae posted:3 - Exercise Goal: ACCEPTABLE FAILURE / DELAY. I'm currently being evaluated for a potential aneurysm, and I've been told I can't exercise at all until the hospital has sorted out wtf is happening. By mid-Feb, I expect to have clarity on this. Dang, I hope you are OK! Also monthly updates? What happened to quarterly.... 
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Feb 2, 2017 05:21
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Doesn't PMI stay on FHA loans the entire time though? I guess you could refinance but rates are really low now.
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Feb 13, 2017 02:43
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TouchyMcFeely posted:
The change was in June of 2013.
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Feb 15, 2017 18:45
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Still on auto pilot at the moment. I guess the only thing really going for me is I am reading the Four Pillars of Investing. Update below.spwrozek posted:I am struggling a little bit on what to have as goals for next year at this point. I have basically am in auto pilot on most of my list below. This generally makes me feel adrift a bit as I have been working so hard on knocking down all the goals the last 5 years. I could try to spend less of food or even save more but I just am not up for that. I will probably have to put in some workout goals or life goals outside of this list to motivate myself.
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Apr 4, 2017 05:19
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spwrozek posted:
1) Will be maxed this coming quarter 2) On Hold, $2290 contributed but I am going to be over the limit but not sure by how much. I should be somewhere in the phase out so I will contribute the rest or remove if needed come tax time. 3) On track 4) Mostly on track, I need to get my mom to fill out a form so I can continue to contribute directly. 5) Haven't been contributing. It is just sitting in my checking account. I am trying to figure out my various allocations. 6) Done but in a Roth IRA 7) Done Also took a new job with a $14K raise and a bigger bonus potential. Highlight of the quarter was my friends deciding to do a shot at a rockies game and them being drunk and I for some reason picking up a $60 tab.
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Jul 6, 2017 02:21
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Nov 22, 2017 15:01
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| # ¿ May 2, 2024 03:00 |
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spwrozek posted:
Net Worth $200,495 
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Dec 30, 2017 00:37
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