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hot cocoa on the couch posted:2020 Goals in order of importance Update without in quote bolding because my list isn't linear/account itemized. 1. I sold my car for $6,000 and bought a 4Runner for $9,000, so that is done. Still working on getting it tow capable to go pick up the rally car. 2. Savings on hand is about $6,500. This will be drawn against for household bills somewhat but about $4,800 of it is for my credit card but that is dependent on 2 things: - I don't owe on my taxes this year - my sister who lives with me gets a job and starts paying me a small sum each month If these both hold true, $4,800 straight to the CC. If not then I have a nice big buffer to hold me over for a few months. 3. CC is at $5,950, with a chunk of savings pending. Consumer loan is still at $1,800, will be paying that in May. Phone tab is paid. 4. I've applied for the bridge, but I'm back to thinking I may just take my diploma and run. I'm having a hard time staying focused on school.
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Feb 4, 2020 02:41
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January off to a good start, mainly because it was 3 paycheck month rather than 2 paycheck month. February should be good due to income tax returns, and March will be bonus check time.DJCobol posted:Goals: $12,000 for max Roth IRA for both of us $3,000 to max out her HSA $5,000 minimum to set up a traditional IRA for her since her employer has no 401(k) plan yet $6,740 for 2 semesters of college tuition Trying to find an extra $26,740 when 50% of my salary is already going into some kind of retirement or other savings won't be fun. Luckily we pretty much live off of what I take home, and she pays for her bills, and anything else she takes home will go directly towards this number. I should have a decent bonus check to help offset, and this year I have to start taking RMDs from a beneficiary IRA, so that should help offset too. This is the year to start controlling some of the loose ends on my budget (now our budget I guess).
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Feb 4, 2020 14:52
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DrNewton posted:I tried joining in mid 2018, but gave up after a month or so. So this year I hope to contribute more. Right-o. First of all, I just arrived back from a week vacation at the beach. While I was busy flying back and landing at 1:30am, my pre schedule payment to my student loan was $400! I was able to take a last minute vacation AND pay almost 2x the amount than what I was putting towards my student loan debt. WHOOO! I feel great. I also threw 350 towards my loans in January. I should be getting a large tax return and I am just going to throw that money towards my loan. Anyway, now that I feel refreshed, I am going to spend the rest of this year just KILLING that student loan debt. Than I will be free and the world will be my oyster. As for Goal 2: YNAB updating is getting better but I am not where I want to be. I am updating it at least 3 to 4 times a week, where I was only doing 1 to 2 times. So this is an improvement. I need to focus on checking it while I am on the go so I know how much I actually have. When I bought my vacation package, I was very good at keeping it updated, but I left it be while I was gone. I need to do some major updating of my budget so I will let it be until tomorrow where I will sit down and spend a few hours on it.
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Feb 5, 2020 20:55
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Oodles posted:I’ll bite.
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Feb 7, 2020 15:53
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maybe not the place for it but i think with kids you have to take a long hard look at what defines "success" and "failure" i mean if failure is yelling/being abusive/whatever yes, that is bad, but if it's just "i am not connecting as well with this kid as the others" that's not really a failure per se
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Feb 10, 2020 15:24
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EAT FASTER!!!!!! posted:My wife has asked me for a divorce. I've retained an attorney and we are drafting up documents. Best wishes to you!
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Feb 13, 2020 05:59
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I haven't ever posted any financial goals before but happy to this year along with some money accomplishments from last year that I'm happy about. 2019 things: Successfully paid for our wedding on our own! Only money contribution from the in-laws was for the catering so thank you to them for that. Bought a car at 0% interest and paying it off easily each month. Honeymoon fund filled and ready to go for our trip this June! Wife got a raise along with a new job title! And then another raise this past month - she's too good at her job Both Roth IRAs maxed for another year in a row. Wife maxing employer's match to her 403b 2020 financial goals: Max out both Roth IRAs Continue maxing the employer's match to 403b More money into our Vanguard brokerage account rather than just sitting in our credit union's okish savings account Learn more about financial stuff like investments, retirement, stock market, etc. (My dad, while great at this stuff, is pretty bad at explaining it to me or I'm too stupid to understand) Figure out a good way to start at fund for a down payment on a house - all advice is welcome! 2020 other goals: Spend less money on beer Move to a new rental since our current apartment sucks rear end and we want to be happy Be less angry and be more positive
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Feb 19, 2020 18:29
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Haven't done this in a couple years. Finally got back to steady employment and brought myself to move to a better apartment so I'm gonna try to make 2020 count in balancing responsibility with letting myself have fun 2020 Responsible Goals: - Max 401k (Just registered, let's see how it jibes with my expenses) - Max ROTH IRA (DONE) - Invest what I can now that my potential down payment/emergency fund is stable - Spend < $50/mo on alcohol - Spend < $40/mo on games 2020 Fun Goals: - Go on a vacation - Pick up a new hobby 2020 Non-Financial Goals - Get to the gym 3+ times per week - Keep up with personal log - Furnish new apartment (Need: New Couch, entertainment unit, dining set. Want: 2 new rugs, shelving. Chores: Hang all wall stuff, curtains, finish unpacking misc still-boxed items)
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Feb 19, 2020 21:15
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Feb update 2020 Financial Goals:
2020 Personal Goals:
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Feb 28, 2020 22:05
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hot cocoa on the couch posted:Update without in quote bolding because my list isn't linear/account itemized. Feb update: 1. I bought a brand new money sink, a rally car. Automobile goals accomplished. 2. Savings is down to $4,500, but I'm getting a $2,000 tax return which will be going straight to my CC. My sister got a job finally but a bit later than I was expecting so her contribution will be a bit delayed. Still looking okay on this front. 3. CC will be down to $4,000 in the next week or two when my tax return comes in, and then all consumer debt is scheduled to be paid off in May. 4. I don't think I'll be pursuing the degree. My sister got a pretty much full time job which means I now need to pay for daycare which is a big strain on my finances, and ultimately I'm feeling super burned out by school. I want to get back to work for a couple years and be able to hang out with my kids on evenings and weekends rather than hanging out with my homework. Plus my hobbies are languishing and it's starting to feel really not fun anymore. I can always come back and finish later, and walk away with the diploma for now. Overall everything is right on track, aside from the change of plans wrt school. Feeling really good about going from over $13k in consumer debt when my wife left me last April to $0 in 12-13 months. If I go right into work and am aggressive about the student loan, I think I can have that paid in 12-24 months as well. Feeling great about my finances right now.
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Mar 1, 2020 00:01
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March 1 and a Sunday, what better time to check my goals? Budgeting goals:
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Mar 1, 2020 01:46
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uvar posted:New: Actually start planning for retirement: The investing/retirement thread revealed to me that there are many things I didn't know that I didn't know. Time do some reading and calculating so I can take action that doesn't turn out to be extremely misguided in hindsight (e.g. those shares again).
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Mar 1, 2020 01:56
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Doccykins posted:2020 finance goals - No consumer debt - £79k, lmao  this goal, just keep buying through the panic every month- S&S £4600, really glad I started saving separately as well now - NW £99k  - 202lbs, should be back at 200 by next month - Ran every Tuesday in Feb and 3/5 Saturdays with my partner - Booked a vacation in early Feb for a long weekend in Rome at the end of March fml... will see if coronavirus spreads further south from where it is currently in northern Italy but have one eye on bailing out of this and claiming on the travel insurance if it all goes to poo poo.  still not found anything we both like, hunt is still on
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Mar 1, 2020 14:41
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February Update 1. Increase net worth from 173k to 205k. 181.5k 2. Increase emergency fund from 12k to 14k. 12.5k 3. Contribute $3.1k to Roth IRA. $520 4a. If I don't buy a house, raise House Fund from 36.5k to 52k. 4b. If I do buy a house, put at least 15% down. House fund is at 39k.
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Mar 1, 2020 19:04
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February Update:Pipistrelle posted:Financial Goals
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Mar 2, 2020 06:21
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2020 Financial Goals (February Update) Obviously February was a terrible month for net worth goals. UPDATE: Haven't changed my strategy at all. - Increase cash/emergency fund to $38,000. UPDATE: Currently at $30,796. - Fully fund both mine and my wife 2020 Roth IRA's. Mine will be fully funded by June, wife's in November. UPDATE: Accelerated this schedule a little bit because I did my taxes a little earlier this year. - Deposit $50 / week into a "fun" money taxable account invested 100% into VOO. Currently stands at around $10,100. Thinking about long term, fun goals for this money. Hawaiian vacation in 2025? Still rocking and rolling. UPDATE: I'll continue to do this through this correction / crash / apocalypse. - Pay off our second vehicle. Currently $7,200 @ 4.25%. On track, am making the minimum payment until December, then paying off the balance, which should be $4,500, in December - Increase net worth to $358,000 Decided that this was not the best metric, since so much is tied to market performance, but I'm shooting for this anyways. This latest hiccup probably makes this unreachable. No worries, I'll just keep chugging along. Current assets are: $30,796 in cash $51,176 in taxable investments $408,341 in property (real estate and vehicles) $85,896 in retirement accounts (401k + Roth IRA's) Total = $576,209 Current liabilities are: $6,765 (@4.25%) for a car $2,208 in credit card (paid off every month) $1,083 on iPhone upgrade program $260,148 on my mortgage (@3.75%) Total = $270,204 Net Worth = $306,005 (-$7,322 from February 1, 2020) 2020 Personal Goals - Take two consecutive weeks of vacation. I am very fortunate and have 7 weeks of PTO, which I never actually use. Planned for one week of family vacation in August. Remaining time is to be determined - Do 100 consecutive pushups. Currently at 15. Haven't really focused on this at all, probably still around 15 - 20 - Read 50 books. Read 53 in 2019, but I still feel that 50 is enough. Read 8 books in February, I will probably end up reading ~75 books this year
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Mar 2, 2020 14:21
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What's up with the very large emergency savings accounts some of you have? Is that an American thing or do some of you guys just have enormous monthly obligations? I can't imagine keeping over 30k in cash or cash-like deposits
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Mar 2, 2020 15:15
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The gig economy makes life pretty volatile. I like having a year of expenses saved in cash, plus savings accounts aren't much less than bonds these days so why not just keep 75k in Alliant?
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Mar 2, 2020 15:52
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hot cocoa on the couch posted:What's up with the very large emergency savings accounts some of you have? Is that an American thing or do some of you guys just have enormous monthly obligations? I can't imagine keeping over 30k in cash or cash-like deposits A six month emergency fund for my household would be about $15 -$18,000 ($1,700 / mo mortgage + utilities, groceries, etc for a family of 4.). The remaining amount is because I am fairly confident that I am going to need to replace my vehicle in the next 12 - 18 months, which accounts for a most of the large amount of cash I have at the moment (budget $18k - 20k).
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Mar 2, 2020 16:43
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my cash position is pretty big but that is because i am currently the sole income earner for my household so i am carrying 12 mos expenses rather than six it's probably excessively paranoid but it makes me feel better and it's in HYSA so i don't really care about min/maxing that money
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Mar 2, 2020 17:34
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March check-in! Updates: -I'm still at 15% for 401k contributions. -I'm still paying off my cat's knee surgery. quote:2020 Financial Savings Goals (for someone who grew up broke & spends broke-ly despite a substantial increase in income) quote:Financial non-savings goals quote:Non-financial goals YeahTubaMike fucked around with this message at 17:54 on Mar 2, 2020 |
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Mar 2, 2020 17:37
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I think it might be helpful for you to measure how you blew your takeout/delivery goal, since that could help you prevent doing the same in the future. If you don't look in to it, it's hard to change behavior. for instance, how bad did you blow the goal? which weeks were bad? did you blow it every week or did you have on really bad week that caused you to miss? what kinds of stuff are you ordering? when are you ordering (weekends, weeknights, etc)? are there other correlations to other life events that have driven it (eg stressed at work, working late, etc)? that's my 2 cents!
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Mar 2, 2020 17:46
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KYOON GRIFFEY JR posted:I think it might be helpful for you to measure how you blew your takeout/delivery goal, since that could help you prevent doing the same in the future. If you don't look in to it, it's hard to change behavior. for instance, how bad did you blow the goal? which weeks were bad? did you blow it every week or did you have on really bad week that caused you to miss? what kinds of stuff are you ordering? when are you ordering (weekends, weeknights, etc)? are there other correlations to other life events that have driven it (eg stressed at work, working late, etc)?
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Mar 2, 2020 17:51
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KYOON GRIFFEY JR posted:I think it might be helpful for you to measure how you blew your takeout/delivery goal, since that could help you prevent doing the same in the future. If you don't look in to it, it's hard to change behavior. Laziness, and the lack of immediate financial repercussions if I don't go grocery-shopping. Yes this has been a stressful month, between dealing with a cat recovering from knee surgery and my own fibroid-addled uterus, but I'd be lying if I said that my reaction to these things was ordering in. Or maybe it is and I just don't know it, but I don't think that's the case at all. As far as what I'm buying, I work in a building with a cafeteria, so breakfast & lunch there can cost around $12 max. I sometimes grab DD on the way to work ($7-ish); there's a Chinese takeout place, a Mexican place, and a fish market on the way home ($10 max). There are just so many options. Hoodwinker posted:Reinforcing this suggestion. It's hard to make effective changes without looking at the data (you have to be gathering data) and understanding what it implies. Yeah I know, and I ran through Mint AND my bank account for the purposes of posting in the first place, but there were a few withdrawals that I can't actually trace to anything. I've been assuming that they're Uber/delivery tips and takeout. I try to stay on top of this sort of thing, and I did a great job in January at least!  Logging my use of cash as soon as I withdraw it is a habit I have to get back into. I think March is going to be a "getting back into good habits" month.
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Mar 2, 2020 18:10
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word, don't beat yourself up about it! that doesn't do any good. just try to see what you can learn from it and it sounds like you have done so.
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Mar 2, 2020 20:01
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Yeah, I'm trying not to get too defeatist about it. The year is still young, after all!
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Mar 2, 2020 21:18
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hot cocoa on the couch posted:What's up with the very large emergency savings accounts some of you have? Is that an American thing or do some of you guys just have enormous monthly obligations? I can't imagine keeping over 30k in cash or cash-like deposits Little bit of a, little bit of b. We have a decently large mortgage payment due to our 15 year loan (and neighborhood). We’re trying to pay in cash for our next car purchase, so that adds up pretty quickly.
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Mar 2, 2020 21:25
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Hope no one expected to meet their net worth goals midyear with equities!
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Mar 27, 2020 00:25
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howdoesishotweb posted:Hope no one expected to meet their net worth goals midyear with equities! I haven't looked. 
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Mar 27, 2020 00:33
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Pretty much all goals are on hold at this moment. It's all about survival
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Mar 27, 2020 01:39
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howdoesishotweb posted:Hope no one expected to meet their net worth goals midyear with equities!
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Mar 27, 2020 05:31
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What an amazing bloodbath! I'm not checking anything, I'm just staying afloat.
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Mar 27, 2020 16:44
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 March Update 1. Increase net worth from 173k to 205k. 174k 2. Increase emergency fund from 12k to 14k. 12.6k 3. Contribute $3.1k to Roth IRA. $780 4a. If I don't buy a house, raise House Fund from 36.5k to 52k. 4b. If I do buy a house, put at least 15% down. House fund is at 40.5k. I also am under contract on a house... Great timing, eh? 13% down. Waiting for the results of the appraisal before I officially say I'm buying a house!
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Mar 27, 2020 17:48
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uvar posted:March 1 and a Sunday, what better time to check my goals? March is over. My job is "essential" (for now) so that's lucky, and the lockdown here isn't too restrictive. But virus stuff definitely had an impact. At the rate I'm getting rid of goals this is just going to be "hoard beans" by December. Fake edit: I keep referring to it so to remove the mystery, I'm at a school in a non-teaching position in Australia. We're still open but teaching remotely to students at home. If students stay away for too long I run out of useful work, and I can't work from home at all if the campus is closed. The government is offering a reasonable replacement income so that wouldn't be crippling, but I'd rather stay employed.
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Apr 1, 2020 09:15
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Doccykins posted:2020 finance goals and I thought February was bad... - No consumer debt, so I got that going for me I guess - £75k lmao - £4,300 lmao - £91k lmao - 200lbs  mostly due to not eating out any more by government decree rather than exercise- Running every Wednesday and Saturday now - lmao - rebooked Rome for July for now but who knows if that will get postponed again Found a nice house but asking price is more than my entire net worth over our budget and it was put under offer almost immediately, thanks London  Search also pretty much on hold as we can't leave the flat
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Apr 1, 2020 09:41
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Q1 done! :sadtrombone:Potrzebie posted:Goals for 2020: All in all, we live in interesting times. I'm glad that me and my wife are both full time employed and neither of our companies are going bankrupt; not right now at least.
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Apr 1, 2020 09:47
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March Update: Financial Goals 2. Get personal emergency fund to $15,000 by July Current: $11,802 3. Fully fund Roth IRA by October 30 Current: $2,500 4. Contribute at least $5000 to 401(k) by EOY Current: $1050 5. Get HSA to $1000 by EOY Current: $90 Non-Financial Goals 1. Stop eating out so drat much Currently trying to balance this one with saving money but also supporting local restaurants during all of this craziness. 2. Do yoga 5 days a week Not at 5 days a week, but getting better. 3. Join a bouldering gym once I’m more in shape This one’s definitely on hold for a while, the gyms are closed cause the state is in lockdown. I’m also not in good enough shape yet
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Apr 1, 2020 14:28
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Updated 2020 Goals: 1) Don't die - so far so good 2) Stay employed - check 3) Don't check stock prices multiple times per day - Fail 4) Try not to cry - only crying a little
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Apr 1, 2020 15:34
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DJCobol posted:Updated 2020 Goals:
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Apr 1, 2020 15:42
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DJCobol posted:Updated 2020 Goals: yeah i think my updated goals are 1a) Don't die so far 1b) wife don't die either so far 1c) don' t kill each other so far 2) Keep Job Success, with salary deferral but still! 3) Go outside every day Success! 4) Do some inside non-screen hobby every day Not Success! 5) Run 3-4x week Success! 6) wife graduate and not go insane in progress!
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Apr 1, 2020 15:47
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