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I looked through my post history, and it looks like this is year four of participating! Neat. 2020 Goals 1. Increase net worth from 173k to 205k. Breaking the 200k barrier would be cool, and based on last year's growth this should be doable. I would have done a slightly higher goal, but there are a few other variables in play that I will get to! 2. Increase emergency fund from 12k to 14k. I have at least four month's basic expenses covered here as of today, just continuing to build. 3. Contribute $3.1k to Roth IRA. Autopilot goal. I am planning to pull some of the Roth balance to cover closing costs if I buy a house. 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. Unfortunately, where I live, housing prices suck. I'll probably start looking a little more seriously in the spring. I have a good deal rent-wise, so I'm in no rush. The bummer is that housing prices keep going up at about the rate I am able to save.
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Dec 31, 2019 21:09
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| # ¿ May 14, 2024 09:17 |
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January Happened! 1. Increase net worth from 173k to 205k. 178.3k 2. Increase emergency fund from 12k to 14k. 12.3k 3. Contribute $3.1k to Roth IRA. $260 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 38k.
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Feb 2, 2020 15:53
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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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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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 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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 April Update 1. Increase net worth from 173k to 205k. 167.7k  2. Increase emergency fund from 12k to 14k. 13.1k 3. Contribute $3.1k to Roth IRA. $1040 4a. 4b. Also I appear to have bought a house at the absolute peak of the market. Ah well. I like it, and I'll be here for awhile. Currently spending all my money on furnishings. Woo! New Goals to replace 4a and 4b: 4. By the end of 2020, have made at least 1 extra mortgage payment. ($1240) Stretch goal: 2 extra payments. ($2480) 5. Pay at least 25% extra on each car payment through 2020. 6. No non-auto or mortgage debt in 2020.
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May 8, 2020 17:26
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moana posted:Condolences Thank you for your sympathy.
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May 9, 2020 04:06
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 May Update 1. Increase net worth from 173k to 205k. 175k. RIP net worth goals, we hardly knew ye. 2. Increase emergency fund from 12k to 14k. 13.6k. Should be able to knock this one out by August. 3. Contribute $3.1k to Roth IRA. $1300. On track. 4. 1.22 extra mortgage payments made. Threw some extra money I had at it. Probably won't meet the stretch goal, but I will try! 5. Pay an average of 25% extra on each car payment through 2020. Averaging 38% extra per car payment. 6. No non-auto or mortgage debt in 2020. Going strong!
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May 27, 2020 17:47
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June Update 1. Increase net worth from 173k to 205k. 177.5k. RIP net worth goals. 2. Increase emergency fund from 12k to 14k. 13.8k 3. Contribute $3.1k to Roth IRA. $1560. On track. 4. 1.22 extra mortgage payments made. 5. Pay an average of 25% extra on each car payment through 2020. Averaging 49% extra per car payment. Trying to set myself up to pay off my car in 2021. 6. No non-auto or mortgage debt in 2020. Going strong!
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Jun 29, 2020 18:20
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July Update 1. Increase net worth from 173k to 205k. 181.8k. RIP net worth goals. 2. 14k 3. Contribute $3.1k to Roth IRA. $1820. On track. 4. 1.47 extra mortgage payments made. 5. Pay an average of 25% extra on each car payment through 2020. Averaging 40% extra per car payment. If I can keep something resembling this rate up, car will be paid off one year from now. 6. No non-auto or mortgage debt in 2020. Yep. My life is a tire fire, but at least I can say my finances are okay.
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Aug 1, 2020 19:47
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 August Update 1. Increase net worth from 173k to 205k. 182.5k 2. Increase emergency fund from 12k to 14k. 12.3k I elected to have the (OG) drainage system around my new house re-done now instead of waiting until next fall. I live on at the bottom of the hill, the back bedroom has flooded previously (prior to my ownership), and the french drain system looks hosed. 6.5k total, half paid in August and I believe the other half will be paid in October when the work is complete. I will do my damnedest to get the efund to 14k by the end of the year, but it will be a challenge! 3. Contribute $3.1k to Roth IRA. $2080. On track. 4. 1.56 extra mortgage payments made. 5. Pay an average of 25% extra on each car payment through 2020. Averaging 40% extra per car payment. Might stop putting the extra in this to help repair the emergency fund. We'll see. 6. No non-auto or mortgage debt in 2020. Yep. I don't generally work summers, but with the move to "distance education" I've been asked to come in a lot this summer. This last paycheck was $700 above normal, which was nice. End of Sept. will be an average paycheck because they don't process supplemental contracts in time, but October's check is usually rockin' and should get me back on track. Our union just finished bargaining the MOU around distance learning and are just now getting started with the CBA. So, no idea if we will get a raise or not this year!
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Aug 31, 2020 06:14
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Sept Update 1. Increase net worth from 173k to 205k. 189.7k 2. Increase emergency fund from 12k to 14k. 13.5k As noted previously, I elected to have my drainage system redone. The work just finished yesterday, so I'll be receiving the other half of the bill... imminently. ~3.3k will be taken out of here. 3. Contribute $3.1k to Roth IRA. $2360. On track. 4. 1.6 extra mortgage payments made. 5. Pay an average of 25% extra on each car payment through 2020. Averaging 33% extra per car payment. 6. No non-auto or mortgage debt in 2020. Yep. Pretty ho-hum month other than the drainage work.
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Oct 1, 2020 16:47
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| # ¿ May 14, 2024 09:17 |
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End of 2020 Update 1. Increase net worth from 173k to 205k. 202k. Close! I can't believe my net worth is over 200k! 2. Increase emergency fund from 12k to 14k. 14k. Goal met! 3. Contribute $3.1k to Roth IRA. $3.1k. Goal met! 4. 2.1 extra mortgage payments made. Goal met! 5. Pay an average of 25% extra on each car payment through 2020. Goal met! 6. No non-auto or mortgage debt in 2020. Goal met! A better year than I expected!
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Dec 28, 2020 20:21
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