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Doccykins posted:End of July End of August - No consumer debt - Pension Pot £99k  - ISA £12k  - Short Term Savings £1600 - NW £135k - Went on holiday last week in the south west (along with EVERYONE ELSE  ) but it was lovely weather and we even got to go on a beach in England- All jabbed up and ready to rock, we might scoot off on a last minute holiday to somewhere in Europe if the rules stop changing - I went back to the office today for the first time in for ever to sort some poo poo out, took a full hour lunch break. This is SO MUCH EASIER to do in the office when you get up and leave for a full hour
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Sep 1, 2021 19:00
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GhostofJohnMuir posted:August Update September Update Big life change, in September I start a new job that doubles my salary. Some of my stretch goals suddenly got a lot easier to meet. 1. Grow Emergency Fund: Currently at 4.5 months. Not much movement this much, but I'm expecting some one off windfalls next month which will move this needle. 2. 3. Contribute at least $6,000 between HSA/Roth: $4,410/$6,000 Seems like I would have met this even without the new job. 4. Contribute as close to $9,600 as possible between HSA/Roth: No progress yet. 5. Stay Within my budget at least 10 Months out of the year: Missed this goal for August by about $30, but suddenly that seems like much less of a problem. If I can get through my last constrained budget this month, things should get a lot easier. Still 6/10 6. 7. Personal Goals 2. Cook more French Cuisine: I really need to remember this one, I keep going Japanese instead. I was talking about making a pot roast this weekend, might as well make it beef bourguignon 3. 4. 5.
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Sep 1, 2021 21:22
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September Update! 1. 1a. Stretch Goal: Raise net worth from $202k to $250k. $248k. 2. Increase emergency fund from $14k to $16k. $15.3k. 3. Contribute $3.3k to Roth IRA. $2690 contributed. 4. 5. Pay off Peloton, $2.1k at 0% interest. $327 to go. 6. Make 1 extra mortgage payment. 0.83
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Sep 30, 2021 15:00
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September update 2021 Financial Goals:
2021 Personal Goals:
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Sep 30, 2021 15:31
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September Update Be debt free at 33! - $850 on credit cards. I have way more than enough cash on hand to cover it so I would call myself debt free.  Personally For October Traditional roll-over to my 401k - In progress. There is 15k somewhere? I'm going to call Lincoln next week if it doesn't show in my account. Bug my CPA about quarterly taxes - Done then never called me back. I contacted another CPA and now waiting for their call....Why is it so hard to get a CPA in NYC??? Fully fund my Emergency Fund outside of ESPP savings - Will do this once I pay my taxes Max my 401k for 2021 - In progress Still doing well living off my savings for funding my ESPP Recharacterize my 2021 Roth contribution and earnings to Traditional Backdoor my maxed Traditional IRA. Payoff rest of CC debt. Personally Get to half marathon training Possibly get back to rock climbing
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Sep 30, 2021 21:01
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August Update: Assets Total Cash = $42,873 (- $4,500) Total Investments = $98,567 (- $2,164) Total Property = $535,000 (- $2,000) Total Retirement = $165,149 $170,475 (- $5,326) Total Assets = $841,889 (- $11,690) Liabilities Total Credit Card = $7,619 (PIF every month) Total Other = $758 (iPhone upgrade program) Total Mortgage = $258,372 Total Liabilities = $266,749 Net Worth = $575,749 $578,041 (- $2,335) Goals for this year: - Max out the tax advantaged space in 529 accounts ($10,000 tax deductible in CT contributed $11,680/$10,000 thus far) - Take at least 2 week long vacations this year and spend less than $8,000 (once it's safe to do so). Had an awesome 8 day trip to Mexico in June and an unexpectedly great time at Cape Cod. No other travel planned for this year. Still have about $2,800 left in my travel budget for the year. - Contribute at least $17,000 to retirement this year. Already maxed out both Roth IRA's this year ($12,000), the rest is on autopilot. UPDATE: I increased my 401k contribution from 6% to 9%
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Sep 30, 2021 22:01
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Doccykins posted:End of August Number go down End of September - No consumer debt - Pension Pot £98k - ISA £12k - Short Term Savings £1800 - NW £134k - Holidays done, short break / long weekend this month for a wedding - Watching the corona levels before booking anything here - Still easier to take a break in the office rather than when WFH but I've been forcing myself to move out of the room with my laptop in for an hour a day House is still climbing in alleged value though! 
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Oct 1, 2021 09:51
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October 2021 Update: Current State - My student loans: 170k, eligible for PSLF in 2 years, currently 0% interest, no payments until February. - Financial Goals for 2021: - Max out Backdoor Roth IRAs for me/wife: 12k Done - Buy a house? Maybe by the end of the year? - Increase net worth to the next 500k. Done! - Put at least $7k/month in to a taxable account. Starting in July, 11k/month in to a taxable account. Technically done, saved additional bonus money as well. - Max out our 401ks/457s Done for the year - Max out our HSA Switched to a regular insurance plan at the new job due to my wife expecting next year. - Annual recertification of PSLF in September. Done, but not longer work at a 501c3  - Look in to refinancing student loans after 0%/forbearance ends in February.
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Oct 1, 2021 15:14
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October 2021 update!snailshell posted:My goals for 2021, in order from most to least plausible:
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Oct 1, 2021 23:16
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GhostofJohnMuir posted:September Update October Update Started new job, waiting for the new income to come streaming in. 1. Grow Emergency Fund: Currently at 4.8 months. I have hope I'll hit my goal on the first day of the new year. 2. 3. Contribute at least $6,000 between HSA/Roth: $4,744/$6,000 Kind of irrelevant because I now have access to free health insurance which doesn't qualify for an HSA, and most of my contributions will be going to a 401k. I'll blow this number out of the water with my first paycheck though. 4. Contribute as close to $9,600 as possible between HSA/Roth: See above. 5. Stay Within my budget at least 10 Months out of the year: Managed to keep my spending in check this month. Now 7/10. Might actually hit this goal as I'll have a lot more budgeted discretional income in Q4. 6. 7. Personal Goals 2. Cook more French Cuisine: Made a bunch of French dishes last month, happy to call this one done. 3. 4. 5.
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Oct 2, 2021 02:09
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Sloth Life posted:As things stand, Oct 2021!
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Oct 2, 2021 13:06
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Staggy posted:2021 Financial Goals:
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Oct 9, 2021 12:59
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October Update! 1. 1a. Stretch Goal: Raise net worth from $202k to $250k. $251k. Completed October 2021! 2. Increase emergency fund from $14k to $16k. $15.6k. 3. Contribute $3.3k to Roth IRA. $3020 contributed. 4. 5. 6. Make 1 extra mortgage payment. 0.91 payments made. Knocked off goals 1a and 5 this month! .25 mil net worth! Should be able to knock off goals 3 and 6 next month. spinst fucked around with this message at 01:30 on Oct 28, 2021 |
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Oct 28, 2021 01:24
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October Update Assets Total Cash = $44,206 (+ 1,333) Total Investments = $106,713 (+ $8,146) Total Property = $531,900 (- $3,100) Total Retirement = $173,974 (+ $8,825) Total Assets = $856,793 (+ $14,904) Liabilities Total Credit Card = $4,940 (PIF every month) Total Other = $700 (iPhone upgrade program) Total Mortgage = $257,902 Total Liabilities = $264,563 Net Worth = $592,230 (+ $16,481) Goals for this year: - Max out the tax advantaged space in 529 accounts ($10,000 tax deductible in CT contributed $11,680/$10,000 thus far) - Take at least 2 week long vacations this year and spend less than $8,000 (once it's safe to do so). Had an awesome 8 day trip to Mexico in June and an unexpectedly great time at Cape Cod. No other travel planned for this year. Still have about $2,800 left in my travel budget for the year. - Contribute at least $17,000 to retirement this year. Already maxed out both Roth IRA's this year ($12,000), the rest is on autopilot. UPDATE: I increased my 401k contribution from 6% to 9%
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Oct 29, 2021 19:56
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October update 2021 Financial Goals:
2021 Personal Goals:
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Nov 1, 2021 13:06
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Doccykins posted:Number go down End of October - No consumer debt - Pension Pot £99k and a bit  - ISA £12k - Short Term Savings £2000 - NW £137k - Back to the South West this month for my dad's birthday - Going to assume no winter sun for now, everyone assumes corona is over - Getting bad at this one again, had to crunch a new environment in record time last week so going to push back this month and enforce lunch again - Bought outdoor furniture in the spring, so obviously had to pay out for the covers for the winter. Just proper dining chairs to go on the house stuff front though Everything looks to be at or just beating annual targets, hopefully with a nice month's cushion
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Nov 1, 2021 16:45
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Sloth Life posted:As things stand, Nov 2021!
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Nov 1, 2021 18:29
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GhostofJohnMuir posted:October Update November Update Got my first full paycheck from the new job. Feels amazing 1. Grow Emergency Fund: Currently at 5.5 months. This should definitely be completed by end of the year. 2. 3. Contribute at least $6,000 between HSA/Roth: $5,75/$6,000 I'll meet this goal next month. 4. Contribute as close to $9,600 as possible between HSA/Roth: Kind of irrelevant, I'm putting almost everything into my newly available 401k . 5. Stay Within my budget at least 10 Months out of the year: Now 8/10. 6. 7. Personal Goals 2. 3. 4. 5.
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Nov 5, 2021 00:20
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crazypeltast52 posted:2021 Goals, some financial, some professional, some personal. Building good habits is the main goal for me here since that is part of where I have fallen down the most. So this year has been mixed. 1. Hopefully next spring 2. Done, good timing too for reasons which will be apparent later 3. 401k is going to end up behind, but the IRA was taken care of 4. I think I've read 3-4? 5. 730 GMAT, and applying 2nd round to my schools 6. Started a gap year last week, was just burned out at my job and needed to do something else 7. I didn't finish this on time, so I want to start it again. 8. This one did not work out, it will be a key element of my 2022 plan Excited to start my gap year, deer opener was last weekend and I have a few more days of gun season to see if I can't fill the freezer that way, otherwise bow season goes until the end of the year. I have a pheasant hunting expedition planned in December and will be doing at least one trip to visit the business schools that I am applying to.
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Nov 9, 2021 23:40
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This year has been pretty good for me 1. Refinance to a 30 year fixed mortgage at 2.5% interest rate with all costs paid - check 2. Ensure 1 year emergency fund is available - check 3. 401k Maxed out for this year - check 4. HSA Maxed out for this year - check 4. Reinvest 150k into VTSAX - check 5. Property Taxes paid - check 6. EOY adjustment for tax liabilities for next year - check Assets: 4.06m Liabilities: 1.26m NW: 2.8m
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Nov 10, 2021 06:09
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November Update! 1. 1a. Stretch Goal: 1b. Stretch Goal: Raise net worth from $202k to $265k. $259k. 2. 3. 4. 5. 6. Everything is done with a month to spare. Feels good, man.
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Nov 26, 2021 20:11
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Sloth Life posted:As things stand, 1 Dec 2021!
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Nov 29, 2021 21:43
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November update 2021 Financial Goals:
2021 Personal Goals:
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Nov 30, 2021 18:57
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Staggy posted:2021 Financial Goals: End of November/Start of December:
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Dec 1, 2021 21:00
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Doccykins posted:End of October End of November - No consumer debt - Pension pot £102k - ISA £12.5k - Short Term Savings £2200 - NW £139.5k - Taking a week off this week coming, and done with work at the end of next week for the year to burn off my accrued leave - Hunkering down for Omicron - I have 5 working days left for 2021 and am going to use December to chill - Bought dining chairs! They are far too expensive and wont arrive until some time next year but I'm going to hit all my finance goals by next month so deserve to splash a little
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Dec 5, 2021 16:01
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GhostofJohnMuir posted:November Update December Update Fingers crossed, but I look to be cruising to success on most of my goals for the year 1. Grow Emergency Fund: Done, I went from no emergency savings to 6 months worth of savings (probably closer to 8 or 9 months if I cut expenses in an emergency) in a year and a half. Feels very nice. 2. 3. Contribute at least $6,000 between HSA/Roth: $6,100/$6,000 Done 4. Contribute as close to $9,600 as possible between HSA/Roth: Kind of irrelevant, I'm putting almost everything into my newly available 401k . 5. Stay Within my budget at least 10 Months out of the year: Now 9/10. Being able to increase my discretionary budget by a few hundred dollars a month really helped with this 6. 7. Personal Goals 2. 3. 4. 5.
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Dec 5, 2021 20:49
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End of Year Results! 1. Raise net worth from $202k to $237k. Completed June 2021! 1a. Stretch Goal: Raise net worth from $202k to $250k. Completed October 2021! 1b. Stretch Goal: Raise net worth from $202k to $265k. Completed December 2021! $267k. Insane. 2. Increase emergency fund from $14k to $16k. Completed November 2021! $16.2k 3. Contribute $3.3k to Roth IRA. Completed November 2021! $3680 contributed. 4. Pay off my car, which has $2.7k remaining. Completed May 2021! 5. Pay off Peloton, $2.1k at 0% interest. Completed October 2021! 6. Make 1 extra mortgage payment. Completed November 2021! A good year.
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Dec 22, 2021 20:09
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EOY/December 2021 Update: Current State - My student loans: 170k, eligible for PSLF in 2 years, currently 0% interest, no payments until May. - Mortgage on a 15 year fixed at 3% - Bought a house, new mortgage on 30 year fixed at 2.875% Financial Goals for 2021: - Max out Backdoor Roth IRAs for me/wife: 12k Done - Buy a house? Maybe by the end of the year? Just bought a house at the end of the year! - Increase net worth to the next 500k. Done, and made surprising progress to the next goal. - Put at least $7k/month in to a taxable account. Starting in July, 11k/month in to a taxable account. Done, well above this goal! - Max out our 401ks/457s Done - Max out our HSA Switched to a regular insurance plan at the new job due to my wife expecting next year. Done - Annual recertification of PSLF in September. Done, but no longer work at a 501c3 - Look in to refinancing student loans after 0%/forbearance ends in May. Pushing this to a 2022 goal Pretty happy with how this year turned out in some ways. Financially, we made a move that worked our fairly positively for my wife, laterally for me, but has the potential to be very positive for me in 2022/2023. Professionally it's still TBD, but my wife is super happy now (versus having a miserable commute previously), so there's that, which should be pretty good since we have our first baby due in March.
Residency Evil fucked around with this message at 17:52 on Dec 28, 2021 |
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Dec 28, 2021 17:26
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Doccykins posted:2021 Financial Goals End of Year 2021 - Zero consumer debt - Pension Pot increased from £87k to £105k - ISA increased from £8k to £13k - Short Term Savings increased from £0 to £2400 - NW increased from £117k to £141k - Bought all new furnishings except for Office Chair (because I can't find one that's better than my current falling apart one) - Pay rise of 10% in March - Took one week in the UK in August for partner's birthday, both fully vaccinated and boosted so just going to wait out omicron - Kinda did this, fell back at some point but good to repeat for 2022 Zoopla puts the house at having increased in value by 11% in a year (only our purchase price minus outstanding mortgage was taken into account for NW figures.) I am astounded.  anyone not already on the housing ladder in the UK.But a good year! Bring on 2022!
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Dec 31, 2021 14:17
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Sloth Life posted:As things stand, NYE 2021! So I definitely bit off more than I could chew but even though my goals weren't met, I did more than I think I would have without the goals in place. Progress? Progress. Still doing the moving house thing despite so many setbacks so I'm in limbo really until that particular domino falls. Once it does and I'm settled, I'll pick up again. Happy New Year to you all 🎇🎇
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Dec 31, 2021 14:50
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Financial 3b. Max wife 401(k) if she gets job. wife working on job Nonfinancial 1. Exercise 4x week was doing good until injury, trying to at least do some substantial walking and that's OK at best 2. Read 25 books not related to work stuff twelve  3. Move to new apartment and new city Success,  , and we kept the savings rate roughly intactadditions
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Dec 31, 2021 17:09
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Omne posted:The theme for 2021 will be Simplicity and Focus Financial Goals 1. Failed. Ended up getting a new car, with an interest rate of 2.54%. 2. Succeeded. Paid it off earlier in the year. Student loan free! 3. Succeeded. I had upped it to 15% in March, then with my new job I was able to max it with a lower %. 4. Succeeded. Upped it to $400/month in November. 5. Failed. Didn't add anything. Personal Goals 1. Succeeded. 12 exactly. 2. Failed. Always did 10+ each month, but never hit 15. 3. Succeeded. Got a new job in July with a 30% increase in salary and much better equity.
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Dec 31, 2021 20:00
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December update 2021 Financial Goals:
2021 Personal Goals:
A good year for Financial Goals. Not so much for Personal Goals.
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Jan 1, 2022 16:44
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Staggy posted:2021 Financial Goals: End of 2021
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Jan 2, 2022 11:46
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drainpipe posted:Our financial goals for this year are mostly boring: All financial goals are completed as well as the personal goals minus personal goal #2 so it was a good year! My wife went from temp to full time to now per diem because of the baby, which is pretty ideal. Due to the performance of the market, I've also hit my overall accumulation goal of getting to 75%-80% FI. I am now at 20x my annual spend or 25x my core spend (rent + utilities + groceries + auto expenses), which is a good position to be. We'll see how the baby affects the annual spends going forward.
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Jan 2, 2022 14:55
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Thread for 2022 is here if you're a bookmarker rather than forum reader!
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Jan 3, 2022 14:21
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Oh hey should probably update this for end of year: Financial Goals for 2021 - - Max out both 401ks/457bs done - - PSLF recert in Oct, PSLF eligible 5/22 Done, with the pause until May should only have to make one payment after the pause ends and then submit - $1k/month for 2 529s for the kids (on autopilot) - Personal Goals - Help out more with kids at home, has been hard because of my schedule - Learn 2 new piano pieces this year failure, time has been short, thanks COVID - Revisit professional goals things are bad and getting worse this winter, looking a bit more seriously at moving but it's terrible everywhere - Looking into kitchen remodel, but contractors all busy and prices of materials fluctuating so holding off, got a new sectional and redid some floors instead [/quote] Got a bonus I wasn't expecting, way upped savings for the year, just crossed the 7 figure mark for retirement savings earlier than expected. If it happens again next year maybe we'll move up FI by a year or two.
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Jan 3, 2022 21:09
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GhostofJohnMuir posted:December Update End of Year Update 1. 2. 3. 4. Contribute as close to $9,600 as possible between HSA/Roth: As of now at $7,100. I'll try to cap out my Roth 2021 Roth using whatever I have left over each month+ my tax refund. 5. Stay Within my budget at least 10 Months out of the year: 10/10. Done 6. 7. Personal Goals 2. 3. 4. 5. 2020 and 2021 are in a weird place for me because they both objectively sucked poo poo, but the crisis of 2020 woke me up to the fact that I needed a real budget and systemic financial planning, and in 2021 I feel like I really successfully implemented that budget and plan. 2021 also saw a completely unexpected career move that seems like it's going to be life changing. With any luck 2022 is going to be a banner year for my finances.
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Jan 4, 2022 03:34
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End of year update after forgetting about this in November. All +/-'s are for all of 2021. Assets Total Cash = $57,448 (+$19,304) Total Investments = $105,191 (+$25,788) Total Property = $535,200 (+$82.714) Total Retirement = $178,424 (+$49,403) Total Assets = $876,263 (+$177,209) Liabilities Total Credit Card = $5,267 Total Other = $584 (iPhone upgrade program) Total Mortgage = $256,976 Total Liabilities = $262,827 Net Worth = $613,636 (+$181,705)
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Jan 5, 2022 02:31
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