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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Wed Apr 23, 2014 7:08 pm




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 Post subject: Re: adventures in the black
PostPosted: Sun Jan 20, 2013 8:12 pm 

Joined: Sat Dec 29, 2007 9:30 am
Posts: 570
opportunity costs:

1. class for spouse. this is kind of a big deal for him at work, and he might be able to leverage a reimbursement for the course registration + a raise in the range of 3-5x our outlay (travel will be extensive) once he completes it.

2. cheap(er ... not cheap overall) workaround for a very expensive part spouse's car needed. and some general car repair items.

we are no longer ahead in our planned savings timeline- but we're not behind.


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 Post subject: Re: adventures in the black
PostPosted: Fri Mar 01, 2013 5:48 pm 

Joined: Sat Dec 29, 2007 9:30 am
Posts: 570
20% down payment fund: fully funded. thanks, tax refund!

speechlessness and disbelief. i have nothing else to say on that. so moving on...

next up is getting a trust set up for baby. then a break.

going back to the very first post in this thread, here's our goal progress:
1. knocking out the rest of our student loans done 3/2011
2. building up retirement savings ongoing
3. building up the emergency fund to reflect new cost of living feels comfortable but might add slightly here
4. save for a down payment on a home 20% saved 2/2013

looking back to those early posts, it's so nice to pay ourselves rather than pay something off.

new goals:
1. continue retirement savings
2. add 20% more to emergency fund
3. baby savings (i'm hoping my upcoming career move will enable me to give him college benefits, but to be safe...)
4. additional savings for either car replacement fund or increasing down payment

not sure what else we should be focusing on. ideas?


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 Post subject: Re: adventures in the black
PostPosted: Mon Mar 11, 2013 7:08 am 

Joined: Mon Jan 11, 2010 9:06 am
Posts: 160
Location: Texas
Well, I think you've certainly got the basics covered.

You could think about saving for those items that you know will eventully need to be replaced, thereby moving them out of "emergency" status. I make a car savings payment each month and a house repair savings payment each month.

Or you can start saving towards whatever wants/goals you have. I really want to travel as a family, so I have an automatic monthly travel savings payment.


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 Post subject: Re: adventures in the black
PostPosted: Sun Mar 17, 2013 9:44 am 

Joined: Sat Dec 29, 2007 9:30 am
Posts: 570
i think a car replacement savings fund is a good move for us, Panda. thanks! once i get re-oriented, this will probably be the next focus. i expect to get several more years out of both cars, but advance preparation is helpful.


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 Post subject: Re: adventures in the black
PostPosted: Mon Jul 08, 2013 9:03 pm 

Joined: Sat Dec 29, 2007 9:30 am
Posts: 570
well, i'm back. as planned, we got our estate plan set up and paid for, then took a break from the rigorous savings plan. perhaps too much of a break, but we needed a bit of free-rein time after making that milestone down payment savings goal. we went back to visit family, took that long weekend in the mountains we've been wishing for, and purchased a bit of a longer-term investment to keep our cars going (since we plan to keep these for another 5 years or more).

all our work-related expenses have been reimbursed and credit cards back to zero. spouse's class ended up costing us a lot more than we had hoped, and though we did get reimbursement for the tuition this week, we got soaked for the rest pretty badly. we're still looking at a long-run payoff, though, so there's no sense getting too worked up about things that are over and done with.

at any rate, now it's time to get back down to business.

goals:
1. extend emergency fund
2. baby savings
3. additional savings (car replacement or increasing future house down payment)

more as we get going on these.


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 Post subject: Re: adventures in the black
PostPosted: Fri Nov 08, 2013 8:38 pm 

Joined: Sat Dec 29, 2007 9:30 am
Posts: 570
not much of note recently. been working away on the savings goals.

1. emergency fund: went ahead and increased it by 50%. just finished today. i think this is good.
2. baby's savings: slow going here, too focused on the emergency fund i guess. also, i want to put this into the stock market, but there is that minimum investment at vanguard thing. i've got to break through the minimum so i can just do this.
3. additional savings: ticking away on this one too. now that the emergency fund is done, i think 2 and 3 will get more attention.

i've been back and forth over a job offer that is, well, pretty stable. it would add security and better benefits, and massively reduce the need for that emergency fund we just put together. it's time for me to get a "real" job anyway.

net worth is approaching another nice round number. might hit it by the end of the year... or might fall just short. very nice to see this increasing trend continue, regardless.


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 Post subject: Re: adventures in the black
PostPosted: Sat Nov 09, 2013 5:49 am 

Joined: Mon Feb 04, 2008 7:35 am
Posts: 1140
Location: Maryland
Your ears must have been ringing because i was just thinking about you. Glad to hear that your goals are moving along nicely!

I thought your job was a real job. :) I guess if there's something better out there for you, go for it. Stability counts for a lot!

*hugs* Miss you.


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