The Journey

New! Use this space to post your goals, accomplishments, and setbacks on your path to get rich slowly. Others can read about your situation, and provide critiques and motivation. Look here to find somebody who has experienced a situation similar to yours!

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nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
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Postby nossorc » Sun Aug 09, 2009 1:07 pm

These were my original 2009 Goals back in January:

1) Get student loans to under $60,000
2) Get Emergency Fund to $2000
3) Get off to a good start at my job starting in September
4) Fund 401(k) up to employer match.
5) Fully fund Roth IRA

I can't believe it has been this long since I posted these, but looking at them again I will be farrr from reaching most of them. So I'm here to revise them with a better understanding of my financial picture.

1) the main reason for revising this is well, because I have more loans then I thought, i have $73,409 all together. New Goal: Student loans under $70,000
2) I will not be changing this goal: Emergency Fund: 2,000
3) Again, I still want to get off to a good start at the job.
4) I will not be vested in the 401(k)/PSP until after 6 months so I will save this for 2010
5) I will have this fully funded by April 2010, but not by the end of the year. New Goal: IRA contribution $1,500

Since some goals were chopped out here are a couple new ones:
1) get a sharebuilder account started at 50 dollars a month
2) Save $3000 for a car on ING


Progress:
Emergency Fund: 20.01 (1%)
Roth IRA: $300 contributed (20%)
Student Loans: 73,409 (3,409 to go)
Car Fund: $30.01 (1%)

These goals are much more calculated and I feel much more achievable, but still challenging, sorry for the long post and I look forward to posting updates after my first "real-life" paycheck!

jac
Posts: 168
Joined: Wed May 02, 2007 6:52 am
Location: Seattle
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Postby jac » Sun Aug 09, 2009 5:49 pm

Wow, sucks to have found more student loans! Where did that come from?

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Tue Sep 15, 2009 2:43 pm

First paycheck from the new job came today wooo!! so nice to finally get this ball rolling

Besides getting paid this update isn't very positive, I didnt get a job all summer, so i relied pretty heavily on a 0% credit card, so the first goal is to get rid of that, I also have decided to contribute $225 to my 401k at work on top of my Roth so i guess that is good, here are my number updates for goals and accounts in general...

Goals:
Emergency Fund: $60.02 (3%)
Roth IRA: $350 contributed (23%), valued at $425.13
Student Loans: 73,409 (3,409)
Car Fund: $40.01 (1%)

I test drove a Prius and I am pretty set on that being my next car, so that helps with the motivation to save. I will be putting all my mileage reimbursement checks into the fund.

Other Accounts:
Checking: $1,200
CC 1: $2,500
CC 2: $229


The next update will show more progress as I'll have had a chance to distribute more money and another paycheck will have arrived! Off to the races...

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dtr
Posts: 591
Joined: Tue Aug 19, 2008 8:27 pm
Location: NC
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Postby dtr » Fri Sep 18, 2009 9:01 pm

Do they match the 401K?
DTR

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Sat Sep 19, 2009 7:31 am

its a profit sharing plan that gets contributed to regardless of my contribution, based on my income

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Thu Oct 01, 2009 3:07 pm

ahhh payday...

not much added to the "growth accounts" as I consider this payday a bills payday, but either way nice to show some account balance improvements

Roth IRA: 425/1500 (28%)
CC: $2417
CC 2: $25
(credit cards didnt necessarily get much better, but I bought a new phone)
401k: $112
Student Loans: $70504 (2905/3409) (85%) <-- the great success for this month, since I've got most of my year end goal done, this gives me more of a chance to kill the credit card debt and stock up some of my other savings accounts while paying a little more then minimum on the student loans.

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

10/15 Update:

Postby nossorc » Thu Oct 15, 2009 3:49 pm

Roth IRA: 425/1500 (28%) contributed....value is up to $520 now gotta love when the stock market is good
CC1: $2000
CC2: $0
401k: $225 contributed...valued over $235
student loans: no change from previous

other accounts:
ING Car Fund: 125.09/3000 (4.2%)
ING E-Fund: 140.06/2000 (7%)
E*Trade Savings: $100.03 (not part of any goals, but ive found etrade transfers more quickly than ING so I'm kinda splitting my EFund between the two banks)

Checking: $654

car fund and e-fund goals are looking a little out of reach by the end of the year because i want the CC debt gone and think getting my IRA to 1500 are more important goals but we'll see what I can do.

also, i wanna start keeping track of my mint net worth cause it seems like an overall good tracker. currently: -71,123

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

November 15th, 2009 Update

Postby nossorc » Sat Nov 14, 2009 2:00 pm

Mint.com - Net worth is up to $69,178, if i can have a $2000 dollar gain every month I will be very pleased. I am planning on doing a complete goal update after my paycheck at the end of the month and all my money is redistributed.

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Wed Dec 02, 2009 4:48 pm

Mint.com - $68,416 (+762), not bad overall, only one paycheck since last mint update.

CC1: $1400
CC2: $348
Roth IRA: 600/1500 (40%) contributed, valued at $702
401k: $562.50 contributed, valued at $576
Student Loans: no changes yet, but big things are coming.

other accounts:
ING Car Fund: 125.27/3000 (4.2%)
ING E-Fund: 250.38/2000 (12.5%)
E*Trade Savings: 150.07

Checking: $1,457

Quite clearly, I need to work on my goal setting, I undershot not only my goals not only from the beginning of the year, but the ones i reset a couple months ago, by a lotttt. I am very excited for the new year, new chance to set up goals and with a much clearer idea of what my expenses are looking at. January first I'll most likely start a new thread, like probably another 50 of us on the site. :)

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Sat Jan 02, 2010 1:40 pm

well I finished out the old year going in the opposite direction of my goals, but hopefully it will be for the best, i took advantage of toyotathon and bought a 2010 camry, very basic model. I figure I was putting the money away for the car, why not have it @ 0% for 60 months. I also was able to get a discount for being a recent grad.

2009 was an exiciting year, but I was terribly organized financially, so now it is time for new goals and new adventures!!

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Postby nossorc » Sat Jan 02, 2010 1:50 pm

2010 Goals:

2009 ROTH IRA by April 2010: $1500
2010 ROTH IRA by December 2010: $2000
Great Lakes Student Loan by December 2010: $7600
Emergency Fund: $4000
House Fund: $2000

Current Progress: Jan 2010

2009 ROTH IRA: 600/1500 (40%)
2010 ROTH IRA: 0/2000 (0%)
Great Lakes Student Loan: 0/7600 (0%)
Emergency Fund: 771/4000 (19%)
House Fund: 150/2000 (7.5%)

Modest goals, but I realize that I way overextended my goals last year, so I'd rather have much more attainable goals so I can get the joy of completing them.

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Re: The Journey

Postby nossorc » Thu Feb 11, 2010 4:32 pm

Current Progress: Feb 2010

2009 ROTH IRA: 800/1500 (53%) +$200
2010 ROTH IRA: 0/2000 (0%)
Great Lakes Student Loan: 88/7600 (1%) +$88
Emergency Fund: 820/4000 (21%) +$50
House Fund: 200/2000 (10%) +$50


NetworthIQ = ($68,883)

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Re: The Journey

Postby nossorc » Sat Mar 06, 2010 5:26 pm

Current Progress: Mar 2010

2009 ROTH IRA: 850/1500 (57%) +$50
2010 ROTH IRA: 0/2000 (0%)
Great Lakes Student Loan: 155/7600 (2%) +$67
Emergency Fund: 820/4000 (21%) +$50
House Fund: 201/2000 (10%) +$1

NetworthIQ = ($68,094)

It is going to be a challenge to complete my goal of $1500 for the 2009 roth by April 15th, but I'm going to try my best while keeping the CCs paid off.

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Re: The Journey

Postby nossorc » Mon Feb 07, 2011 10:39 am

Unreal, can't believe that it has been almost a year since I've been on here and posted, I still have been reading the site almost daily, but moved away from the boards for the most part...here's the latest from my Journey and goals for 2011...

NetworthIQ = ($58,835)

I guess it is exciting to see the growth for the year, but it does seem a little paltry considering my 55k+salary, hopefully this year provides much larger financial growth and individual growth.

2011 Goals:
-I would like to get my retirement funds up over 10k, currently at $6,700. This shouldn't be a problem barring a big market downturn. Gameplan (100/month to Roth IRA, 118/pay period to 401k).
-EFund over 2k, currently at 1,000.
-Student loans under 55k, currently they sit at 65k, this is going to take a lot of effort but I don't forsee any big purchases in 2011 that will hinder me.

Should be another exciting and I'm sure fast moving year!! Good luck to everyone!

nossorc
Posts: 173
Joined: Wed Nov 12, 2008 9:47 am
Location: FL
Contact:

Re: The Journey

Postby nossorc » Mon Oct 31, 2011 8:02 am

NetWorth IQ = (45,021)

On my goals I set back in February:
Retirement: up over $11k, next stop 20k! By the end of 2012 would be a good time frame goal for that.
Efund: currently @ $1,500, should be able to pretty easily hit $2,000 with a year-end deposit
Student Loans: Ohhh the big purchases never came, but a whole bunch of small ones always do, as I am learning this is a real part of life. Loans are @ 61,258. Part of not reaching the goal has to do with my investing as well. I would like to get them under 60k now for 2011 and shoot for under 50k in 2012.

I am really enjoying creating the semi-short term goals. Fun to come on here every so often and see how I am doing with them. I guess I am not as strict with my goals as some are on here. I am more going to live my life, with my financial goals in the back of my mind. Not having my goals run my life, that is just how I have decided to do things.

Also fun to see that my networth changed only 10k from 3/10 to 2/11 (11 months), but in the last 8 months (2/11 to 10/11) it has changed 14k, things are definitely moving quickly, and in the right direction!!


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