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A place for Get Rich Slowly readers to ask questions
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It is currently Thu Oct 30, 2014 10:02 pm




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 Post subject:
PostPosted: Sun Aug 09, 2009 1:07 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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!


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 Post subject:
PostPosted: Sun Aug 09, 2009 5:49 pm 

Joined: Wed May 02, 2007 6:52 am
Posts: 168
Location: Seattle
Wow, sucks to have found more student loans! Where did that come from?


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PostPosted: Tue Sep 15, 2009 2:43 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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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 Post subject:
PostPosted: Fri Sep 18, 2009 9:01 pm 
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Joined: Tue Aug 19, 2008 8:27 pm
Posts: 591
Location: NC
Do they match the 401K?

_________________
DTR


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 Post subject:
PostPosted: Sat Sep 19, 2009 7:31 am 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
its a profit sharing plan that gets contributed to regardless of my contribution, based on my income


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 Post subject:
PostPosted: Thu Oct 01, 2009 3:07 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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.


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 Post subject: 10/15 Update:
PostPosted: Thu Oct 15, 2009 3:49 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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


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 Post subject: November 15th, 2009 Update
PostPosted: Sat Nov 14, 2009 2:00 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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.


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 Post subject:
PostPosted: Wed Dec 02, 2009 4:48 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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. :)


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 Post subject:
PostPosted: Sat Jan 02, 2010 1:40 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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!!


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 Post subject:
PostPosted: Sat Jan 02, 2010 1:50 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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.


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 Post subject: Re: The Journey
PostPosted: Thu Feb 11, 2010 4:32 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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)


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 Post subject: Re: The Journey
PostPosted: Sat Mar 06, 2010 5:26 pm 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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.


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 Post subject: Re: The Journey
PostPosted: Mon Feb 07, 2011 10:39 am 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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!


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 Post subject: Re: The Journey
PostPosted: Mon Oct 31, 2011 8:02 am 

Joined: Wed Nov 12, 2008 9:47 am
Posts: 172
Location: FL
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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