2010 Goals

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!

Moderators: lvergon, Fiscal Fitness Moderator

sandi_k
Posts: 548
Joined: Tue Aug 05, 2008 3:22 pm
Location: Northern CA
Contact:

Re: 2010 Goals

Postby sandi_k » Thu Feb 18, 2010 10:00 am

That sucks. I'm sorry. Hope the wounds heal quickly.

Sandi

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

2/28 numbers

Postby Sam » Fri Feb 26, 2010 8:50 am

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000

Total - $57,700

(1) - $3954 (12%)
(2) - $1200 (12%)
(3) - $200 (17%)
(4) - $450 (13%)($6972 in our baby fund, goal is $10,000)
(5) - $800 (11%)($25,963 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)

Total - $9604 (17%)

Slightly ahead of schedule on savings. Increased baby fund savings from $100 per pay period to $150 ($300 a mo.).
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

peachy
Posts: 1148
Joined: Mon Feb 04, 2008 7:35 am
Location: Maryland
Contact:

Re: 2010 Goals

Postby peachy » Fri Feb 26, 2010 11:37 am

I don't know what's going on, but the last post I see of yours is that your audit went bad. It says that it's updated, but I can't see it. I'm thinking that maybe if I post, I can see what you wrote.

***this is a test***

Well, I didn't necessarily have to post, but I see it when I am on this screen ABOUT to post. If I scroll down I see it-sometimes.

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Fri Feb 26, 2010 3:20 pm

The site seems buggy, I did post my 2/28 numbers but there are not appearing on screen unless I hit reply. Not sure what is going on.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Fri Feb 26, 2010 3:21 pm

Posting our 2/28 numbers again since my earlier post isn't showing up.

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000

Total - $57,700

(1) - $3954 (12%)
(2) - $1200 (12%)
(3) - $200 (17%)
(4) - $450 (13%)($6972 in our baby fund, goal is $10,000)
(5) - $800 (11%)($25,963 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)

Total - $9604 (17%)

Slightly ahead of schedule on savings. Increased baby fund savings from $100 per pay period to $150 ($300 a mo.).
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

fantasma
Posts: 962
Joined: Wed Oct 07, 2009 4:16 pm
Contact:

Re: 2010 Goals

Postby fantasma » Fri Feb 26, 2010 5:27 pm

8) :clap: Will I ever get to save like you? :oops:

What happened with the audit? I know you stated it went bad but did you try to file an appeal?
Be what you want to attract.

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Sun Feb 28, 2010 9:26 am

What happened with the audit? I know you stated it went bad but did you try to file an appeal?


I plan to post all the details at a certain point. Right now I'm in denial and trying not to let the whole situation bring me down. We've provided the IRS with more info and we are waiting to hear from them, we've agree to pay certain monies for one year but have not yet paid it. I really didn't want to pay any money untill the whole situation was resolved but not sure if we'll have a choice in that.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

peachy
Posts: 1148
Joined: Mon Feb 04, 2008 7:35 am
Location: Maryland
Contact:

Re: 2010 Goals

Postby peachy » Sun Feb 28, 2010 10:07 am

Thanks for reposting your numbers. I don't know what was going on with your thread.

My dad/parents are getting audited, and they keep looking and looking for stuff. I guess they will keep looking until they find something, even though my dad already told the lady to let him know specifically what she wanted, and he would tell her/show her what she needed, but she's taking the arduous route.

Good job on your savings. You and Mr. Sam are great goal setters and achievers. :)

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Mon Mar 01, 2010 6:05 am

My dad/parents are getting audited, and they keep looking and looking for stuff. I guess they will keep looking until they find something, even though my dad already told the lady to let him know specifically what she wanted, and he would tell her/show her what she needed, but she's taking the arduous route.


We were told, by our CPA and others in the know, that once the IRS starts the audit process, they keep looking until they get some money out of you. So far this has been true for us, our audit started on one topic/issue which was resolved and then they moved onto another topic/issue and we've decided to give up on part and pay them so they'll be getting some money out of us. We continue to fight on another issue so we'll see.

It is depressing and while we keep saving away there is a chance that we'll have to pay a hefty chunk of our e/r fund over to Uncle Sam.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Updated 2/28 numbers

Postby Sam » Mon Mar 01, 2010 12:23 pm

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000

Total - $57,700

(1) - $4554 (14%) (goal is $33,000)
(2) - $2200 (22%) (goal is $10,000)
(3) - $200 (17%) (goal is $1200)
(4) - $450 (13%)($6972 in our baby fund, goal is $10,000)
(5) - $800 (11%)($25,963 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)

Total - $11,204 (19%)
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Mon Mar 08, 2010 7:10 am

Some good news, Mr. Sam received a 3% raise at work which will kick in in May. He also received a $10,000 bonus which we will likely save in our emergency fund until we get a ruling from the IRS.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

fantasma
Posts: 962
Joined: Wed Oct 07, 2009 4:16 pm
Contact:

Re: 2010 Goals

Postby fantasma » Mon Mar 08, 2010 7:28 am

That's awesome I needed to hear some good news this morning. I haven't had a raise in years, unless I got a promotion.
Be what you want to attract.

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Wed Mar 10, 2010 5:40 am

More good news, I'm receiving a 14% increase in comp. See blog for more details.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)

fantasma
Posts: 962
Joined: Wed Oct 07, 2009 4:16 pm
Contact:

Re: 2010 Goals

Postby fantasma » Wed Mar 10, 2010 5:59 am

:clap: :clap: :clap:

Can't deny that is great news! Congrats!
Be what you want to attract.

Sam
Posts: 1109
Joined: Sun Apr 29, 2007 8:11 am
Location: Sunny Florida
Contact:

Re: 2010 Goals

Postby Sam » Sat Mar 13, 2010 8:31 am

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000

Total - $57,700

(1) - $6900 (21%) (goal is $33,000)
(2) - $2200 (22%) (goal is $10,000)
(3) - $300 (25%) (goal is $1200)
(4) - $600 (17%)($7122 in our baby fund, goal is $10,000)
(5) - $1000 (14%)($26,163 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)

Total - $14,000 (24%)

Uptick in progress due to Mr. Sam's bonus, 401k deductions applied to bonus so he is well ahead on his contributions for the year. We are about $2,900 ahead on our 2010 savings goals.
Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


Return to “Fiscal Fitness Journals”

Who is online

Users browsing this forum: Google [Bot]