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A place for Get Rich Slowly readers to ask questions
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It is currently Thu Jul 24, 2014 8:47 pm




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 Post subject: Re: 2010 Goals
PostPosted: Thu Feb 18, 2010 10:00 am 

Joined: Tue Aug 05, 2008 3:22 pm
Posts: 548
Location: Northern CA
That sucks. I'm sorry. Hope the wounds heal quickly.

Sandi


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 Post subject: 2/28 numbers
PostPosted: Fri Feb 26, 2010 8:50 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
(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.)


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 Post subject: Re: 2010 Goals
PostPosted: Fri Feb 26, 2010 11:37 am 

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


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 Post subject: Re: 2010 Goals
PostPosted: Fri Feb 26, 2010 3:20 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
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.

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Sam

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


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 Post subject: Re: 2010 Goals
PostPosted: Fri Feb 26, 2010 3:21 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
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.)


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 Post subject: Re: 2010 Goals
PostPosted: Fri Feb 26, 2010 5:27 pm 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 959
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?

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Be what you want to attract.


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 Post subject: Re: 2010 Goals
PostPosted: Sun Feb 28, 2010 9:26 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
Quote:
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.

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Sam

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


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 Post subject: Re: 2010 Goals
PostPosted: Sun Feb 28, 2010 10:07 am 

Joined: Mon Feb 04, 2008 7:35 am
Posts: 1148
Location: Maryland
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. :)


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 Post subject: Re: 2010 Goals
PostPosted: Mon Mar 01, 2010 6:05 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
Quote:
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.

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Sam

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


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 Post subject: Updated 2/28 numbers
PostPosted: Mon Mar 01, 2010 12:23 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
(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.)


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 Post subject: Re: 2010 Goals
PostPosted: Mon Mar 08, 2010 7:10 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
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.

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Sam

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


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 Post subject: Re: 2010 Goals
PostPosted: Mon Mar 08, 2010 7:28 am 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 959
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.

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Be what you want to attract.


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 Post subject: Re: 2010 Goals
PostPosted: Wed Mar 10, 2010 5:40 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
More good news, I'm receiving a 14% increase in comp. See blog for more details.

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Sam

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


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 Post subject: Re: 2010 Goals
PostPosted: Wed Mar 10, 2010 5:59 am 

Joined: Wed Oct 07, 2009 4:16 pm
Posts: 959
:clap: :clap: :clap:

Can't deny that is great news! Congrats!

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Be what you want to attract.


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 Post subject: Re: 2010 Goals
PostPosted: Sat Mar 13, 2010 8:31 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
(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.

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Sam

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


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