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Been a while since I've updated, too. Nothing really exciting though since everything's on autopilot.drainpipe posted:Whoo, just got into personal finance last year. Gonna give this a shot.
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Dec 4, 2018 13:55
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Progress: 1) Increase NW by at least $50,000 Kind of dependent on end of year bonus. Right now up by $41,000 over last year 2) 3) 4) Max wife IRA Will happen, she made enough money this year through work and school stipend. I don't think she's moved the money yet, though. 5) 6) not doing great on my running goals but I am at least running, semiregularly, so that's some progress
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Dec 4, 2018 14:10
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KYOON GRIFFEY JR posted:goteborg's chinese overlords thank you It turns out that my major problem with a car that price is that I didn't get to drive it every day. It (the 90) has been an awesome vehicle for us, and so eventually I just decided "por que no los dos?" with the second kid on the way and dove in for round 2 (the 60). It also didn't help that I bought the 90 when we still had like 25k in credit card debt and had 0 emergency fund accrued.
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Dec 4, 2018 14:43
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EAT FASTER!!!!!! posted:It turns out that my major problem with a car that price is that I didn't get to drive it every day. It (the 90) has been an awesome vehicle for us, and so eventually I just decided "por que no los dos?" with the second kid on the way and dove in for round 2 (the 60). Should have bought a used BMW. That's what all the cool kids are doing.
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Dec 4, 2018 14:44
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DJCobol posted:Should have bought a used BMW. That's what all the cool kids are doing. hello EAT FASTER!!!!!! posted:It turns out that my major problem with a car that price is that I didn't get to drive it every day. It (the 90) has been an awesome vehicle for us, and so eventually I just decided "por que no los dos?" with the second kid on the way and dove in for round 2 (the 60). im just fuckin with ya
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Dec 4, 2018 15:06
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DJCobol posted:Should have bought a used BMW. That's what all the cool kids are doing. Yeah the BMW I bought was technically used
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Dec 4, 2018 15:07
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A lot of people are actually buying New this year Volvos have come a LONG way in the last like... Two years. I forsee a bwm S40 or V40 in 2020 if the rumors are true.
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Dec 4, 2018 18:14
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NovGuest2553 posted:1) Save 24k saved Nothing saved this month. Took advantage of black friday sales to buy some stuff we needed (new mattress, laptop after PC died) and wanted and accept that it's coming at the expense of savings.
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Dec 4, 2018 23:52
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EOY! I’m estimating based on the expected year end numbers. Goals: - Pay off extra towards student loans Decreased from 220k to 100k, maybe 90k by EOY depending on cash flow. Goal payoff is now November ‘19 - Increase 529 to 400/mo/child Done - Fight lifestyle creep tooth and nail. In particular limit house furnishing budget Overall net savings/student loan debt payoff rate was 69%. Gross rate was 42%. Big home costs were replacing HVAC and furnishing porch. - Increase charity to 5% net pay Working on it - Keep my '06 Acura until my student loan is paid off. lol nope. But my S5 makes me happy so it’s ok - Maybe carry less cash? dumped excess into a brokerage account and student loan. Carrying a buffer currently in case there is a tax bill Our savings rate was lower than I hoped based on our CoL but we enjoy what we spend. Looking forward to paying off my loans next year.
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Dec 5, 2018 01:05
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Good Will Hrunting posted:Financial goals are thrown completely out of whack (in a good way).. thanks grandma, I really miss you.   I can’t decide what my reaction to this should be. Sorry for your loss but also happy for your future self.
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Dec 5, 2018 08:38
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EOY 2018 Potrzebie posted:Potrzebie posted: With the additional income from renting out our surplus space combined with bascially free electricity onwards should make really interesting things happen to the savings rate come next year. On the other hand I'll be on 100% parental leave half of the year so that will dampen it somewhat. Regardless, sacrificing potential savings to be home with my kids instead is a very Good With Life thing to do.
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Dec 5, 2018 10:35
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I don't have any more updates since my last post (everything is rock solid except my wife deserves a better/better paying job) but I want to gripe that my household would be hitting $200k net worth by the end of the year if the market didn't keep taking a poo poo in the final month here. WE'RE SO CLOSE.
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Dec 5, 2018 16:51
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This is not going to be a great year end for very many people, I think. 
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Dec 6, 2018 12:42
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That's why you shouldn't have goals in net worth (if you are investing) since that is not really in your control.
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Dec 6, 2018 14:10
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drainpipe posted:That's why you shouldn't have goals in net worth (if you are investing) since that is not really in your control.
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Dec 6, 2018 15:11
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BAE OF PIGS posted:drat, I had been waiting for someone to make this thread, and I just noticed that this had been up at the top stickied. I'm just going to let this serve as my year end post. Financial related goals all satisfied. My house downpayment fund, while technically "created" probably wouldn't be enough to even cover closing costs if I'm ever going to buy. Maxed 2018 Roth, and put as much into 2017s before April 15th as I could. Think I ended up contributing something like $7500 total this year. Emergency Fund up to $10,350. Have just been throwing in an extra $50 a month. Will probably continue doing that. Upped my 401k contribution to 10%. Was not able to go anywhere Tropical this year. Got the Alaska airlines card though, and with companion ticket and airline miles bonus we're planning on taking a trip to Costa Rica next year. Got fatter. Started physical therapy though, so hopefully the trend reverses. Was all the way up to 165 at one point, back into the 150s now at least.
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Dec 7, 2018 17:03
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drainpipe posted:That's why you shouldn't have goals in net worth (if you are investing) since that is not really in your control. How would you express a retirement-planning goal?
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Dec 7, 2018 17:06
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Subjunctive posted:How would you express a retirement-planning goal? I think having goals like "Contribute $x into retirement accounts" makes sense since you have control over how much you contribute/save regardless of market performance.
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Dec 7, 2018 17:43
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Yeah, intra-year it's only reasonable to say, "I will contribute $X to Y account." Over 20 years it's more fair to say, "I will accrue $X total," because there's enough time to make that happen by just waaay oversaving compared to your actual goal so there's no way to gently caress it up.
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Dec 7, 2018 17:45
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i do nw goals because it fun when number go up!!! no fun when number go down 
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Dec 7, 2018 17:54
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KYOON GRIFFEY JR posted:i do nw goals because it fun when number go up!!! no fun when number go down  but not as part of, like, my actual hard and firm goals. More like, "If things go well enough then by the end of the year I'll hit $200k" like, you know, the post I made.
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Dec 7, 2018 17:57
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Looks like I can go ahead and do year end as well at this point....Omne posted:2017 Goals: Technical failure of the no new debt goal, but met every other one. Grew emergency fund from $11k to $15k, dropped a student loan from $11,600 to $7500, and moved to another state for a new job. To start with the positive, I paid off my FedLoan balance and also got my Nelnet loan under $10k ($98XX) right now). Yay! I failed the first one, as I traded in my Cherokee and leased a friggin' BMW 530e like an idiot. I hate the payment. I don't like maintaining it. I hate leasing. Karma got me, too, as I got into a my-fault accident shortly after I got it. #2 is a failure, but only because we found a development we like and went ahead and put a down payment on a new construction home back in October. We are now saving as much money as possible before the estimated completion date (late May 2019). #3 is always our nemesis. Let's say we want to go on a vacation...we save up teh money, go on vacation, and pay for it using those savings. Now it's back to near zero. Save up for the next thing, spend it, gone, rinse, repeat. We need to do better here.
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Dec 7, 2018 20:41
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i don't wanna hate on you too much because this is not the thread for it but if you are carrying substantial student debt and failed on your goal to save $15,000 for your house downpayment what in the blue gently caress are you doing leasing a fifty four thousand dollar car
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Dec 7, 2018 21:35
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We were on target with our savings goal, we just jumped on the chance and pulled from other non-emergency/non-retirement savings for the house. I also don't think less than $10k in student loans is considered substantial; I'm making triple payments every month. The car was stupid, but the lease payments didn't increase my monthly payment too much. If I could get out of it, I would. Thankfully we earn pretty high incomes so despite my nonsense, saving for the house stuff and paying down our debt, we can still save a lot each month and afford to travel a bit.
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Dec 7, 2018 21:52
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Am I reading it correctly that you paid off about $10k in student loans but also wiped out your savings and took on a bunch of new debt??Omne posted:Thankfully we earn pretty high incomes so despite my nonsense, saving for the house stuff and paying down our debt, we can still save a lot each month and afford to travel a bit. I hope I read it all wrong because it sounds like your net worth went down this year!
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Dec 7, 2018 23:09
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Our net worth is up in 2018
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Dec 8, 2018 01:27
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Year In ReviewKYOON GRIFFEY JR posted:Progress: is there a next year goal thread yet?
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Dec 14, 2018 16:29
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Working on one now.
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Dec 20, 2018 15:24
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New thread is up https://forums.somethingawful.com/showthread.php?threadid=3877533
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Dec 20, 2018 15:45
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End O' Year Update! 2018 Goals that are on Autopilot: 1-Max out retirement plans (I'm just going to lump these together because at this point that's how it feels) DONE 2-Max the HSA DONE 3-Maintain 529 contributions DONE 4-Keep current car to the "breaking point" Still going strong BIG HARIY AUDACIOUS GOALS TIME!!! 5-Buy at least one rental property, preferably small multifamily (aka 2-4 units) Got the funds, looking at a couple of deals, but won't close by the end of the year 6-Dedicate 10 hours/month to side hustle with best friend Slight cash flow negative, but it's a hobby. Having a few people shout us out on Twitter is pretty cool though 7-NON FINANCIAL: Dedicate an average of 1 hour/day to exercise last quarter was a bit weak, but not abandoned 8-NON-FINANCIAL: Read an average of at least 1 book per month (superstretch: 1 per week)didn't quite make superstretch
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Dec 21, 2018 03:20
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End of the Year! Raise net worth from 101k to 134k: $128.8k Increase house fund from 11.2k to 20.7k: $23.5k Increase e-fund from 7.6k to 9.6k: $9.8k Contribute $2.6k to Roth IRA: $2660 Pay ~3k out of pocket for college: $2950 I had a good year!
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Dec 22, 2018 23:36
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Some inspiring poo poo in here this month.
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Dec 23, 2018 02:55
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EOY update Goals: - - - - - - - Help my wife make money on Etsy Miss - Maybes: - Finish cleaning up the basement and turn it into a play area. Not going crazy with finishing the basement, but getting carpet remnants and some cheap furniture will make it nicer Miss - Release another iPhone app. Actually monetize this one Miss - Not a bad year. Now over to the 2019 thread to do this again.
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Dec 28, 2018 04:25
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End of year update. Congratulations everyone!BEHOLD: MY CAPE posted:Long time reader, first year poster. Editing a little bit to clarify and operationalize some items. Thank you to all posters in these annual threads as well as the rest of this sub for sharing your goals and successes. I have in many ways patterned my goals and financial life off of the advice and plans set forth in these threads.
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Dec 29, 2018 22:11
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Final year-end update. Initial post is below, responses will be below that:IllegallySober posted:I'm a couple days late on starting my 2018 goals but no less motivated. 1. Goal met- this was completed in April! 2. Goal met- CC is still at a zero balance! 3. Didn't make it here- bumped up my contributions over the course of the year, but didn't max it. This 4. Didn't make this one either. Starting 2019 where I started 2018, roughly- at 192.7 lbs as of 1/1/19 9 AM. Don't have a body fat measurement yet but obviously didn't meet the goal of 19%. This 5. I modified this goal a couple of times throughout the year, but in spirit I'm giving myself a pass here. The overall intent was to drastically reduce my alcohol intake both for health reasons and to save money. As it was, YNAB tells me I spent less than $100 on alcohol in 2018, and the drinks I did have were for my birthday and at out-of-town weddings and were kept to a minimum. That said- a version of this will return in my 2019 goals. 6. Huge failure here. $6259.61 was the total. My number-one goal for 2019 will be to address this as this number impacts almost everything else.7. Increased my officiating income, but didn't quite make the goal of $4,000 (wound up at $3553.77) due to missing a weekend for an out-of-town wedding (missed a Saturday of junior football which would have been another $200-300) and a glut of officials leading to a lack of games being available. Will shoot for the same goal of $4,000 in 2019. 8. The side-work gig I got turned into the replacement main job. This is still something I want to pursue in 2019 but in a slightly different form/way. 9. Didn't wind up saving the full $10K for a down payment towards a house, but pulled the trigger on it anyway in December with my girlfriend (soon-to-be fiancee) which was both amazing and terrifying. We both want to throw all extra funds into paying off the mortgage way, way ahead of time (the dream scenario is within five years) and are both fine with not doing much in the next few years to make this goal happen. We're looking forward to hosting a lot of board game nights  10. Didn't happen this year, but my boss and I are set to sit down this month to discuss a compensation plan to get me to $100K in 2019. Looking forward to that discussion! A productive year, but not a clean sweep by any measure. I gave myself 4/10 with near misses on a couple of more. Looking for 10 out of 10 in 2019!
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Jan 2, 2019 23:34
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2018 Goals final update 7) Lose 10 pounds and keep it off - Failed! I lost the weight, but put some of it back on over the holidays. The silver lining to this failure is I used to yo-yo much more dramatically. I'm getting better, and I've made a bunch of lifestyle changes, so this is still failed, but progress was made. Misc goals Stay current on YNAB, stay current on birth control (i.e. no kids please), keep learning in and out of my career (emphasis on house maintenance this year). Passed all goals. Learned a ton of house maintenance stuff, completed several repair projects and am now starting a minor remodeling of a bathroom. ---------------------------------------------------- All in all a great year! 6/7 major goals, good on all the misc goals. We were on track to be well over the NW goal until the last few months. Very happy with my career learning and everything. I don't think I'm going to post in the 2019 thread, because my financial goals are all autopilot at this point. I'm going to redirect the mental effort towards my health goals, which need more help. I'll read along with the 2019 thread though, and if I come up with a more exciting goal (or start slipping on my autopilot goals), I may post midyear. Great work everyone, and thanks!
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Jan 7, 2019 23:57
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