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It looks like you showed that debt who's boss. You hammered it down at quite a rate. You must have straightened out a lot of other stuff to do this.
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Oct 5, 2019 07:05
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Yeah - starting to use YNAB to track and reduce my spending was a big help but I was really lucky that a lot of other things fell into place and helped me knock it down at a really fast rate. Excited to start building up some actual savings for the first time in my life and watch number go up instead of down.
Jato fucked around with this message at 12:03 on Oct 5, 2019 |
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Oct 5, 2019 12:01
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Jato posted:Today is a good day. After many failed attempts at planning and budgeting and then finally getting my poo poo together over the past year - for the first time in my adult life I am debt free!
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Oct 6, 2019 00:09
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Started a new job and moved to a new city two months ago but have been traveling and hadn't had time to sit down and really go over the new finances until this weekend. Even with my rent doubling in the new city, with the new salary alone (not counting the bonus and equity), I've still got the entirety of my old salary's budget to play with so I'm throwing all the extra into my last outstanding loan so I can be completely debt free by mid/late 2020!
Chaotic Flame fucked around with this message at 00:12 on Oct 14, 2019 |
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Oct 13, 2019 20:27
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Jato posted:Today is a good day. After many failed attempts at planning and budgeting and then finally getting my poo poo together over the past year - for the first time in my adult life I am debt free! Congratulations my friend! You put in a concentrated and disciplined effort and the results are yours! Well deserved comrade!
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Oct 15, 2019 17:49
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Had to borrow $5k out of my savings account in the first half of this year to pay for some unexpectedly large expenses, and today I did the math and realized I'm on track to have that much money put back into savings by year's end.
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Oct 20, 2019 19:37
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  I hope to have this licked by the end of next year. I'd have had a much better curve for the first three months but the animals ate up around $1700.
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Nov 1, 2019 09:59
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Congratulations, that's amazing!
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Nov 12, 2019 12:49
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At the age of 35 I have finally managed to max out my TSP contributions for the very first time. With two months to spare! (I don't get any matching :\ )
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Nov 14, 2019 20:03
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overdesigned posted:At the age of 35 I have finally managed to max out my TSP contributions for the very first time. With two months to spare! (I don't get any matching :\ )
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Nov 14, 2019 20:20
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Made my last student loan payment today.
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Nov 16, 2019 07:28
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The past couple of years have felt like it's been nearly impossible to get any improvements. The previous year I had massive tax bills based on other higher earning year. After struggling to get money to pay down floating rate debt my tax return had the government owing me a lot of money. So much that most of this years tax has been paid in advance. I ended up having an uptick in income. So in the past 12 months I went from -$33k to +$22k. Put $21k into investments and installed solar panels on my house. Including principle payments on the mortgage I ended up $104k ahead over the last year excluding any investment gains. A good outcome but it's been painful the whole way.
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Nov 16, 2019 07:59
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Liquid Communism posted:Made my last student loan payment today.
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Nov 16, 2019 14:24
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Liquid Communism posted:Made my last student loan payment today. 
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Nov 16, 2019 14:30
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My wife and I both had a ton of school debt and personal debts (school loans, credit cards, personal loans for furnishing our first house, medical bills before we both got insurance, equallying easily over 75k) and I just got the final commitment on our 2nd house. We got a foreclosure the first time around and it was a very tiny starter home, but with a crapload of sweat equity and us both learning to literally become bob villa on everything and penny pinching we finally get to enjoy more than a 1 bedroom 1 bathroom house and my daughter finally gets her own room. After selling our house and the downpayment on our next house, we are basically debt free, and will finally have some savings in the bank. It's a very modest house but I'm proud of being able to persevere through the tough times my wife and I went through that led to this point. I will enjoy having a net worth!
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Nov 21, 2019 20:25
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Yuzenn posted:My wife and I both had a ton of school debt and personal debts (school loans, credit cards, personal loans for furnishing our first house, medical bills before we both got insurance, equallying easily over 75k) and I just got the final commitment on our 2nd house. We got a foreclosure the first time around and it was a very tiny starter home, but with a crapload of sweat equity and us both learning to literally become bob villa on everything and penny pinching we finally get to enjoy more than a 1 bedroom 1 bathroom house and my daughter finally gets her own room.
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Nov 21, 2019 20:28
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Reached $100,000 in my superannuation (Aus. equivalent of 401k) this week. I'm 32 so bit behind others, but definitely above average, so I'm happy.
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Nov 27, 2019 05:50
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CelestialScribe posted:Reached $100,000 in my superannuation (Aus. equivalent of 401k) this week. Well done! Do you work for a government entity? If so, you may find that they offer a co-contribution that matches you above the 9.5% level. Otherwise, if you want to increase your super, remember that you can do post-tax contributions to top it up to $25k and claim the difference in tax between your marginal rate and the 15% back at tax time. Your unused portion of the cap also now rolls forwards for up to 5 years.
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Nov 27, 2019 07:02
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Yuzenn posted:My wife and I both had a ton of school debt and personal debts (school loans, credit cards, personal loans for furnishing our first house, medical bills before we both got insurance, equallying easily over 75k) and I just got the final commitment on our 2nd house. We got a foreclosure the first time around and it was a very tiny starter home, but with a crapload of sweat equity and us both learning to literally become bob villa on everything and penny pinching we finally get to enjoy more than a 1 bedroom 1 bathroom house and my daughter finally gets her own room. drat right, nobody can ever take that away from you! This is such a great story; I'm so happy for you guys 
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Nov 27, 2019 13:29
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Nam Taf posted:Well done! Nah just the straight 9.5% for me. I'm contributing a further 5.5% on top of that though, so 15% overall. It's hard finding guides for super because the calculators are super conservative, and most of the data is on what the "average" balance is, rather than what the balance should be.
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Nov 27, 2019 22:27
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Nov 28, 2019 00:48
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CelestialScribe posted:Nah just the straight 9.5% for me. I'm contributing a further 5.5% on top of that though, so 15% overall. Make sure you claim that 5.5% as concessional contributions at tax time. You’ll need to submit a form before you claim your tax to ensure your super org converts it to concessional contributions. Give your super org a call and they can step you through it. Regarding estimates, you could reasonably calculate your own super at retirement if you keep up donations as per now (or adjust for inflation), then inflate out your current required expenses and work out how you’re going as a result. It’ll make a whole load of assumptions but give you a good baseline nonetheless.
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Nov 28, 2019 01:13
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Nice!
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Nov 28, 2019 01:43
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With today’s paycheck I’m worth $100k
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Nov 29, 2019 16:36
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tumblr hype man posted:With today’s paycheck I’m worth $100k Congrats! Love the nice round milestones
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Nov 29, 2019 18:28
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 Not going to wait for the year to wrap up to feel good about this rolling 12 months. This is the year that I finally finished crawling out of the financial mistakes that I made in the mid-2000s and started sprinting. I hadn't realized that my NW went up so much this year. For context, I was house poor with a 5 person family and a single income since 2008 and kept on making dumb-with-money decisions until about 2012 when we started knuckling down. A combination of smart budgeting and strong increases in income got me to 2019. - Paid off all non-mortgage debt (~$41K walking into 2019) - Maxed my 401k for the first time in my life. Long stretches of 0% contributions and in recent years just getting my match - Saving 10% of take-home pay - Took my family to Greece this summer to see my Father before he passes (he's still holding on strong at 89!) and to give my kids exposure to family that they never knew they had - Took my wife on a last-minute surprise trip to Nashville for her Birthday - Being comfortable and no longer stressing about grabbing an unplanned dinner with the family and treating ourselves to things I would've freaked out before
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Nov 30, 2019 16:44
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Awesome man. Great job
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Nov 30, 2019 17:07
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I’ve dramatically reduced eating at restaurants over the last month.
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Dec 23, 2019 06:23
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JIZZ DENOUEMENT posted:I’ve dramatically reduced eating at restaurants over the last month. Way to go. That’s a constant struggle for me that I hope to finally kick in 2020 (do we have a 2020 goal thread yet??)
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Dec 23, 2019 07:29
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Doccykins posted:Congrats!    tumblr hype man posted:With today's paycheck I'm worth $100k  tenth-of-a-guillotine buddy!
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Dec 23, 2019 13:52
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I took a look at my reports and noticed I'd also scratched into the $100k club, back in October, but only because of real estate equity giving me an $11.2k boost. Still, it's kinda cool to see 
Beach Bum fucked around with this message at 07:56 on Dec 28, 2019 |
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Dec 28, 2019 07:40
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This thread has a lot a awesome wins recently. That first $100k is definitely the hardest.
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Dec 28, 2019 21:32
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My wife has been working part time for a small company she likes, making peanuts. I make enough money for us and the kids to live on,v and she's been the primary caregiver. Well the kids are older now (vastly cheaper childcare), her work has a huge project with a totally immovable deadline at the end of the calendar year which my wife is completely essential on, and the local labor market is great right now. Long story short, her income is thinking to go from the 6k she made last year to well over 50k. At the same company. That does include going to full time, but including some well defined bonuses it works out to an hourly raise of like 16 an hour more than she was making. As a result, we should be able to pay off our student loans this year.
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Jan 14, 2020 06:54
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Uncle Enzo posted:My wife has been working part time for a small company she likes, making peanuts. I make enough money for us and the kids to live on,v and she's been the primary caregiver. That's amazing, congratulations!
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Jan 14, 2020 07:13
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Instead of paying 178.49 for my student loan, I threw $400 towards it this month. Also, I had 1600 saved up because I thought I was moving out, but turns out not, so today I booked a week long vacation. I know I should have put it towards my student loans but I have worked non stop last year, and the past 2 years had a lot of lovely things that happen, I feel burnt out. The fact is, I am PAYING THIS in "cash" (is cash even a thing anymore, I have the digital numbers in my account) means no credit card debts and I still have a 2 months worth of expanses covered. Whooo!!! DrNewton fucked around with this message at 22:06 on Jan 14, 2020 |
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Jan 14, 2020 21:38
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DrNewton posted:Instead of paying 178.49 for my student loan, I threw $400 towards it this month. Self care is a totally acceptable use of financial resources, friend!
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Jan 14, 2020 22:05
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EAT FASTER!!!!!! posted:Self care is a totally acceptable use of financial resources, friend! Exactly. I will come back refreshed, ready to tackle my student loans and work my butt off.
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Jan 14, 2020 22:06
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As of today my net worth reached $250,000 
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Jan 19, 2020 21:45
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My emergency fund hit 5 digits. Allocating part of that budget into debt now. 
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Jan 30, 2020 00:20
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5.36% raise and a $19,000 bonus today. Plus my 401k match went in today for 2019.
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Feb 25, 2020 21:05
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