Tag Archives: travel savings

Our 2017 financial goals

Our 2017 financial goals

Here our 2017 financial goals! I hope it’s not too late to share these 🙂

Sure, it’s a few weeks past New Years Day, but cut me some slack! We’ve been super busy over here because – surprise – we’re moving!

We’re just moving across the Bay so we can be much closer to work. Our commute times will be so much shorter and hopefully that means more time to spend with each other and on our passion projects *cough* this blog *cough*.

Anywho, enough about that. Here are our 2017 financial goals!

We're only focusing on four financial goals in 2017!

1. Move closer to work

Well, technically – we’ve already accomplished this! In fact, on the day that this post goes live, we will be moving all of our stuff in a U-haul van with some friends.

It did take some moving around of our money to pull off. But after almost a year of living more than an hour away from work, we decided it was worth it to move closer to work. Rent ain’t cheap – but we are at peace knowing that we’re paying for the convenience of living close to work. We’ll have a lot more time on our hands, and I think that alone is worth the money we will spend.

2. Replenish our starter emergency fund

We had to dip into our emergency fund recently to cover some family things. I feel so vulnerable not necessarily having anything right now in our emergency fund. But hopefully this will get done in the next paycheck or so. We just want to get our emergency fund back to $1,000.

3. Decrease our debt by 20%

We are in a ton of debt. Seriously. It’s not good. More on those numbers in a future post.

We know it’s not possible to pay it all off in one year. Especially since we’re paying to move much closer to work. But we do want to keep debt repayment a high priority for us. So as soon as our first two financial goals are taken care of, all of our extra money will be thrown at our debt. I assigned 20% as our 2017 goal. Hopefully it’ll be more than that, though!

4. Save for travel

This year is full of travel plans! Next month, we’re going to Rome to celebrate our anniversary. In July, we have 4 weddings to attend (maybe 5). We’re going to Hawaii in November for another wedding. These travel plans are so exciting! But if we don’t plan ahead, these travel plans can really reverse all the progress on the other three financial goals we have.

So, we are going to be putting money aside each money just for travel. I know that this money would probably do better if we targeted it all to debt, but I want to make sure that we spend only cash for all of these trips. What good is debt repayment if we have to finance our trips?

So there you have it – our 2017 financial goals. I’m keeping it simple this year. Four financial goals is totally doable. The less we have to focus on, the more damage we can do to each of our financial goals.

What are your financial goals this year?

AMDG,
Lisa

June 2014 Net Worth Update

June was a fabulous month for me and my net worth! Without further ado, here is my June 2014 Net Worth Update!

June 2014 revised

Net Worth as of June 30, 2014: $123,137

Overall, my net worth increased by $3,591 this month!!!

Let’s head straight to the break down:

Cash: $2,525 [MTM $132]

As I’ve said before, this category fluctuates every single month. I love it when it fluctuates in my favor! 😉

Savings: $1,222 [MTM $201]

Now that my emergency fund is at $1,000.00, I’m shifting my savings goal for the moment to my travel goals for the year! I’m going to San Diego at the end of this month, FinCon in September, and hopefully SoCal in December! I’ve got a lot to save for!

401k: $142 [MTM $142]

This is a new line item this month! I’ve been at my current job for almost 5 months now. Up until now, I couldn’t sign up for a 401k because of the initial probationary period at the start of my employment. Now that that’s over with, I’m now contributing to a 401k! My match is the same as my match at my old employer – my company will match 100% of my contributions up to 3% of my salary. Free money, baby! Another great thing is that the match is put in every single paycheck instead of once a year, which was how my last job did it.

Traditional IRA: $8,898 [MTM $156]

Not bad for an account that I’m not actively contributing to! These are all market gainz, baby 🙂

Roth IRA: $14,608 [MTM $693]

Every month, I contribute about $460 to my Roth IRA. Which means that the rest of this month’s increase, which is $233, is all from market gainz! My favorite kind of gains 🙂

Est. Car Value $17,821 [MTM $0]

I just updated the value last month, so no change this month. Next time I’ll record an update will be for August.

Est. Home Value $390,000 [MTM $0]

Zero change this month for the house value. Since I bought my house in July 2012, I’ll be updating this value next month!

Credit Cards: $1,579 [MTM ($1,407)]

I’ve chronicled my terrible relationship with credit cards in my three part series: Tired of Credit Card Debt – A Bad Love Story (here are parts one, two, and three). In the final part of the series, I declared war with my credit card debt for the millionth time, and I meant it! I paid off a huge chunk of my CC debt this past month. I’ve been working a ton of overtime lately, and all of it has been going straight to my cc debt payoff! I absolutely can’t wait until this debt is gone for good!

Student Loans: $15,780 [MTM ($59)]

Very, very, very slow progress with my student loans. But as I’ve said before – progress is progress. I’m currently paying a little over the minimum, but once my credit card debt is gone, I can focus more on these bad boys.

Car Loan: $18,831 [MTM ($326)]

I hate my car payments, but I do love my car. This debt isn’t a priority for me since, luckily, I got a great rate on the loan! This will be the next to go after the student loans.

Mortgage: $275,890 [MTM ($475)]

Again, slow and steady progress with this loan. And again, this is not a priority for me. With that being said, I love seeing the balance decrease on this loan. Who doesn’t?

An amazing June with greens across the board – love it!

How was your June?

AMDG,
Lisa