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About Me:

terri77

I am 46, single, no kids. I am a health care professional. I feel that I'm generally a very good saver and a not so good budgeter - hence the credit card debt payoff I worked through in 2020.

My personal finance goals for 2024:

1. Contribute maximum to Thrift Savings Plan. This is a recurring goal that I’ve accomplished every year since 2008.

2. Contribute maximum to Roth IRA. This is a recurring goal that I’ve accomplished every year since 2001.

3. Pay off credit cards. Completed January 2021. Now the strategy is to pay off my credit cards monthly with no balance carryover.

4. Build up emergency & long-term savings. I completed my initial goal in April 2021. I have 3-6 months of expenses saved at this time & I continue to save for my next car purchase, which is hopefully many years away. I use high yield savings and CDs.

5. Invest in brokerage account. I started with the proceeds from selling my condo & have added monthly. This account is for a future down payment when I purchase a home again.

6. Give to church monthly. I attend two churches right now so I alternate my monthly offerings.

7. Give to charity monthly. Food banks are my preferred charity to give to. I have automated my charitable donations at work to give with my biweekly paychecks.

8. Apply for promotions as they become available. Right now I’m very happy in my current position, so this isn’t much of a goal currently. I have received several raises, I enjoy the work I do, & the people I work with…I’m very happy to stay where I am.

9. New goal for 2024! Build new home with $100k down. This will be funded from my brokerage account & cash savings. 🏡

Raise

September 15th, 2012 at 03:03 pm

I got a somewhat unexpected raise this paycheck. I knew it was coming, I just didn't expect it quite this early. I was very happy to see it. I've been very blessed financially. Also, I'm hoping that my student loan payments by my employer gets sorted out soon. It's been 9 months of back & forth trying to get the paperwork fixed. It is ridiculous that it's taken this long, but I'm grateful for the payments still being made in the meantime.

The stock market has been doing really well lately. I can't believe it's almost time - again - to reassess my finance goals for the year. Where has this year gone?

Posted in General musings | 4 Comments »

4 Responses to “Raise”

creditcardfree Says:
September 15th, 2012 at 03:14 pm 1347722041
1347722041

Congratulations on the raise!!
LuckyRobin Says:
September 16th, 2012 at 04:24 am 1347769475
1347769475

Congrats.
Jerry Says:
September 17th, 2012 at 02:36 pm 1347892616
1347892616

Congrats on the raise! Are you saying that your employer takes care of your student loans? That would lead to a huge savings, how did you work that out with them? I have read that some industries do often have that as a benefit, along with insurance and retirement, that the employer will pay a portion of the employee's student loans...
The markets definitely went up recently, but I am not completely sold on the viability of the reasons behind it.
Have a great week!
Jerry
terri77 Says:
October 5th, 2012 at 10:52 pm 1349477540
1349477540

Yes, I'm getting a small amount paid on my loan. It is in addition to my monthly payment, as my employer sends the payment directly to Sallie Mae. It's not a big amount, but every little bit helps me pay off my loan that much sooner. It's a federal program for federal employees, and it depends on the budget of the local agency office.

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Firefly's Personal Finance Blog

Working out my spending impulses.

Raise

4 Responses to “Raise”

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