I can't believe that it is almost September & this is my first blog of the year. My last blog was over a year ago about an interview for a job that I didn't ultimately get. But today, I'm writing to say that a month ago & finally started a second job. This job means so many opportunities for me. The opportunity to max out another retirement plan, to pay off debt, and maybe down the road, to buy some income properties. Unfortunately, a natural disaster curtailed my work hours as the hospital closed due to flooding. But more importantly, I was spared any flooding. I'm feeling so blessed lately!
This week I had only my second interview this year. I'm optimistic as I used to work with the manager, but she's interviewing several more people - who also probably used to work with her. Pay is not great, but I'm motivated & the work is largely on the weekend: 5a-1:30p. I would still have most of my weekend to do as I please or need.
In other news, I had an employee leave to pursue educational opportunities so I'm short-handed & will be hiring - hopefully soon! I'm excited to be able to interview & hire someone who fits in with my vision of what we need. My other employees I "inherited". I realize what a huge game changer adding a new employee into the mix can be, so I hope to choose wisely.
I continue to apply & have promising leads, but nothing comes to fruition. I had a promising interview several weeks back, even worked with some of the employees, and I never heard back. It's hard not to be discouraged, but I press on. I am determined to find another income stream & I'm open to any credible possibility. If anyone has any ideas, feel free to share.
I have had some ups & downs since my promotion, but I'm grateful for the chance to grow professionally.
Yes, finally. Finally, my promotion is on record. My last paycheck was supposed to my first for my increased pay, but that wasn't done in time. So this week's paycheck will have a double increase. I've stepped up my credit card payments & have applied for PRN jobs to provide additional income to get my debt paid off for good.
The things that I usually shop for I've been abstaining from. It feels good. I've made a few clothing purchases (caught an 80% off end of season sale) to supplement my work wardrobe. I plan on advancing my career every chance that I get. I'm taking all the classes I can & networking every chance I get. I've never been more motivated. This promotion has been a very good thing & I'm so grateful.
$500 increase for my TSP. IRA limit remains unchanged. I'm always excited to be able to save more!
I thought that I had posted this last month, but apparently not. I got offered a promotion at work after applying & interviewing for the position. Now, that was 3 weeks ago but I still haven't started in my new duties or increased pay. I don't know what my increased pay will be, but it will just be used to pay current debt. Still, I'm so excited, and this is the answer to many prayers. I've been working towards this position since I joined my agency & finished graduate school years ago. I can't wait until I can officially put that new position on paper.
I did a search today for 2015 retirement savings plans limits & found this article which seems to think that limits will likely rise next year. I hope so.
Because I don't have any blog entries for 2014 & it's been bugging me.
The 2nd job has not materialized due to the administration moving very slow. I've remained in contact with my interviewer & she's very interesting in hiring me so I remain optimistic. One thing I know, is that I will not fritter away that second income like I did with my previous second job. I am on a mission like I never have been before.
I am also very hopeful to have good news to share about my current job in the coming months. Fingers crossed & prayers lifted up. 2014 has already been a very blessed year for me.
My trip to China is done & in the books as the best adventure I've ever embarked upon. We had a great time. I never thought I would go to Beijing, but now I can say that I did that and so much more - like walk on the Great Wall! We were leaving Beijing the day after MH370 disappeared, but I am thankful for a safe journey.
Next trip is to visit my sister's family in May to celebrate my nephew's first birthday & her husband's retirement from the Navy. I'm really looking forward to that.
Spring is here & the weather is beautiful. I'm going to enjoy it for as much as I can before the weather & humidity gets stifling hot!
I am enjoying reading about everyone's goals for 2014. It inspires & excites me for what is ahead in the coming year.
I told myself that I was content with working one job, but as I look at my goals, I decided to apply to work a part-time job again. I may not get it, but it would be incredibly convenient as the hospital is located just down the street. It would also help me meet my savings goals & re-build my emergency fund. And the more I work the less time I have to spend money.
I hope you all had a wonderful holiday. I am very thankful to be so abundantly blessed. Too many blessings to list them all, but a few stand out at the moment.
I have had a great year at work. I recently was awarded a peer award by my colleagues. I also have the highest rating level possible. Bonuses are tied to ratings. I don't know what my bonus will be this year, but I am grateful for whatever I get in these difficult economic times. Also at work this week I won our Biggest Loser competition. It was nice to have some extra cash in my pockets, not to mention the benefits of getting healthier.
My birthday is Thursday & I'm looking forward to the coming holidays. I just know that this coming year will be an exceptional year for me!
I have a lot of home updates, improvements, & repairs coming up. Checking them off one by one. I know it's important to take care of your home to protect your investment, but as I spend time at home, I know that I also want a home that looks good & feels comfortable.
It's pretty cool when you meet & surpass a goal without knowing it. It was a pleasant surprise when I logged into Mint this morning & was able to mark a goal completed & set a new goal. Two major goals met in one year. Pretty stoked about that.
As we head into fall, I was thinking about reaching this year's goals & looking ahead to next year's goals. This year my main goals are retirement & debt repayment, as they are every year. I always meet my retirement goal, as I will this year. In January I funded my Roth IRA with the maximum $5,500. I don't know if I'll be able to do that this January. I may have to fund it throughout the year, since my savings have been somewhat depleted to pay down debt. I will continue to fund my retirement account at work with my maximum contribution. I have not read if they're anticipating another increase in limits next year, though. A $500 increase would only mean an extra $20 biweekly though.
Last year I transferred the majority of my credit card debt to a card with 0% interest for 18 months. I started out paying $200 weekly, but now pay $100 weekly since I have one job. I still plan to have that paid off before the 18 months of no interest.
On a lighter note, I am going to enjoy this 3 day weekend by taking some time to cook, relax, and visit with family & friends.
The student loan repayment program at my facility underwent an audit. I've been having problems getting them to pay my student loan going on a couple of years now, so this was welcomed news. Well they still seem to be having problems figuring things out since they sent me a letter stating that they would pay me for an award that has already been paid, plus they extended my service obligation date. *sigh* At least it's something, not everything that they owe me, but I will happily take this lump payment that they're promising to send to Sallie Mae. I can't wait to divorce that lady - again!
I was watching the news the other day, on the 50th anniversary of MLK's March on Washington & his famous "I Have A Dream Speech". They pointed out that while he is celebrated today, when MLK was assassinated he was seen as a very divisive figure. He was hated by many who saw him as a race baiter, rabble rouser, & just a generally bad American. And I was thinking, don't they do the same thing today? Hate you for your politics, hate you for your skin color, hate you for your religion, accuse you of doing what they are guilty of themselves? Then I thought, people can say whatever they want about you. The test of time will judge your actions in the correct light, not the view tainted by people's political agendas or bigotry. If you just keep on doing the right thing. What a legacy MLK left by not letting the naysayers deter him from speaking the truth boldly. Your critics of today are temporary & will be soon forgotten. Just keep pushing on.
The stock market has had some record setting highs this year. More than any other year I believe I read. I'm always happy to see my investments increase.
I'm managing on one job just fine & enjoying all the free time. I've started working out 5 days a week & started back training by jogging. I can't wait to see my progress. One thing about running, you can really see the improvements early on & they keep on coming.
My employer is officially no longer paying on my student loan. I believe the money was misappropriated/lost. I've always made the payments & will continue to do so. This repayment plan was just extra. I'm sorry to no longer have it, but prepared to pay it myself regardless.
Two weeks since my second job was eliminated & I'm more tired than ever. I feel like I need to get a second job again just to get some rest!
Some changes I made thus far this year:
1. Started off the year with a spiritual Daniel Fast & it made all the difference. Also, it forced me to stop eating out & enjoy cooking healthy, whole foods at home.
I went into 2013 with a renewed sense of hope & the fast just really opened my heart to what God has in store for me in every area of my life.
2. Transferred my credit card debt at Capital One to Pentagon Federal @ 0% interest for 18 months.
3. Attended the inauguration & visited with family. I had a wonderful time.
4. My second job that I have held for 4 years will end in April due to the hospital closing. I have worked at this hospital in some capacity since 2000. I'm just waiting & praying to see what I should do on that.
I've been wanting to start a small business for some time now. I am excited to see what the future holds on that.
So next year I will be able to contribute $17,500 to my TSP, up from $17,000 in 2012. Next year I will also be able to contribute $5,500 to my Roth IRA, up from $5,000 in 2012. Yay! $1,000 more towards my future sounds awesome to me!
I'm anticipating that I will get some extra income in the next month from working during the hurricane. This will help fund my vacation & the hours I will miss working at my second job while on my vacation. I will save the rest in my savings. I plan to fully fund my Roth IRA in January with cash in savings.
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?
I've been a busy bee traveling here & there. I have a few more trips planned, but will settle down next year. Traveling isn't free unfortunately. I want to get back to blogging, but not much is happening with me. I'm in a steady state of paying off debt & saving. Same strategy as always.
I will probably lose my second job soon so I'm looking for a replacement. Last month I paid off my car so that's $327 less in monthly loan payments for me. Yay!!!
New limit of $17,000 to TSP ($16,500 to TSP in 2011)
$5,000 to Roth (EFT completed today for market open on Tuesday, have always maxed out my IRA)
Pay off credit card debt completely (this is the big one, and I'm determined to see this one completed by the end of the year)
Pay off car (on track to have my car paid off long before the end of the year, can use the money to help pay off other debt)
Continue to pay off grad school loans with the help of my employer's student loan repayment plan.
I'm not too worried about paying additional on mortgage until I complete the previous goals.
I am so excited to see this new year. I have a lot of hope and wishes for this new year and I believe some prayers will be answered in a big way. God has been faithful to me and my family.
I have spent most of the day going over my financial status and making plans for this new year. My net worth for 2011 increased by $38,000, mainly due to retirement contributions. Pretty good. I think my net worth will increase significantly again this year.
My one financial resolution was to stop shopping. I think this will have a big impact on my financial standing as it will allow me to pay down debt rather than just maintain my credit card debt level as I did this past year.
Increase savings + decrease debt = a recipe for success in 2012!
Well I've been waiting for the 2012 retirement plan limits since before the IRS announced the cost of living increase for Social Security recipients. Lost in all that was the increase for qualified retirement plans (401(k), 403(b), 457(b)) to $17,000, though after the SSI increase I was expecting it. Income limits have increased as well for IRAs, AGI, etc.
This is great. It means money that we can put away to secure our retirement. I will increase my biweekly deduction sometime in December to make sure it's in effect in January.
Did the IRS really announce the 2012 limits for retirement plans? I just did a search because I was curious and found two articles. One guessed that they would raise the limit $500 to $17,000 and the other said that the IRS already announced that there would be no increase. Now I'm skeptical of both articles because I don't think we're getting an increase and also because they don't usually announce the limits this early. Anyway, I usually hear something when they do announce the limits. Granted, things feel so uncertain in our country's economy that maybe nobody cared to say much, but this is unusual. I guess I could just check out the IRS website. Like duh. LOL
Just when you think you're finally getting ahead, or even catching up, expenses just seem to keep coming. After getting new tires, I've decided that I've put off repairs around my house for long enough. I'm taking off next week, but I'm not going on vacation. I'll be at home getting things done around the house as well as well as picking up a few extra hours at my other job. That will help with the expenses a little. I need new fans, new light fixtures, check for a leak under my sink, some landscaping. Too many things!
Well, I'm out almost $400 today for a new set of tires. Thank goodness my air conditioning is still holding on. When it rains, it pours.
I'm nervous about what my investments will do when the markets open Monday. This government impasse is making me nervous with every passing hour.
My list of home improvements just keep piling up and I have made no effort to accomplish any of them. I must stop being so lazy! I'm thinking of replacing my sliding doors for French doors. I need two light fixtures replaced, a ceiling fan replaced, and a tree and bush removed from my patio area. I should also get my carpets cleaned and air conditioner serviced. *sigh*
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