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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. 🏡

Goals Met in 2019

December 28th, 2019 at 11:46 pm

While I'm watching LSU win this Peach Bowl (Geaux Tigers!!!) I'd thought I'd write a blog reflecting on 2019 successes.

Health wise, after being diagnosed with type 2 diabetes in 2018 I now have an A1C in the normal range with the help of metformin. I had a significant 2.0% drop in my A1C with medication, exercise, and weight loss of 23 pounds. I work out consistently, jogging 17.5 miles weekly.

I started salsa classes which I love. It took me 3 sessions of level 1 classes to make it to level 2, but I did it. I'm not a natural dancer, but I still love it. In 2020, I'd like to take bachata classes as well.

I met the max limits for my TSP, saving $19k. I saved $4.5k in my Roth IRA & I plan on meeting the contribution limit by April 15th, even if I have to pick up some extra weekends to do so.

Posted in Investing ideas, Retirement readings, Savings stories, Investing, Retirement, Saving Money | 3 Comments »

3 Responses to “Goals Met in 2019”

creditcardfree Says:
December 29th, 2019 at 01:05 am 1577581522
1577581522

Good for you on your diabetes. It's amazing to me that people don't realize Type 2 diabetes is reversible. My best friends Dad did it with weight loss alone. I've been watching people in a Dr. Fung's Facebook group do the same. Amazing how the body can heal! Congrats on your team's win!
GratefulSaver Says:
December 29th, 2019 at 02:38 am 1577587105
1577587105

Salsa is not easy to learn how to dance. I grew up listening to it as it's native to the Caribbean island where my parents are from and where I grew up. Ironically, bachata is easier to learn unless you get into learning intricate moves. Congrats on controlling your diabetes.
rob62521 Says:
December 29th, 2019 at 09:17 pm 1577654247
1577654247

I'm impressed with those dancing classes! And good job on getting you A1C to normal and jogging. Good job on meeting your max limits on your TSP!

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Firefly's Personal Finance Blog

Working out my spending impulses.

Goals Met in 2019

3 Responses to “Goals Met in 2019”

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