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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. 🏡

COVID-19

March 14th, 2020 at 03:37 pm

I know everyone is tired of hearing about COVID-19, especially us health care professionals, but it affecting all aspects of life. This week my facility had the first positive patient in our state.

I was supposed to leave for Montreal tomorrow, but that trip (and the event I was traveling for) is now canceled. Also looking very iffy at the moment is my trip to Switzerland booked for May. It may be a blessing in disguise that I can stay home & focus on paying off debt rather than traveling.

I’m down nearly $200k in the market. Sure wish I had been sitting on some cash that I could have dumped in the market.

Posted in Investing ideas, Savings stories, Home sweet home, Debt diet, Net Worth, Travel Tales, Debt, Investing, Personal Finance, Saving Money | 3 Comments »

3 Responses to “COVID-19”

LifeBalance Says:
March 14th, 2020 at 04:08 pm 1584202083
1584202083

I am investing some cash that is in my retirement account. It still feels scary because of course the market could continue to go down down down for a long time, but I figured that if that happens, money will not be our concern.
rob62521 Says:
March 15th, 2020 at 07:50 pm 1584301824
1584301824

It is a scary time, but it seems like so many are in a total panic.

We were hopeful when the market went up on Friday, but I imagine it will decrease again this week.
terri77 Says:
March 15th, 2020 at 10:50 pm 1584312616
1584312616

I see the Dow futures just fell 900 points when the Federal Reserve announced the rate cut.

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Firefly's Personal Finance Blog

Working out my spending impulses.

COVID-19

3 Responses to “COVID-19”

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