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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. 🏡

Stimulus Received

May 1st, 2020 at 12:25 am

My stimulus was deposited in my checking account today. I spent $239 on my Roomba (ordered from Kohl’s Monday & received on Tuesday!). I also sent $1k to my TSP loan. I’m so close to paying it off. Then I can pay off my car. She’ll be all mine free & clear! Then I can throw everything towards my credit cards. I can see why people like Dave Ramsey’s debt snowball. Those $0 balances are so motivating!

Posted in Debt diet, Debt, Shopping | 2 Comments »

2 Responses to “Stimulus Received”

Petunia 100 Says:
May 1st, 2020 at 02:22 am 1588299771
1588299771

Congrats on (almost)killing that TSP loan.
creditcardfree Says:
May 1st, 2020 at 02:08 pm 1588342107
1588342107

Yes, zero debt is very fulfilling. You are making great progress!

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Firefly's Personal Finance Blog

Working out my spending impulses.

Stimulus Received

2 Responses to “Stimulus Received”

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