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About Me:

terri77

I am 47, 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. 🏡

PayDay...Kind Of

August 15th, 2020 at 04:51 pm

I got paid yesterday for my third job. I only worked 4.37 hours due to the kit shortages. I paid 75% of my pay in taxes because I have it set up to take an additional $100 out each paycheck. So I netted approximately one hour’s pay. Oh well. Even though I’ve only worked there 3 months I’ve already made over $10,000 for the year.

TSP says my personal investment performance for the last 12 months is only 6.26% but it sure seems like a lot more with the recent gains.

Net Worth: $969,408

Posted in Investing ideas, Retirement readings, Net Worth, Investing, Personal Finance, Retirement | 2 Comments »

2 Responses to “PayDay...Kind Of”

rob62521 Says:
August 16th, 2020 at 08:58 pm 1597607888
1597607888

Wow, that's a great net worth! And $10K for 3 months is pretty darn good!
terri77 Says:
August 20th, 2020 at 12:15 am 1597878929
1597878929

I got paid a sign on bonus, but I was working a lot of hours at first. It was kicking my butt frankly. Now I seem to have so much time on my hands. I should probably be more productive when it comes to cleaning my house.

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Firefly's Personal Finance Blog

Working out my spending impulses.

PayDay...Kind Of

2 Responses to “PayDay...Kind Of”

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