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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. 🏡

Welcome September!

September 1st, 2020 at 10:22 pm

It’s September & my favorite season is in sight. 🍁🍂🎃

Ka-ching! That’s the sound of another sale! I sold 4 more tea towels today. I get more excited about selling something that the money I make! I’m going to ship the package on the way to the gym.

Today is the start of the payroll tax deferral. I’m a federal employee & of course, they will opt in to the holiday. I’m going to be really annoyed when I have to pay back these taxes in the new year, but unfortunately I don’t get to opt out of this political stunt.

My third job called me in yesterday. I got in 4 hours, most which will go to taxes due to my extra withholding, but I don’t want to come up with extra money when I file my taxes.

Posted in General musings | 2 Comments »

2 Responses to “Welcome September!”

Lots of Ideas Says:
September 2nd, 2020 at 03:55 am 1599018951
1599018951

At least you realize you need to pay the social security money back.
This is such a scam.
Doesn’t help the unemployed at all.
Will cause a surprise debt for many who won’t understand it is a no interest loan.
If you don’t trust yourself to save it, increase your Federal withholding to keep your paycheck the same. I don’t usually advise getting a refund, but in this case, for those not disciplined enough to save (not saying that you aren’t, but for others) that is the safest thing to do.
terri77 Says:
September 2nd, 2020 at 03:23 pm 1599060201
1599060201

I should be lowering my TSP by $200 in the new year so that should mitigate the damage. I had lowered my contribution for a short while so I had ramped it up to make up the difference. Next year the limit should be the same so I can go back to putting in $750 every paycheck. This is a silly move to defer the taxes on people that still have jobs only to have to pay them back in the new year.

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Firefly's Personal Finance Blog

Working out my spending impulses.

Welcome September!

2 Responses to “Welcome September!”

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