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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. 🏡

Retention Incentive…finally!

May 28th, 2022 at 02:12 pm

We finally got paid our retention incentive & as a bonus they even made it retroactive! So in addition to receiving an extra 10% for this paycheck, we also got back pay for the 5 previous pay periods. It was a very nice check, even though they took out a lot in taxes. I am grateful for this added income over the next year. I want to make the best use of it.

Posted in Personal Finance, Career, Professional Life | 5 Comments »

5 Responses to “Retention Incentive…finally!”

Amber Says:
May 28th, 2022 at 04:25 pm 1653755120
1653755120

That's awesome!
LuckyRobin Says:
May 29th, 2022 at 12:30 am 1653784240
1653784240

It must be a relief to finally get it and to get it retroactively. Sometimes it feels like things like this take forever.
mumof2 Says:
May 29th, 2022 at 12:56 am 1653785775
1653785775

that is awesome...every extra bit helps!!
rob62521 Says:
May 30th, 2022 at 02:50 pm 1653922249
1653922249

That is terrific! I'm sure you'll put it to good use! I'm happy for you!
LivingAlmostLarge Says:
June 2nd, 2022 at 07:29 pm 1654198173
1654198173

congratulations! wow

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Firefly's Personal Finance Blog

Working out my spending impulses.

Retention Incentive…finally!

5 Responses to “Retention Incentive…finally!”

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