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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. 🏡

New Interest Rate

May 10th, 2023 at 12:51 am

I got an email that my new checking account is now paying 5.25% interest which may finally motivate me to start using my debit card. I haven't used a debit card for a very long time. I have to make 15 credit card transactions in order to qualify, which seems like a lot!

Posted in Personal Finance | 1 Comments »

1 Responses to “New Interest Rate”

Joan.of.the.Arch Says:
May 10th, 2023 at 05:55 pm 1683741341
1683741341

That's a great rate on a bank account. I, too, stopped using my debit card which had, in the past, given me a great rate on my checking account (which I actually used for saving). You remind me that I should check on rates again.

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Firefly's Personal Finance Blog

Working out my spending impulses.

New Interest Rate

1 Responses to “New Interest Rate”

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