I am 48, 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 2025:
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, but am rebuilding again after an expensive first year after building my home.
5. Invest in brokerage account. I am rebuilding this account after having used it for my home downpayment.
6. Give to church monthly. I now contribute by autodraft.
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. Closed on my new build home in August 2024 with $134k down.🏡
Because this is a finance blog: the final price was $335,874 including upgrades. The base price was $321,990. I put down 40% to keep my monthly payment manageable. The mortgage is $1,207 and they also escrow the homeowners' insurance and property taxes. I pay the HOA separately. I think it's $800 for the year. They paid the HOA start-up with closing costs.
I am 48, 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.
August 10th, 2024 at 12:54 pm 1723294448
August 10th, 2024 at 04:49 pm 1723308569
August 11th, 2024 at 05:16 am 1723353387
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August 12th, 2024 at 05:44 pm 1723484653
Price breakdown from my closing documents:
$1,207 mortgage
$370 escrow payments
-$261 taxes
-$109 insurance
Total Monthly Payment $1,577
August 13th, 2024 at 12:14 am 1723508099
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August 17th, 2024 at 03:00 pm 1723906849
August 29th, 2024 at 05:19 am 1724908772