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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. 🏡

Archive for May, 2025

Debts

May 5th, 2025 at 04:53 pm

I have always paid off all my debt monthly since I paid off my credit cards in 2020. Last month was the first time since then that I wasn't able to do so. I have been spending a lot and have another vacation planned next month. That will probably be my last big vacation for the year until I bounce back from all these expenses:

Italy vacation (February)

Boston vacation (March)

Surgery (April)

Auto repairs (May)

London vacation (June)

My deductible for my surgery was over $5k. I'll get some reimbursed through my tax free contributions to my FSA account, but the yearly maximum is only $3,300. I did contribute the maximum as I knew I would be spending on medical needs this year.

Happy Cinco de Mayo!

Posted in Debt diet, Spending stuff, Travel Tales, Debt, Healthcare | 1 Comments »