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January 14th, 2024 at 05:43 pm
At the end of December I had about $19k in my checking account, which is about double my goal of $10k. So I decided to up my savings goal to $1000 a month from $500. I continue to end up with more money in my checking account at the end of the year than I need. In 2022 I did a transfer to my brokerage account at the end of December. Since I'm looking to buy or build a home this year I'll keep that money & just increase my monthly contributions.
Now my revised goals look like:
$6,000 TSP employer match
$2,600 FSA (to fund my vision surgery)
January 4th, 2024 at 01:38 am
December Total $1,470,019
November Total $1,388,506
Monthly Gain/Loss $81,513
Not included, but worth mentioning. Checking accounts were $19,208 total & car value at lowest estimate is $11k. This puts me at $1.5 million net worth for the first time.
December 30th, 2023 at 03:54 pm
2023 Q4 is done for the year:
Total Investments $1,438,561
For comparison, 2022 Q4:
Total Investments $1,134,888
ANNUAL Gain/Loss $303,673
December 13th, 2023 at 04:41 pm
Yesterday my Thrift Savings Plan balance crossed $1 million for the first time. $1,001,824.87 to be exact.
My Roth IRA balance is $295,011.92. If this holds steady I can expect to cross $300k next year.
December 10th, 2023 at 02:44 pm
$994,975.78 was my account balance on Friday. Getting close!
December 2nd, 2023 at 10:41 am
One of my CDs pays the monthly dividend on the 1st so I'm always a day late.
Total Investments $1,357,671
Cash Savings $30,835
Total Net Worth $1,388,506
Monthly Gain/Loss +$117,446
Checking $16,841 (included this month just to give an idea of what I usually have for cash flow, not included in my net worth calculation)
Car $15,062 (checked Kelley Blue Book value this morning, also not included in my net worth calculation)
My investments gained another $14,000 just one day later. I'm less than $9,000 away from reaching one million in my TSP. So close!
December 1st, 2023 at 12:49 pm
I had an alert set on my phone to open another CD at Capital One today, but have been thinking that I would just keep it liquid while looking for a house. I have two CDs maturing on January 2nd and February 1st and those are both set to transfer to savings rather than renew. That will give me a nice cushion for the new home purchase. Also, I checked rates this morning and the 5.30% 10 month CD is now 4.30%, which is what their savings account is paying. I can go to 12 months for 5.00%, but I think it's better to hold on to cash.
Net worth looks great for November. I'll post final numbers today or tomorrow. Investments are almost to July 2023 numbers. I have exceeded the high of 2021 Q4, but only because of added contributions. I am on track to max out my retirement plans.
November 3rd, 2023 at 12:54 am
October was not a good month financially, but I had a lot of fun. I vacationed in Napa Valley & Lake Tahoe. I got back to dancing again with salsa & bachata lessons. I walked regularly. I lost weight. I looked at future homes. I still worry & pray about my mom, but I had more to sustain & relax me.
Cash Savings $30,218
Monthly Gain/Loss -$35,869
My net worth dipped below $1.3 million, but I'm not worried. I don't know what the markets will do short term, but I have faith in investing long term. Next month I will have another $10,000 to ladder into a CD. Capital One is paying 5.3% for a 10 month CD. And my checking account is paying 5.25%.
October 5th, 2023 at 03:26 am
Cash Savings $29,599
Monthly Loss/Gain -$55,424
Quarterly Loss/Gain -$33,096
July was such a promising month, but it's been downhill since then. At least the interest rates on savings is paying a little more. I may lock in some more money in CDs before interest rates start dropping.
August 2nd, 2023 at 02:55 am
I can claim an all time investment high this month.
That is $52,044 in investment gains & $52,655 gains over last month. Maybe August will be the month I see one milllion in my TSP? I'm also not far off from $300k in my IRA. I will hopefully see that sometime next year, if not this year.
In other news, I applied for a pre-approved mortgage loan so my credit score took a hit of a couple of points due to credit inquiries, but I'm still well over 800.
July 29th, 2023 at 11:53 am
July is shaping up to be an expensive month, but I am enjoying myself. I had my trip to NYC earlier this month, I attended an Alicia Keys concert this Sunday, and I just booked a trip for October to Napa Valley & Lake Tahoe yesterday. I'm really looking forward to it.
Since the laboratory where I PRN at may be bought out by the end of the year, I may not have a second job beyond December. That is fine by me. I will have more time to visit home. I have started to look at new homes being built. I supposed I should also look at existing homes, but I am excited about the idea of picking out just what I like in my home. My lease ends in one year so I would like to time my next move around the end of my lease.
I really want to encourage my parents to get a house cleaner at least every two weeks. My dad has so much on him as caregiver. I will bring it up this weekend. I might have to call in the troops (my sisters) for support.
My investments & net worth are at an all time high of $1.361 million and $1.429 million respectively. I just want to see $1 million in my TSP. Just once, even if it doesn't stay there. I am at $982k so I'm close.
July 3rd, 2023 at 05:52 pm
We're now half-way through 2023! The second quarter was a very good quarter.
I'm almost back to where I was at the end of 2021 in my investments. I have about $30k to go to get back to where I was at Q4 2021. That's not including my contributions as I've been maxing my TSP & IRA, as well as contributing to a brokerage account since my personal investment high 18 months ago. I was at $975k in my TSP and I just knew that $1 million was around the corner. Then 2022 came and the market started its downward trend.
Cash Savings $27,761
Monthly Gain $82,465
June 24th, 2023 at 02:08 pm
April 2nd, 2023 at 06:52 pm
The stock market ended on a high note Friday to end the first quarter.
Net worth for March was $1,247,432
Investment savings $1,221,478
Cash savings $25,954
Contributions were $4,125 for the month
Total gain was $28,593
Obviously still off from the highs of late 2021, but headed in the right direction this quarter. I haven't seen that the latest interest rate increase affected any of my savings accounts, however.
January 12th, 2023 at 03:51 am
I am updating my goals for 2023, which actually haven't changed from year to year. One thing that I did not do at all last year was to give to a church. I did end up joining a church. I'm still trying to make it feel like home. I joined a ladies group & we had a nice belated holiday party this week. I don't end up attending my new church often between working every other weekend & traveling home other weekends.
I did give to charity regularly, but I would like to give more & give to local charities more often - specifically food banks.
My 2023 savings goals looks like:
$22,500 to TSP
$6,500 to IRA
$6,000 to brokerage account (taxable investments)
$6,000 to savings
$41,000 to save in 2023
I saved $39,500 in 2022 so I'm confident that this is an achievable goal.
December 31st, 2022 at 02:30 pm
I expect that I'll keep coming back with year end blogs so I'm calling this part 1. I forgot to bring home my paycheck information yesterday evening, but I made approximately $119,500 gross last year from my two jobs.
I checked my checking account yesterday & I had a balance of $15,740. Well over the $5,000 balance I need to maintain to avoid fees. I transferred $5,000 to make an end of year buy to my brokerage account to bring up my savings for the year to $39,500. With the market down yesterday it turned out to be a good day to buy.
The goal was to save $32,500 for 2022: $20,500 to my TSP, $6,000 to my IRA, and $6,000 to savings. I accomplished all that & added $7,000 to my brokerage account. This was the account I had opened to invest the profits from the sell of my condo.
I saved 33% of my gross income for the year. Pretty good even with a high rent of $1,632. I used to pay $617 a month for my mortgage. And honestly, it didn't even hurt to save that much. It's amazing how you can go from scrimping & saving to feeling such a generous income flow. I am very blessed.
My savings goal for 2023 is a little more ambitious: $41,000 for the year. I have allocated $22,500 to my TSP, $6,500 to my IRA, $6,000 to my savings, and $6,000 to my brokerage account. My parents gave me a check for $500 for Christmas so I will start the year off by contributing $500 to my IRA. I already have automated monthly contributions of $500 to meet the limit.
Now I'm off to have my first pedicure since sometime in 2021! I've been taking care of that myself, but lately I haven't been able to keep up so I'm treating myself today. I might even have my eyebrows done. I've avoided that in the pandemic but since I finally got Covid in November, I'll be happy that I have the antibodies to fight it for now.
July 3rd, 2022 at 11:58 pm
So I calculated my Q2 & monthly losses.
Last month I was down $84,439.
Last quarter I down $188,231.
This included biweekly contributions of $800 to my TSP and monthly contributions of $1,000 to my savings. Last quarter I contributed $8,600. I maxed out my IRA in January, which in hindsight was not a good idea, but fortunately is a very small portion of my holdings.
If the 401k limit goes up to $22,000 next year I'll increase my contributions to $850 biweekly.
July 1st, 2022 at 09:44 am
I haven't done the final tally, but I'm down again for Q2. I don't know if there's an end in sight so I just keep plugging away. I'm still north of $1 million overall, and also in retirement.
This is a strange economy. There seems to be no limit on jobs available, yet no people to fill the vacancies. So many people are leaving the healthcare field. It makes me nervous for the future of healthcare in this country. And I'm happy that I'm not traveling this summer as flights continue to be canceled due to a shortage of pilots.
I read an article that estimated that 401k limits will increase to $22,000 next year due to inflation. I am anticipating an increase to the IRA limit as well. We shall see.
June 4th, 2022 at 03:31 pm
The TSP website went down on May 26th to switch to a new management company & upgrade the site. Normally if this has happened on the 6th, rather than the 26th I wouldn't be bothered. But I like to chart my investments at the end of every month as you well know. Some people have been able to get into the new website, but many others including myself, are still having issues. I am trying to be patient & wait for the busyness to subside. Few are able to get through the helpline.
I am looking forward to seeing the new website. They have taken away one feature that I loved which was the historical look back. You used to be able to search to see your balance on a particular date & I hear that is gone. So I guess I won't be able to get my balance as of May 31st. Bummer. Hopefully the Daily TSP app has that feature when I can link my updated account again.
June 6th is my anniversary date for my new position so I'll be getting a step increase with the pay period starting tomorrow. $1.33 per hour or $106.40 biweekly will buy me a couple of tanks of gas so I'm thankful. ⛽️
May 13th, 2022 at 07:50 pm
So for the first time in a very long time I did some portfolio re-balancing. I've been using my contributions to slowly change my target allocations the past few years, but that is a slow process with the size of my portfolio versus the amount I'm contributing. With the market down I decided to make some changes. Long story short I went from 71% domestic allocation in my mutual funds to 78%, and from 29% to 22% international allocation in my mutual funds. This will still keep me on target for the 20-40% international stocks that most recommend. I had changed to a 60% domestic/40% international allocation back in 2017. Slowly I drifted from that allocation just due to US stocks outperforming international stocks. I was at about 34-35% international when I just stopped contributing to them entirely, then it had drifted down to 28% by the end of 2022 first quarter. I know that I wanted to get it closer to 20% so I just bit the bullet & did a re-balancing this week. Right now I'm just contributing to the S fund in my TSP and VTSAX in my IRA, though I still hold C,S, and I, as well as VTSAX and VTIAX. I also hold VHYAX in my taxable brokerage account. That is the money from the sale of my condo for a future home purchase. It is holding nicely despite the downturn. I'm actually still up from when I invested back in September.
In income news I still haven't received the 10% retention incentive that we signed for back in March, and the salary survey for our special pay scale has been completed, but mum has been the word on that. We shall see. Despite not doing any OT, I am still making extra at my PRN job. It would be nice if I can start contributing to the brokerage account regularly. I could scale back my monthly savings contributions and maybe split them between cash savings and the brokerage fund. I'll probably finish out this year of fully contributing to cash savings, though. Then maybe get back to investing in the brokerage account in 2023. I'm trying to get close to being able to pay cash for my next car and with these car prices, that could be a pretty penny!
According to Mint I am down $138,880 over the past month, but still holding well over $1.111 million in investments.
April 29th, 2022 at 08:58 am
I've gotten in the bad habit of waking up in the middle of the night, in which case I end up on my phone, like now.
Still no retention bonus on our checks. I believe that once is goes through the process that we will get retroactive payments, which will be nice. We were under the impression that it could happen a lot quicker than it actually has so that leaves people feeling frustrated.
I'm still not quite sure how I would like to allocate this money. I am saving $1,000 cash monthly already. I'm not sure that I want a lot of cash on hand, but at the same time I feel like my cash reserves are minuscule compared to my investments. Perhaps I should keep building it for a future car purchase? It's either that, or fund the brokerage for a home purchase.
In hindsight I do have a little regret about front-loading my IRA in January, right before the market started tanking. Maybe next year I'll go back to monthly contributions. If only we had a magic ball to predict these things!🔮
April 21st, 2022 at 08:41 pm
This month has had some big spending due to work expenses, most of which as being reimbursed for our laboratory's recognition week. I also paid the first installment of next season's theatre tickets.
I'm excited about the season which includes: Six, Moulin Rouge, To Kill a Mockingbird, Lion King, Tina, Pretty Woman, Jesus Christ Superstar, and Fiddler on the Roof. I passed on the season option of How the Grinch Stole Christmas. I've seen it before (as I've seen many of these shows) and the holidays are busy enough as is. If the Christmas show was White Christmas I probably wouldn't pass it up. I love that movie. ☃️
Our Easter was nice & quiet filled with good food and beautiful spring weather. I love this time of year before it gets crazy hot. I am trying to think of a getaway before the temps start rising. I would say Maine, but we already have our trip to Maine booked for this fall. I am looking forward to it, rustic as the trip may be. I have been wanting to visit Maine for a while. Maybe I will venture further north, like Quebec. 🇨🇦
We have not yet received our retention incentive, but I continue to work overtime and my PRN job. This month is also a 3 paycheck month, so yay! I'm not making any big money moves right now, but I may get back to adding to my brokerage account for a future home purchase. Right now it stands at $75k.
April 9th, 2022 at 04:00 pm
I can't recall if I've been using my car value in my net worth as does Mint, but when I calculate it myself I never do.
Net Gain from February $29,318
My gains include my contributions which are $800 to my TSP every two weeks & $1,000 to my cash savings monthly. The TSP is going to open up an investment window this summer, but I am planning on sticking with their low cost options. I am big on low cost index funds & I don't plan on changing that strategy anytime soon.
We still haven't received the 10% retention incentive on our checks, but I've been training on my PRN job steadily, which means most Saturdays. So there's still some extra income coming in.
March 5th, 2022 at 06:05 am
We are experiencing a staffing crisis at the hospital so we got offered a 10% retention incentive to commit to a stay a year. That's a much bigger raise than we see at any other time. Add that onto my step increase due in 3 months & it's a nice increase in income. Almost $1k a month. We are also awaiting the results of a salary survey which we hope will bring an additional adjustment.
I'm not on the schedule yet at my new job. I'm still in training mode. Actually more like orientation mode as I'm just trying to get through the online trainings. Tomorrow I think I will actually get to start training on the bench. I'm told that the job isn't stressful at all, which is nice to know. Everyone has been very nice.
I unexpectedly already got paid this Friday. For some reason I thought my paycheck would be on the opposite Friday for this new job. It's always a pleasant surprise to get an unexpected deposit in your bank account.
The market remains down. I'm not worried about it, but as I mentioned earlier it would have been nice to hit that $1 million mark in my TSP before everything started dropping. It was sooo close. My one fund that hasn't dropped significantly is my high dividend yield fund which I bought at the end of September.
Net Worth $1.257 million
January 1st, 2022 at 09:57 pm
Happy New Year! I wish you and yours happiness & health in 2022. I meant to post at least once in December, but with the busyness of the holidays time got away from me. 🎄
I celebrated a birthday last month. I celebrated by going out to lunch with my parents. They rarely eat out since the pandemic began & with Omicron I doubt they'll be doing it again anytime soon. 🎂
My sisters came home for Christmas. It was so good to see my niece & nephew for the first time since Christmas 2019. My younger sister flew home, while my older sister & her family drove from Virginia. We had an outdoor Christmas Day gathering with extended family. For once I was thankful for a warm Christmas! The high was 80 degrees here on Christmas Day. ☀️
I leave Wednesday for Nashville. There's a 40% chance of snow there on Thursday. I'm looking forward to my trip. I ordered some KN95 masks to wear. While I wore cloth masks in New York & was fine, with this new more contagious variant I thought it would be good to get more effective masks. Where we are going is requiring vaccination for entrance & I'm thankful for that. 😷
I did my budgeting this morning since it's the first of the month & year. Nobember & December were high-spending months. I appreciate the cash my parents have me for my birthday & Christmas. My investments grew over $56k last month. I placed a trade for $6k to my IRA today. I was going to do $500 monthly contributions, but got inspired to go all in today. 💰
I get an annual raise of 2.2% in the new year & I will get a step increase in June. I have increased my retirement contributions to meet the $20.5k limit this year. I decreased my FSA contributions & I hope I don't regret that. It's always a gamble as you never know what will happen. I appreciated when they allowed us to change our allocation mid-year.
Net Worth $1.388 million
Investments $1.340 million
November 8th, 2021 at 01:50 am
Last week the IRS announced new limits for remitrement plans. The increase to $20,500 was already anticipated. I will increase my deduction in December to $800. That will give me 25 paychecks contributing $800, then my last paycheck will be a $500 deduction. I can also contribute $789 to get me to the max, but I always like a nice round number to contribute. Plus, it gives me a little extra cash around the holidays.
For 2022 I am planning to contribute the full amount to my IRA in January. My plans is to save $500 monthly in order to contribute the full amount again in January of 2023, and so on.
I've been working OT this past week again. It's good to have a little extra cash around the holidays, whether to spend or to save. I've continued to put money in my brokerage account from the sale of my condo & that has been doing well. All of my investments are doing well, actually. Knock on wood, I may get to $1 million in my TSP by the end of the year if this continues.
October 9th, 2021 at 02:28 pm
I took some time this morning to update my budget in Mint. So many categories were obsolete now: homeowners insurance, alarm system, property taxes, student loans (which I paid off over 4 years ago!). Then others needed to be adjuste: mortgage & rent, which more than doubled.
One of my credit union accounts won't update in Mint, which is frustrating because it's my largest cash account. It is, however, updating in Personal Capital.
I finally figured out how to add my car value in Personal Capital this morning. It's crazy because the Kelley blue book value today is almost the same as it was when I bought it 5 years ago. Supply & demand, I suppose. I think this is the first time in my lifetime that cars have held their value. Usually they are rapidly depreciating as soon as you drive them off the lot.
My new mattress will be delivered today. Mattresses have become quite expensive, but at least I get interest free payments for 4 years. The furniture will be no payments for one year. I don't expect to pay for that long on the mattress, but will take advantage of the one year payoff for the furniture.
My furniture went from expected delivery in October to full delivery expected in January. I should get some pieces this month. That is one thing that hasn't changed: furniture deliveries getting delayed. They blame it on the pandemic, but I remember prior orders. I'm looking forward to getting my second bedroom & sun room (office) furnished.
My investments for Q3 were up, partly because I invested the profits from the sale of my condo just before the end of the month. Since it's only 5% on my portfolio I decided to try something a little different & invest in Vagaurd's high dividend yield index fund. It's pretty new having began in 2019. It will be interesting having a new fund to follow.
October 2nd, 2021 at 03:18 pm
Yesterday I got my both my CV19 booster shot as well as my flu shot. I went to bed early last night. Woke up just before midnight with all the symptoms of coming down with something. I am achy, chilly, tired, have a headache, & my arm is pretty sore. Then this morning they started working on the roofs before 7. I hope this banging won't be going on all day long. 🤕
Today is a 3 paycheck month. I'm going to transfer some more money to my brokerage account for investing. At least $3k. The market is a little shaky with talks of a government shutdown, but I know it's best to stay the course.
September 30th, 2021 at 09:18 pm
I was able to transfer the funds from the sale of my condo to my new brokerage account just in time to invest before the end of the 3rd quarter. The proceeds ended up being just 5% of my total investments so I played with the investments just a little rather than sticking to my usual index funds. I still selected an index fund, but not the total domestic stock and total international stock index funds I'm currently invested in for my IRA.
After living in my condo for 15 years, it's interesting that my equity was such a small amount of my net worth, when I always read that most people's net worth is largely tied up with their home. I'm not anxious to own again, and I've done much better selecting mutual fund investments that investing in my home. That's not to say that I'll never own again, but I always been told that renting was throwing away money. I don't have that perspective now.
September 19th, 2021 at 05:46 pm
I am no longer a homeowner! Closing went off without a hitch. Just a small glitch when they got my new street address wrong, but that didn't delay anything.
When I was searching to see what my credit union's hours were I found that they had opened a new branch even closer to the title company's location with later hours. It's an interaction center which was a new thing for me. My mom said her credit union is the same now. You walk up to a screen that is something like an ATM, and you interact with a teller via video. I'm sure the tellers feel a lot safer.
My money is on hold for a week then I have access to it. All this time I've been thinking about how to invest it & I'm still undecided. The market has been kind of blah lately so maybe this is the perfect time to invest.