Thursday, February 04, 2016

January 2016...

Hi Everyone!

January saw a sight dip in Net Worth primarily due to market decline that negatively impacted my retirement account and an adjustment to the trade-in value on my car. The decline in asset value was slightly offset with an increase to my after-tax savings percentage to 15% (maximum ESPP contribution rate allowed). I am going to give this higher amount a try for the quarter to see how the revised budget and decreased cash flow works out.

There was no snowball in January as I paid off two loans December and I paid off all Christmas shopping in full this month. Overall, not too shabby. My debt decreased and I am looking forward to 2016!










Sunday, January 03, 2016

December 2015 & 2015 Year End Recap....

Hi Everyone!

2015 was a good year! I didn't set out specific goals like I did for 2014 but I did excellent!

All in all, I was able to do the following in 2015:
  • Paid off a total of 3 Private Student Loans! 
  • Total Debt Repayment for 2015 was $34,556 vs. $11,083 for 2014.
  • No New Debt!  
  • Ended With $18,053 in Cash/Marketable Securities vs. 11,110 for 2014.
Highlights Since Start of 2009 Debt Repayment Journey:
  • Paid off a total of $64,985 in student loan debt. 
  • Paid off a total of $10,360 in credit card debt. 
  • Improved my net worth by $140,429!
NET WORTH JOURNEY


















2016 DEBT PAYOFF














2016 MONTHLY DEBT PAYOFF








PROGRESS SINCE MOVING HOME 09.14 TO 12.16




















CREDIT SCORE UPDATE 12.16
























Wednesday, December 30, 2015

Student Loan Update...

Talk about BITTER SWEET! 

The Sweet Part is that I paid off Private Loans #2 and #3 (see the charts to the right) and I received a Distinguished Performance Rating at work!  

The Bitter Part is that my entire bonus went to pay off loans and I don't get to play with any of the money! BOO!!!! 

Any Hoo! The 2015 Grand Total for Debt Payoff is....$34,556!!! That compares favorably to $11,083 for 2014. Still moving in the right direction, even if it is hard to part with the hard earned cash! 


Tuesday, December 01, 2015

November 2015...

November was a decent month. My NW improved. I did quite a bit of traveling in November so I did not snowball the extra $1,070. All in all, it was a decent month and progress was good. 



Saturday, November 07, 2015

October 2015...

Hi All!

I am writing from Ohio. I am working remotely for a week and a half while visiting with CJ. I appreciate the flexibility I have with the new job at the Bank. The work/life balance is so much better than in my previous position and helps with the long long distance relationship.

I'll be doing a bit more traveling over the next couple of months. I am spending Thanksgiving with CJ in the Washington DC area and then I am off to Miami in December to celebrate my friend's 39th birthday. I will turn 38 the week before! Sagittarius Ladies!!! =) CJ is spending Christmas with me in Chicago and I will probably come back to Ohio to ring in the New Year with him the following week.

October was a decent month. My net worth bounced back primarily due to a positive shift in the market and rebound of my retirement account. I paid off Private Loan #1 in September so I took that $70 monthly payment and added it to my new snowball on Private Loan #2. The total snowball is now $1,070/monthly in addition to the minimum $1,335 payment. So I pay $2,400/month towards my student loans. I am looking forward to the day when that is no longer and I am praying that the Fed doesn't make moves to increase the interest rates soon. There has been a lot of talk about a rate increase in December.

All is well. I have no complaints. I will find out my annual bonus figure in about a month and I have roughly $13M in stock that will become unrestricted in December. I received the stock 3 years ago with an annual bonus but had to wait 3 years for the restrictions to fall off. The stock will get added to my investment balances bringing the total to approximately $26M. I will be making adjustments to to my deductions over the next two months to account for the extra income and taxes due. The plan is to use my December annual bonus to pay off Private Loan #2 and Private Loan #3.

That's all folks. I am doing pretty good. I hope you are doing well too! Thanks for reading! =)





Monday, October 05, 2015

September 2015...

September was a good month. I was able to pay off Private Loan #1 in Full and improve my net worth. I still have a little vacation cleanup that will happen in October but things are still moving in the right direction so I am happy.

I really can't complain about a thing. As I enter into the second year of leasing my condo and moving home, my net worth improved just shy of $40k which is huge after years of minimal progress. I finally have savings and I am making headway with my debt. All good things.  

Next week, CJ and I will celebrate our one-year anniversary but we will hold off on officially celebrating until the end of the month. His Dad is coming to town for homecoming in OH this weekend and Northwestern's homecoming and my 15th year reunion is next weekend.

I am still working out and feeling great! I only workout about 3-4 days a week now instead of 6 days but I am incorporating more weights at the gym to tone. My weight has gone up slightly but I think it's more due to muscle than anything. My clothes are still pretty loose. Starting a new wardrobe is in the plan over the next several months.



Friday, September 11, 2015

August 2015....

Hello Everyone! I am plugging along. August was decent for debt reduction. The market hit everyone pretty hard last month and that trend will likely continue into September. So, with vacation spending and market fluctuation, the asset side of my balance sheet will take a hit but the real focus remains on debt reduction. That is going along well. I am actually happy to report that I made the final payment on Private Loan #1 below today! That loan is now paid off in full. One private student loan down with six more to go! =) 















CJ and I went on vacation last week to Marco Island, FL and then spent the long holiday weekend in Chicago visiting with family and friends on both sides. We vacationed well together and had a blast. We did have to deal with the remnants of Tropical Storm Erika but once that cleared up, the weather was amazing! My co-worker made the suggestion and we loved it there and can't wait to get back.

I know of two more trips this year that I will be taking. One trip to Maryland for Thanksgiving to meet CJ's family. Another weekend trip to Miami in December to celebrate me and my friend's birthday. Those trips will be fun even though it will be my first holiday away from my family. My Sis put it pretty good when she said "the same people there for Thanksgiving will be with you 5 days later to celebrate your birthday, so go have a good time!"

Tenants signed the new lease for the next year and that's also good news because they are great  and low maintenance. All good things to report!