Monday, April 18, 2016

March 2016

Hi Guys & Gals!

March was another good month! I am very happy with the progress so far this year and looking forward to having a positive net worth! 

The Debt is steadily going down! The market rebounded and gave a good lift to my retirement balances! I continue to snowball an extra $1,200/month on my student loans and contribute 5% to my 401k to get the 100% match. I also contribute 15% to the ESPP at work which is close to $1,400/month in savings. My credit score fluctuates in the mid to high 700's but remains strong. 

Work is good and it's been super busy. We lost a team member in the middle of March and had to redistribute the workload. Instead of covering the entire footprint and sharing responsibility, I gained primary responsibility of my own regions. It's a big shift in the role but I'm up for the challenge. I've got a good Manager in this position and love that I get to work from home every Monday and remotely as needed. Definite plus! I can do my job from anywhere. 

Looking forward to the Summer and getting to see my nephew play travel baseball. He's so excited! 





Tuesday, March 01, 2016

February 2016...

Hello Everyone!

February was a solid month. I returned to snowballing and paid down $2,200 in debt. I increased my ESPP contribution to 15% in January so my stock purchase went up by $1,360. I contribute $680/paycheck towards share purchases which are made at a 15% discount on a quarterly basis. I use the lower of cost or market value in my net worth calculation. In this case, the market value is slightly higher than what is represented here. My retirement accounts held up but did get hit by market decline.

$2,200 is budgeted to be the minimum debt payment on a monthly basis going forward and includes a $1,200 snowball. I also pay about $75/per month over the minimum balance on my credit card.

My goal is to pay off all of my Private Student Loans and save $40k+ by December 2017.






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! =)