HAPPY NEW YEAR! Holy Crap this year has gone by pretty quickly! In my opinion this year went pretty great since I actually set out goals and met them for the first time in my life. One of my biggest goals was to pay off all of my consumer debt except the house, but unfortunately it did come a few months short 🙁 However, I did accomplish my income goal, and way past my networth goal.
Before this year I didn’t even have any goals so I didn’t know what was what so this is better than nothing. Here are some of my goals of 2017! As you know, I do have a hard time spending money these days so I sometimes have to put a budget and make myself spend.
Goals of 2017!
- Pay off rest of by consumer debt by July.
- Save 4 – 6 Months of expenses.
- Net Worth $200k.
- Increase my income by $100 per month.
- Update by Closet – Spend at least $75/mo on clothing.
Assets Highlights / Lowlights
ROTH IRA (+$1073.00) – Added ~$1k I am trying to max my Roth IRA ($5500) before April 15th so I can get this account tax sheltered.
401k (+$625.56) – My contribution is automated! This is such a boring thing, but it is fine being boring because all it is just a steady increase. I don’t want this to be exiting.
Brokerage (-$233.00) – Wow this stock is getting killed. I bought TRIP (Tripadvisor.com) sometime this year and this company has been underperforming for a while now. The CEO said they are going through a phase to make their platform where people can search and book hotels / flights all in one go, but only time will tell if that method will actually work.
Car (-$294.00) – Car value goes down as excepted. I wonder when the value of my car will go down to less than $10k. I just want to own this car as long as possible so I that I don’t have to buy another car. Hopefully I can drive this car for another 6 years or maybe more!
Liabilities Highlights / Lowlights
Student Loan 2 (-$70.00) – Priority #1 now. Will knock this one out by march!
Car Loan (-$129.00) – Car loan. This priority #2. Will knock this one out before summer.