World record! I maxed my 401K and Roth IRA in 4 months. The last time I took up the max your 401K challenge it took me 6 months. Improvement! It’s crazy what two years, a cross-country move and a 52% increase in salary can do. Now to the next challenge: Pouring as much money as possible into my taxable account. Let’s do this!
Category: Finance
Resetting Autopilot
In response to my Autopilot post I’ve tried to keep busy by helping others. In the past few weeks I’ve: Continue reading “Resetting Autopilot”
How I Learned About the Used Economy
I’m going to tell you a story that my Mom doesn’t remember and denies it to this day. I remember vividly and wrote it down because it’s so ridiculous. This is how I learned about the used economy. I love reading. I’ve mentioned that before. Before the age of easily accessible internet the other outlet I had for this was books – from bookstores (because my mom and grama think library books are “dirty”, but we’ll talk about that and my love of libraries as an adult at another time). Continue reading “How I Learned About the Used Economy”
Bonuses and Making Things Real
I got my paycheck last night. It included a bonus. A bigger bonus than I anticipated. All of my concern that I didn’t feel excitement when I heard people get their bonuses unless they’re on an improvement plan completely faded away because I am PUMPED! I know lots of job search disappointments and life disappointments have conditioned me to not believe something until I see it, until it’s in my hand. And I think that’s what happened here. I didn’t believe I would get a bonus. I didn’t necessarily believe that new HR person knew what she was talking about. I didn’t necessarily believe that bonus was a part of my compensation package. But it is. And updating my spreadsheets last night was glorious. Continue reading “Bonuses and Making Things Real”
Q1 Budget Check-In 2017
Oooh maybe I should get another ledger like this.. And yes I’m that girl that always gets an itemized receipt 🙂
It’s 3 months into 2017 and we’re already 1/4 done with the year. Woah…that was fast. I wanted to check in on my goal to decrease my spending from $22,491.86 last year by $4,491.86 to $18,000 this year. Let’s see how it’s going:
Shocker: I Don’t Love Going Out Anymore
I used to eat out several times a week. If someone suggested it I was always down (unless it was near the end of the month and I’d run out of budget…). In January I did the Frugalwoods Uber Frugal Challenge where I severely cut down on eating out. I ended up only eating outside food twice for a total of $12.34: A friend lunch date at Chipotle (my suggestion 🙂 ) and a take out burger on 1/2 priced Wednesdays. Luckily this was the same month I started eating low-carb and as a result discovered that butter and cheese make anything delicious 🙂 . Continue reading “Shocker: I Don’t Love Going Out Anymore”
Bonuses…and a Shocking Lack of Excitement
I had lunch with our new HR/recruiter person at work the other day. In addition to wanting to get to know her since she’s new to town I had a few questions for her of course 🙂 . What I learned about our job over the course of our lunch was extremely helpful. For example, I’m not sure I’ve mentioned this before, but my pay structure at this job is unlike any I’ve had before.
Previously I was given a set salary and that was it. In ad agencies they don’t really give you raises or bonuses so that wasn’t ever expected. I did receive $1,000 from one of my ad agencies because I planned the company holiday party (which I did the next year as well without payment 🙂 ).
They told me not to tell anyone about it. Since I am a strong believer in financial transparency I totally told people. You shouldn’t tell your employees not to tell others when they get a raise or a bonus. I understand why companies do it – to keep them in complete power – but how about we actually pay people fairly so they are not angry when they hear a colleague got a raise or bonus and are instead happy for them? I’m getting off topic. The lack of transparency in most aspects of the American jobs could take up multiple books. Continue reading “Bonuses…and a Shocking Lack of Excitement”
Autopilot
WARNING: Prepare yourself for a seriously “first world problem” piece of whininess.
I’m bored 🙂 . The key to long term investing success is to set it and forget it: put your money in the market and let it ride. Since we are entering a new year I still had things to optimize: how much should I try to spend so I can save the maximum amount with my new salary? Would I get my bonus? If so, how would that increase my savings rate? How much of my budget should I allocate to vacations? Should I travel hack more of my flights? Sadly all of that has come to an end. I’ve solved them all and booked all my flights until March 2018. Now I seem to just be waiting for the end of each month so I can budget my money, move it into my investments and update my spreadsheets. This process sadly only takes a few minutes. Then I’m back to waiting. Continue reading “Autopilot”