Monday, November 16, 2009

What two (years) can do

As you may or may not remember, I started my Debt Destruction Resolution (TM!) in November 2007. As I've just hit the two-year anniversary of that decision this week, I wanted to take a moment to reflect on where two years has brought me. No, scratch that. That is way too passive of a sentence. Rather I'm going to reflect on what I HAVE DONE in two years!
  • paid off my car
  • paid off all my credit cards
  • become completely consumer debt free
  • started multiple savings accounts
  • created multiple (albeit small) income streams
  • taken advantage of special rate offers from multiple banks to maximize return
  • started a Roth IRA
  • worked up to the point where I am able to fully fund a Roth within one calendar year
  • contributed enough to my regular retirement to get the full company match
  • established annual savings goals and am on my way to reaching them
  • started planning ahead so my expenses are easy to cover without using credit
  • have reduced my monthly expenses by more than half
  • have saved over four months' worth of expenses in an Emergency Fund
  • have kept more than $2,000 of "short term emergency" money in the bank for over a year
  • have paid off a combined total of $29,638.63 worth of debt (including the car, cards, loan, and payments toward the school loan)
  • put 63% of my income for year one toward getting debt free
  • have so far this year saved over 50% of my income (yes, really!)
And here's a real big kicker:

I am only $1,581.07 away from having a positive net worth - INCLUDING the student loan.

I think that's pretty amazing. That means I have increased my overall net worth by $46,667.22 in the last two years. Not bad on a $36k/yr salary, I think. :)

This calls for a HAPPY DANCE!

Okay, peeps, show me your happy dance ;)

Seriously, this is just embarrassing

October Redux:
No-Spend Days: 24
No Eating Out Days: 29 (!)
Extra Income: $ ($18.40 from surveys & $11.68 interest)
Progress Toward Savings Goal: 81.01%
Retirement Savings: $193.80
“Healthy” Days (eating well or working out): 5
Books Finished: 3
Times Flossed:
Progress on 2009 Goals:
  • have kept my card paid off each month – monthly goal MET!
  • kept my credit union savings/checking account balances above $750 in each account to take advantage of the special rate – monthly goal MET!
  • met all of the monthly requirements for my Checking ++ account – monthly goal MET!
  • continued contributing to my SIMPLE IRA (w/matching) – monthly goal MET!
  • took the tuition money I had saved and deposited it in my nephews’/niece’s tuition accounts – goal MET!
  • have continued to contribute little amounts to my vacations/gifts funds, and have not spent money on those two things without saving it first – monthly goal MET!
  • kept my “Little EF” above $1,000
  • continued contributing to my “Big EF
  • continued to post on the No-/Controlled-Spend thread
  • continued dancing, although dance classes are down to once a week because of a late schedule at work. The projector is fixed now, though, so hopefully I can get myself motivated to start Wii Fit-ing again!
  • am doing very well with surveys – got some more recommendations from a No-spend friend and have been really trying to get them done before they expire (which is pretty quickly). The fun side of this is that now I am more frequently getting little prize checks in the mail - $3 here, $6.10 there, but a lot more fun to get little checks in the mail than it used to be to get BILLS in the mail!
  • did pretty well being patient, even though I am feeling pretty impatient with work being so slow!
  • did well keeping in touch this month – many birthdays and events in October!