I have been in my current job since September 2013. It came with a decent raise which allowed me to boost my savings a bit, take a few vacations and save more for retirement. However, I now know this job is not a good fit for me. I am in the process of trying to find a new job and relocate to a new state. More on this as the process plays out.
Relocation will cost a pretty penny so I am preparing for it by saving more, and cutting back expenses. I am slowly doing things around my apartment in preparation to rent it out. My to do list will cost a bit, but I am trying to keep those costs down. One thing I need to do is read more on the tax benefits and consequences of renting out your home.
I will be updating on a weekly basis to keep myself accountable.
My savings account is looking the best it has in years.
Credit cards are still an issue. That is a post I am not ready to write, and haven't been ready to write in years.
School: I am back in school doing an MBA using student loans. No, Sallie Mae is not my servicer...that heifer can stay 10 feet away from me at all times.
Retirement is still coming along nicely. That is one area of my finances where I am consistent and successful.
Last Thursday night I finally sat down and finished my taxes using Turbo Tax. This is a chore but one that is necessary or Uncle Sam will coming looking for me. I filed both my federal and state taxes electronically and both were accepted within 24 hours. There is a bigger than expected refund coming my way so I have decided to half on student loan and half to my travel fund.
The federal refund is bigger than expected but it is too small for me to adjust my withholdings. I am afraid if I do that then next year I may end up owing Uncle Sam and that is not a position I want to be in. Each year my goal is to break even with Uncle Sam or come out just ahead.
I suddenly had the urge today to blog about my money. Why? Maybe because this morning it hit me that my retirement is coming along nicely but my everyday finances are still in shits and shambles depending on the day. LOL
Retirement: My retirement funds are coming along very nicely. I contribute to my pension and an IRA with vanguard. Combined there is about $35,000.
Credit card debt: This is a blog post by itself about emotions, cycles, life etc
Regular Savings: I am still saving what little cash I keep on hand in CDs. Why? This works for me. I use 3 month CDs from my credit union.
My other savings account is where I stash my travel dollars. Now you may ask why am I traveling and still have debt to pay off? Well because I can and my travels are not being put on a credit card.
Student loan: SallieMae was finally paid off in 2012 I think. Don't remember exactly. I now have one student loan remaining that has around $6,700 remaining. This will be my focus this year. It would make more sense mathematically if I paid off the credit card. However, I am not interested in the math. I just want the student loan gone forever and ever amen!!!!
Yesterday I did more work in organizing my closet. OMG!!!!! I found more tops that are still new with tags on. There are bottoms that don't fit anymore because I gained a bit of weight in the past few years. The tops fit so I'll be wearing those. As for the bottoms, well I need to continue working on running and other exercise so I can lose some weight. I refuse to buy new clothes at my current size.
Running is cheap, I work up a good sweat and burn lots of calories. Today's training called for a 1.5 mile run. However, my legs are tired. I'm switching it to Monday. My new running sneakers by Saucony are absolutely awesome. Bought a new dri-fit shirt yesterday at Target for less than $20. This brings my dri-fit shirt total to 3. This is enough for now. Once the weather starts to get cold I'll buy more running clothes.