Monday, September 14, 2020

September

 


It's almost Fall (Autumn)! I cannot wait for some cooler weather and less lawn care. I already have my Fall wreath up(even though I have been warned, numerous times, that it is not yet Fall).  

Things are pretty quiet here on my little area of the world.  I am still working from home and the firm plans to continue wfh until the beginning of the year.  I discussed the wfh with my boss and he acknowledged that he would have to continue to permit some wfh, after covid, if he wanted to me continue working for him.  Woohoo!  I plan to take full advantage of working from home in the years to come. I'm just as productive and I love not having to go into the office. 

Otherwise, I am just saving and hoping to be able to retire one day. :) 

P.S.

MERJ- if you read this, I hope you are doing okay.  I have been catching up on your blog and I hate that you have been feeling so down.  I hope the EAP helps. 


Tuesday, August 4, 2020

$100,000




One hundred thousand dollars. Twenty years ago when I was an optimistic high school student (even a young college student or truly even when I was a young lawyer) I dreamed of having $100,000 in cash or salary.  I thought a six figure salary meant that you were rich. I thought a $100,000 was a lot of money.  Frankly, it is a lot of money and I would not turn down a $100,000 salary or $100,000 in cash.  However, in the last 20 years I have learned that a $100,000 does not make you rich.

What made me think of this?  I finally reached $100,000 in cash/investments.  I hate to break this to you all, but despite this, I'm not rich.

For future me, I want to lay it out.

$57,175 in investments Roth/Taxable account
$10,989 in a HYSA
$33,429 in a bank account

    Total: $101,593

I know this is only a temporary amount of money.  The stock market may drop considerably today and I'll have substantial losses. Also, over $25,000 of this money (in the HYSA and bank account) is marked for me to purchase a new car).  At some point, I plan to spend the money set aside for a new car.

On the other hand, I will continue to save and continue to contribute to my retirement account and taxable account.   I know that this number will also continue to fluctuate and, if I'm equal parts diligent and lucky, this number will increase.

Cheers to Tuesday and cheers to being rich (one day).

Sunday, July 26, 2020

2020 Goals!

Just a quick post, I just wanted to document that I reached my 2020 goal to donate $500 to charity.  A few years ago, I realized that I was severely lacking in the area of charitable giving. So I decided to start tracking and documenting the amounts that I was donating each year.  Thereafter, I decided to increase my charitable giving by $100 a year.  This year my goal was to give $500.  It's not much, but  over time it will really add up. 

Anyways, after all that rambling, the point of this post is that I have donated $500 to charity this year.  Due to the pandemic, it was pretty easy.  I donated $200 to the local food bank, $100 to St. Jude, $100 to my law school and $100 to my local legal aid clinic.

As long as I am employed, I plan to keep donating throughout the year.  I hope to donate more to St. Jude and find a reputable BLM organization. This is an awful time to live through and I hope my donations will help just a little bit. 



Thursday, June 25, 2020

Roth maxed


 Update- too many typos.  I had to fix at least some of them.

There is soooo much turmoil going on in the world right now and I have not been able to put together a post about it.  The virus and the racism are entirely too much to bear. The world seems deeply divided into two camps: people who believe that the virus is real and that racism exists and people who do not believe in either.

Despite this deep traumatic existence we are living through, I am trying to persist. So the good news is that I maxed out my roth! My retirement balances haven't really increased much from where they were at the peak earlier this year (prior to Covid-19). I just hope to make good purchases during these dips in the market and hopefully when this is all over I will feel much more on track for retirement.

My contributions to my roth for 2020 were as follows:

1/3/20   $100
1/4/20   $100
1/15/20 $1000
1/31/20 $100
2/14/20 $800
2/18/20 $100
2/27/20 $100
2/28/20 $200
3/5/20   $850
3/31/20 $100
4/15/20 $1000
5/1/20   $100
5/30/20 $100
6/15/20 $800
6/24/20 $550

Saturday, May 16, 2020

Whomp, Whomp - more car repairs


I hope everyone is doing well during this pandemic.  It is oddly stressful and difficult to adjust to a new normal.  I'm ready for things to return to normal, but only once everything is safe. 

Anyways, on the point of this post! My 14 year old car, selfishly, decided that it needed a oil change and a few other repairs in the midst of this pandemic.  How rude!!  A new CV axle (last replaced around 80,000 miles) and a new seal to stop the leak in the camshaft.  Oddly enough, my 14 year old car with 150,000 had never had never needed a new seal on the camshaft.  Apparently, the seals are only supposed last 80,000 to 100,000 miles.  I suppose it was time to be replaced, but I am not happy about it.  I cash flowed the car repairs (I only had $700 in my car repair fund) by using my May 15 pay check to cover the amount over and above my car repair fund.  I also earned some awesome cashback from my credit card for the repairs!

I feel like I am spending more money lately, which is the total opposite of my pandemic goals.  I just bought a new printer for approximately $350 to have at home.  It is a wireless color laser printer, it scans, copies, etc.  It can print double sided pages and has a feeder to scan multi-page documents. 
It does help with not having to run back and forth to the office to scan documents or print large documents.  Hopefully it was a good purchase.

Otherwise, I have still been steadily saving for my replacement car.  I will likely try to keep this one going until the end of the year and then try again for a good year end deal on a car. 



Sunday, April 19, 2020

Stimulus Checks

How are all of you handling the shutdowns? I'm pretty introverted so my life has not changed very much.  I call and text my mother.  I call and text a few friends. My firm has officially gone to "work from home" status. I go in the office 2 or 3 times a week to check on the mail that has come in or to print large documents, etc.  All and all it's pretty weird not to be able to run to the store at 6:30am on my way to work or 9:00pm at night on my way back from out of town. 

Did any of you receive stimulus checks?  I made just slightly less than $90,000 in 2018, so I qualified for ~$450 in stimulus money. I have not yet filed my 2019 taxes.  In 2019, I grossed about $97,000 so I am glad that I have not had the time to file.  Based on my 2019 income, I would have only received ~$100.  I plan to donate $100 of the stimulus check to charity.  I plan to save the rest.  What are your plans for your stimulus check?

Stay safe everyone!


Friday, April 3, 2020

Retirement Savings


Frankly, it's hard to talk about anything but COVID19 right now, but I am going to try. My retirement investments have dropped considerably.  I am down around $14,000 to $15,000 overall.  Nevertheless, I plan to plow forward and to keep investing.  So below are my retirement contributions to date:

1/3/20 $100
1/4/20 $100
1/15/20 $1,000
1/31/20 $100
2/14/20 $800
2/18/20 $100
2/27/20 $100
2/28/20 $200
3/5/20 $850
3/31/20 $100

All of these contributions have gone into my Roth.  I still have $2,550 left to contribute for the year.  I hope the stock market recovers.  It's so disconcerting to see my paltry savings dwindle away.  I certainly don't believe that I will reach my goal of $100,000 in savings by the time I am 40.