Thursday, July 6, 2017

Second Quarter Update - Goals 2017

1. Increase emergency fund from $15,000 to $17,500.-IN PROGRESS
I have $15,905 in my EF currently.  6 months to get this where it should be.

2. Add $9,500 to my retirement with an overall goal of having $20,000 in retirement savings by the end of the year.--IN PROGRESS
I have contributed $5,004 to retirement this year. I believe my ROTH is at approximately $15,300. 

3. Pay an extra $100 a month on the mortgage, with an end goal of having the balance under $210,000 by the end of the year.- SO FAR SO GOOD.
I have paid at least $100 extra on each mortgage payment so far this year. This goal may change- more on this later.

4. Save an additional $2,500 into car replacement fund with the end goal of having $5,000 in the car replacement fund by the end of the year. IN PROGRESS
I have over $3,747 saved towards a new car.

5. Pay off furniture I bought before expiration of 0% financing period. --DONE

I paid this off in approximately 2 months- no interest paid!!!

6. Read 12 books- FAIL
I have only completed 2 books this year. 

7. Write a book- FAIL
Lots of ideas- no actual writing

8. Lose 10 lbs- FAIL
no progress

9. Donate $200 to charity- IN PROGRESS
I have donated $100 this year. 

10.  Get more life insurance- FAIL
Was hoping to lose weight first.

11. Build a separate car maintenance fund. - IN PROGRESS
I have $25 in this fund. 

12. Look into and focus on career options.- IN PROGRESS

I have been looking into other careers outside of the practice of law.


  1. Another career is daunting for sure, but you are young, so should be able to navigate it fairly well. I wish you all the best with that!

    You are doing so fabulous with your retirement accounts. I wish I had had the wherewithal in my 20s and 30s. Once you get to $17,500 is that it? I love meeting a goal - that is one I really want to tackle!

  2. Thank you for your kind wishes. I feel so far behind with retirement savings, like I will never catch up! I hope my income rises in the next few years so I can contribute more to retirement savings while time is still on my side. My goal is to add yearly to my emergency fund. I decided to take it up to $17,500 this year and will probably take it to $20,000 next year. I want to be able to weather a job loss and any major emergency.