Third Quarter Update

At the beginning of the year, I set some goals for myself.  Let's see how I am doing.

1. Add $10,500 to retirement savings with the goal of having $35,000 saved for retirement by the end of the year.  $5,500 will go into my roth ira and $5,000 will go into a taxable account. Come on stock market growth and no recession! Last year I contributed $9,500 so this will be an  increase of $1,000.  PASS.  I am done with this goal!  I have contributed $10,600 to retirement this year.  I plan to continue contributing throughout the year.

2.Increase EF to $18,500. I am slowly adding money to this goal.  My total emergency savings are about $16,800.  I hope to increase this over the next 3 months to meet this goal.  However, that might change based on what happens with hurricane Michael.

3. Pay an extra $290/month toward principal on the mortgage.  My easily reachable goal is to have the mortgage paid down to $200,000 by the end of the year.  The ultimate goal is to have the balance paid down to $197,500 by the end of the year so that the PMI will drop off the mortgage. PASS!  I have been adding an extra $400 a month to the mortgage.  I am definitely on track to have this under $200,000 by the end of the year. I might have it under $200,000 by the end of the month.  However, again, that might change based on what happens with this hurricane.

4. Save an additional $5,000 for my car replacement fund with the goal of having $10,000 in my car replacement fund by the end of the year.  I will be aiming to purchase a new car in 2019.  I hope with a trade in and any money saved in 2019 to have $20,000 to put down for a new car. My car replacement fund is sitting at $7,617 as of the time of this entry. Again, I hope to focus on this more after you know, hurricane michael.


5.  Read 15 books. I have completed at least 3 books this year.  I have been starting books, but  not finishing them.  Hopefully I'll do better for the next report.  

6. Lose 20lbs. I plan to try to lose about 3lbs a month which should place me at 36lbs for the year.  However, I know I struggle with weight loss so I think 20lbs is a good goal.  I also want to commit to exercising 30 minutes a day for 4 days a week and eating more vegetables.  I haven't weighed myself, but I have been getting in 4 days a week of exercise most weeks (Except when traveling). 

7. Donate $300 to charity.  This is up $100 from last year, I hope to be able to donate more than $300, but let's see how the year rolls.  I plan to increase this amount each year. I have contributed $278 to charity so far this year.  I'm actually ahead of schedule for where I should be at this time of year! I can't wait to see how much I actually end up donating by the end of the year.

8. Build medical fund up to $1,000. This is sitting at $0, but I have been using this for various medical appointments.  I need to add to this to cover my dentist appointment at the end of the year and the one I just had. 

9. Continue to build car repair fund up to $1,000. This is currently at $173, but I will need an oil change before the end of the year. 

10. Get more life insurance. No progress here.

11.  Try to figure out a happy medium for the travel reimbursement fight.  I want them reimbursed in 30 days and the firm will wait 60 -90 days to reimburse me.  I think I will argue for 45 day reimbursement and all outstanding travel vouchers to be paid at year end.   I haven't had a chance to even begin to address this.  However, there are a lot of changes coming at work and this might be a bargaining tool for me. 

12. Find a new primary care doctor and receive treatment for anxiety and depression. I have been researching doctors, but I have not selected one yet. 

13. Make a decision about my career and job. No progress.

14. Try something new (or outside of my comfort zone) each month (restaurant, activity or social event). I did pretty good at this for the first quarter, but not so great for the second quarter.  I did try a new restaurant, opened a new savings account for a higher interest rate and continued to tip cleaning staff at hotels. I'm did not do super well with this for the third quarter either.  I HAVE to do better this last quarter. 

15. Increase net worth by $25,000. I failed to do a net worth post at the beginning of the year. I have been adding to my retirement savings and paying extra on the mortgage so I am definitely making progress on this goal.  I am up almost $20,000 since my March net worth update.  


How are you guys doing on your yearly goals?  Are you on track or falling behind?  I feel like tracking my yearly goals helps me make progress.