Struggling to be debt free

  1. Pay mortgage down to under $120k. I currently owe just over $135k I am paying an extra $500 a month on my mortgage. I also hope to get a bigger year end bonus and apply a portion of that to the mortgage this year.  I am down to $113,023 remaining! 2. Increase contribution to 401k to 10% from 8% I currently am contributing 8% of my $168k salary. I expect a 5% raise to $176k. I will increase my 401k contribution to 10% of my new salary.  My raise was to $175K. I increased my 401k contributions to 10%. 3. Increase savings account (Marcus) to $50k (started at approximately $40k).  I've always had anxiety over job loss. I hope to keep a $50k savings account for my emergency fund and household expenses.  My savings account is at $51,174.  4. Max out Back door Roth Contributions Complete! 5. Lose 30lbs I lost about 6lbs and gained it all back.! 6. Read 12 books I stopped counting and now I can't find the list I had of completed books. I may start listening to...

  I love setting goals for myself. It helps keep me motivated and on track (kinda of). Here are my goals for 2026. Let's GOOOOO!!!  1. Roth IRA . I want to max out my contributions to my Roth IRA this year. The contribution limit was raised to $7,500 for 2026 and I want to make sure I hit that limit. Future me will thank me later.  2. 401k. I want to increase my contribution to my 401k. I am currently contributing 10% of my $175k salary. I plan to increase that amount to 11% or 12% this year depending on the amount of my raise.  3. Income . I want to increase my salary to $200k this year. However, I would be satisfied with a raise to $187,500. Performance reviews are in April and I have been compiling my list of achievements. I plan to include reference to motions won, case closure rate, settlements for less than X number of dollars, new business brought in, etc. I have a feeling this will be a tough ask, not because I am underperforming but more because my boss is c...

  Here's where the numbers stand. Savings $11,863 Ally Savings Account (The roof and the hot water heater has been replaced!) $51,024  Marcus Savings Account   $97,317  Retirement- Roth IRA  128,221 Taxable Brokerage (Retirement) $24,700 Former Employer 401k $40,700 Current Employer 401k $15,000 Private Investment  $5,000 Private Investment  $23,862  Bank Account  Home- $423,500 per zillow Assets               Total (not including home): $397,687               Total (including home): $821,187 Liabilities- Mortgage $116,233                                  Total (not including mortgage): $0                     Total (including mortgage): -$116,233           Total Net Worth(not includ...

  1. Pay mortgage down to under $120k. I currently owe just over $135k I am paying an extra $500 a month on my mortgage. I also hope to get a bigger year end bonus and apply a portion of that to the mortgage this year.  I am now down to $124,000 and something (need to find the exact number) on my mortgage. 2. Increase contribution to 401k to 10% from 8% I currently am contributing 8% of my $168k salary. I expect a 5% raise to $176k. I will increase my 401k contribution to 10% of my new salary.  My raise was to $175K. I increased my 401k contributions to 10%. 3. Increase savings account (Marcus) to $50k, currently at approximately $40k  I've always had anxiety over job loss. I hope to keep a $50k savings account for my emergency fund and household expenses.  My savings account is over $50k now. 4. Max out Back door Roth Contributions Complete! 5. Lose 30lbs Ugh! 6. Read 12 books I need to get a count on books read. 7. Take one trip Done! My friend paid for everyt...

   Here's where the numbers stand. Savings $5,172 Ally Savings Account (The roof and the hot water heater has been replaced!) $50,411 Marcus Savings Account   $93,196 Retirement- Roth IRA  111,558 Taxable Brokerage (Retirement) $23,234 Former Employer 401k $24,982.23 Current Employer 401k $15,000 Private Investment  $5,000 Private Investment  $25,697 Bank Account  Home- $434,300 per zillow               Total (not including home): $354,250               Total (including home): $788,550 Liabilities- Mortgage $126,197                                  Total (not including mortgage): $0                     Total (including mortgage): -$126,197           Total Net Worth(not including mortgage/home...

  It's that time of year, again. Last year, I owed a little over $1,200 in taxes. So, I was given the fabulous opportunity to pay the government $1,149, each quarter for all of 2024. I was fairly certain that I would not owe over $1,000 for 2024, as I had the benefit of my 401K contributions to reduce my taxable income.  However, in my field, due to bonuses, etc., I went ahead and made the 2024 estimated tax payments. So, now I will be getting approximately $4,000 back. It's irritating, but I'd rather get the money back than pay penalties. 

Look at me! Two posts in one month!!!  Here are my goals for 2025. 1. Pay mortgage down to under $120k. I currently owe just over $135k I am paying an extra $500 a month on my mortgage. I also hope to getter a bigger year end bonus and apply a portion of that to the mortgage this year.  2. Increase contribution to 401k to 10% from 8% I currently am contributing 8% of my $168k salary. I expect a 5% raise to $176k. I will increase my 401k contribution to 10% of my new salary.  3. Increase savings account (Marcus) to $50k, currently at approximately $40k  I've always had anxiety over job loss. I hope to keep a $50k savings account for my emergency fund and household expenses.  4. Max out Back door Roth Contributions 5. Lose 30lbs 6. Read 12 books 7. Take one trip 8. Exercise and move more. What are your goals for 2025?

  Here's where the numbers stand. Savings $19,132 Ally Savings Account (Saved for Roof Replacement) $40,817 Marcus Savings Account   $85,892 Retirement- Roth IRA  106,141 Taxable Brokerage (Retirement) $22,779 Former Employer 401k $16,435 Current Employer 401k $15,000 Private Investment  $5,000 Private Investment  $32,361 Bank Account  Home- $428,100 per zillow               Total (not including home): $343,557               Total (including home): $771, 657 Liabilities- Mortgage $135,193                                  Total (not including mortgage): $0                     Total (including mortgage): -$135,193           Total Net Worth(not including mortgage/home):  $343,557 ...