Saturday, January 5, 2019

Fourth Quarter Update

At the beginning of 2018, I set some goals for myself.  Let's see how I did.

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 contributed $10,760 total.  My balance did not reach $35,000, due to the uncooperative stock market. 

2.Increase EF to $18,500. PASSISH.  My E-Fund ended the year with a total of $17,916

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 actually added about $400 extra to the mortgage for several months.  The mortgage ended the year at $198,399.  My PMI will drop off when the balance reaches $192,600. 

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. FAIL. My car replacement fund is at $8,947.  I only added $3,750 to the fund. 

5.  Read 15 books. FAIL- I only read 7 books in 2018. 

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.  FAIL- I exercised more than I thought I would, but I did not lose 20lbs.  Gotta do better this year. 

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. PASS.  I donated $338 to charity this year.  I also donated 2 bags full of clothes. 

8. Build medical fund up to $1,000. FAIL- this worked as a sinking fund.  I put the funds in and pulled them out as I needed them. 

9. Continue to build car repair fund up to $1,000. FAIL-this also worked as a sinking fund.  I put the funds in and pulled them out as needed.

10. Get more life insurance. FAIL- I need to lose weight first.

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.   FAIL. 
12. Find a new primary care doctor and receive treatment for anxiety and depression. FAIL.

13. Make a decision about my career and job. FAIL- but I did get a raise. 
14. Try something new (or outside of my comfort zone) each month (restaurant, activity or social event). PASSISH- I tried a lot of new things last year.  New cities, new restaurants and met new people. 

15. Increase net worth by $25,000. Not sure yet.  I haven't run the numbers for my net worth yet. 


  1. Hey! Happy New Year.
    You accomplished your two biggest goals. Congrats on that!

    What is your plan for the ones you marked as failed? It appears that at least some of them reappear in your 2019 Goals list. Will you approach completing them any differently?

    What are you trying to decide about your career and job? As you know I have my own career issues right now.

    I see that you are interested in learning to code. I'm curious to know what you'd like to do with your new coding skills?

  2. Happy New Year to you too! I plan to have more accountability this year for myself. If I check in every month, I might be able to actually accomplish all of my goals.

    I dislike the law firm I work for, but my boss is intent on not letting me leave. Over the years, I am beginning to wonder if maybe litigation is not the right area of practice for me.

    As far as coding, I just wanted something new to learn and saw there were a lot of free classes online. I figure it is something different. Who knows, maybe it will be a new career for me?