Wow! I haven’t blogged since late January.
What happened? Love happened…well, a little bit. I started dating a handsome guy and reading everything about love and relationships. And I just got lazy. My cares about personal finance blogging took a backseat.
But I’m getting back on track with reading and writing about money. And I feel as if I’m on track in regards to my goals.
Let’s revisit the financial goals I set at the beginning of 2015:
- Save $53 per pay period to have an additional $1378 in the emergency fund by the end of the year –> I have been automatically saving that money each pay period. I’ve had to use some of those savings for big purchases, but that’s what it’s there for.
- Learn more about investing by reading at least one book or completing an online tutorial quarterly –> I haven’t kept this up, but I look forward to catching up.
- Reset Roth IRA contributions to contribute at least $100 per month –> I reset my Roth IRA contributions, but to $50 a month. I decided to put more money toward debt repayment for now.
- Pay off two of the three remaining credit cards in full using the Debt Dash or snowball method –> I will pay off the first of those three cards in June. I should repay the second card by the end of the year.
- Pay at least one extra student loan payment within the year by making a small extra payment each month –> I decided to put more money toward repaying higher-interest consumer debt instead of toward low-interest student loans.
Seeing some progress is better than seeing none. At one point, I never thought I’d finish paying off credit card No. 1. It was a card I got for car repairs. The card allowed promotional purchases in which you wouldn’t incur any interest for six months. But when those six months were over, the 29.99% interest kicked in. Woo!
So finally seeing a balance of about $2,100 (near the $2,500 limit) in June 2014 go down to a couple hundred bucks (MY LAST PAYMENT) is a huge feat. I’m excited to roll that payment into the payment for Card No. 2 and paying it off before the interest kicks in March 2016. Also, I think I’ve saved enough so that I won’t have to use the card again. Progress, people! Progress!