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Road to Financial Independence 500K

 
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Diane (35) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Diane (35) Quote  Post ReplyReply Direct Link To This Post Topic: Road to Financial Independence 500K
    Posted: Mar 23 2014 at 9:26pm
Still broke, but found it to match with SL's thread

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GoodGirlGoneGr8 View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote GoodGirlGoneGr8 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 08 2014 at 9:50am
Originally posted by Derri Derri wrote:

Sometimes we have to do something uncomfortable now, in order to be comfortable later.
I feel the same way about leaving my mother to go anywhere or do anything, but i've decided to put my big girl panties on and secure my life.

It's a thin line, because life is so fragile and you never know when it will leave you. I'm a workaholic and try to find a balance. I never want to put money over family, at the same time family needs money. Right now i'm focused on some thangs so I got to ignore the discomfort, or else i won't get to the next level. If you're comfortable, you're not growing..and i'm just too young to stop growing.


Thanks for this. I will more than likely be here for a while longer to pay down my debt. Moving (and marriage) is my motivation to help me pay it off a bit faster. I always said I didn't want to move or get married with a ton of debt, and I'm gonna stick to that and remain focused.

Please keep this thread alive. It's great motivation for those of us who struggle with finances.
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SoutherNtellect View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SoutherNtellect Quote  Post ReplyReply Direct Link To This Post Posted: Jan 04 2014 at 1:04pm
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SoutherNtellect View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SoutherNtellect Quote  Post ReplyReply Direct Link To This Post Posted: Jan 04 2014 at 1:03pm
Originally posted by Up&Out39 Up&Out39 wrote:

Originally posted by .hott.pink. .hott.pink. wrote:

Originally posted by alynxx alynxx wrote:

Originally posted by binky622 binky622 wrote:

I like this table for short term savings goals or for folks that want to start off slow with saving:

Hey Binks! I have printed this and will totally be doing it!

This was all over Instagram in January.  

Some people reversed it--they started off saving more ($52 in week 1) then saved less and less to free up cash for the holiday season.

It gets you to the goal but I'm not sure it establishes good habits when done like that. 

Can someone repost this table if they remember how it looked like. I'm very curious on how it was used...

TIA

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lexis83 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lexis83 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 04 2014 at 5:29am
Last year, I did the 52 week savings challenge. That money came in handy several times. I plan to continue this year.

My main goal for this year is to save more and spend less
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Up&Out39 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Up&Out39 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 04 2014 at 1:33am
Originally posted by .hott.pink. .hott.pink. wrote:

Originally posted by alynxx alynxx wrote:

Originally posted by binky622 binky622 wrote:

I like this table for short term savings goals or for folks that want to start off slow with saving:

Hey Binks! I have printed this and will totally be doing it!

This was all over Instagram in January.  

Some people reversed it--they started off saving more ($52 in week 1) then saved less and less to free up cash for the holiday season.

It gets you to the goal but I'm not sure it establishes good habits when done like that. 

Can someone repost this table if they remember how it looked like. I'm very curious on how it was used...

TIA
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sexyandfamous View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: Jan 03 2014 at 11:56pm
yaya's list just proved to me how unprepared I am...
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SoutherNtellect View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SoutherNtellect Quote  Post ReplyReply Direct Link To This Post Posted: Jan 03 2014 at 10:35pm
Originally posted by EPITOME EPITOME wrote:

i am trying to not buy stuff...i have enough
i should concentrate on getting in shape not on buying things
i have a list of things i want...i want to stick to that list and save the rest

*resists urge to ask what*
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EPITOME View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EPITOME Quote  Post ReplyReply Direct Link To This Post Posted: Jan 03 2014 at 10:21pm
i am trying to not buy stuff...i have enough
i should concentrate on getting in shape not on buying things
i have a list of things i want...i want to stick to that list and save the rest
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yaya24 View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote yaya24 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 03 2014 at 10:20pm
Wonderful thread!

2013 my savings account "saved" me when I lost my job in June.. I've been at a new job since late August, but I plan on leaving them next week.  I start a new job Jan 20th.

I need to get my money life back in order. I currently have money in a Roth IRA which is managed my my financial advisor & his team, a money market and a couple of  checking accounts.

No credit card debt (but I do use credit cards daily for my living expenses- for the miles/points).
My biggest debt is my mortgage.. which I have no intentions on paying off within the next 2 years. It is part of my 7-10 year plan though.

Plan of action by EOY 2014:

Open 401k with new job
Pay off car
Aggressively work toward paying off undergrad student loan debt
Generate income from my side hustle
Stay Frugal
Cancel cable
Cancel gym membership
Cut down on eating out = pack my lunch
No wig purchases in 2014 lol


Plan of action by EOY 2015

Undergrad student loan completely paid off
Start paying off grad school loan
Continued growth with side hustle
Stay Frugal
Cut down on eating out = pack my lunch
Save 1/3 of paycheck
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