I'll probably revisit these at some point -- for one thing, my job situation might or might not change over the summer. I'm either going to be at the same job, with the same income, for another academic year, or be changing jobs with all the resulting unknowns from that. But for the purposes of this post I'm assuming that I'll be at my current job through all of 2015.
I'm trying to keep these simple: instead of several dozen goals, I'm making only five, focused around my current priorities. Some of these are more under my control than others -- for example, I can definitely contribute $1000 a month to retirement because I'm already doing it and it's automatic! But the net worth goals are trickier, because they rely in part on things well outside of my control, like whether I have a medical emergency or what the markets decide to do. I'm also setting a pretty aggressive target for cash savings; if I stick to this plan, I'll be living on about $1150 a month, roughly 1/3 of my net income. I'm going to try this for a few months and see how it goes, but if I'm feeling deprived by the time I do my first-quarter review at the end of March I may have to re-evaluate.
1) Emergency Fund: Now that I'm out of debt, I plan to put $500 into this account every month until I reach $5000 (this should be around September.) Then I'll start contributing the same $500 to my down payment fund (see below under #3).
2) Retirement Savings: I'll continue to contribute $1000 a month to my 403(b) from my pre-tax salary of $4000. My extremely achievable base goal, therefore, is an additional $12,000 contributed to retirement. My stretch goal is to scrape up $2000 through found money (freelance work, basically, since I don't have any really gift-worthy occasions like graduation or weddings upcoming) and contribute that to my Roth IRA. However, before I even get going on the 2015 IRA, I'm going to do what I can to increase my 2014 IRA by April 15, so I think this goal might not happen unless I win the lottery or something.
3) Other Savings Goals: This is pushing it a little, but until my EF is full I want to contribute another $500 a month to three short/medium-term savings accounts: $250 to travel, $125 to "down payments" (to be used for future car/housing down payments) and $125 to "one-time shocks" (to be used for major one-time expenses like a new computer, a move, etc.) Once the EF is at $5000, I'll up that to $375 to each account, continuing to save $1000 in cash a month.
4) Overall Net Worth Goals: Conservatively, there is no reason why I can't increase my net worth by $1500 a month -- that's just my basic retirement+e-fund contribution along with the assumption that I don't overspend my monthly income otherwise. So I'll set my base goal for increasing my net worth at $18,000 this year. However, while some months may be up and some down (as I spend from my short-term savings accounts like the travel account, particularly, and as the markets move around), I would ideally like to average $2000 a month. My stretch goal is $24,000 for the year, therefore, and my extra-special stretch goal is to make this a prettier number and increase my net worth by $25,000 :-)
5) Travel goals: in 2015, I would like to spend at least three weeks in California with one godchild, at least one week in Virginia with the other godchild, at least two weeks at my parents' place, and at least two weekends with my brother and his wife. Luckily, I can work on the road during part of the summer!
Bonus:
6) Other Goals: Don't get into a situation where I have to replace my car or computer and spend a ton of cash :)
I decided to do the Moneystepper 2015 Savings Challenge, so I'm hoping that's going to be a good way to keep monthly track of these goals, along with posts here.
Saturday, December 20, 2014
Tuesday, December 16, 2014
A Pretty Important Announcement
As some of you have noticed already, I have a new site, having moved to self-hosted wordpress. I'm sure there will be some kinks to work out, and I'm not totally thrilled with the site design, but I think it's good enough for the moment. As a result, this will be the last post I make on blogspot.com -- I hope you'll come visit (and subscribe, and bookmark, and all that good stuff) at http://thesingledollar.com.
As a matter of fact, I have a brand-new post up there right now, and it's got some pretty big news in it. Spoiler:
So please join me over at the new address for a little champagne :-)
As a matter of fact, I have a brand-new post up there right now, and it's got some pretty big news in it. Spoiler:
So please join me over at the new address for a little champagne :-)
Monday, December 15, 2014
Three Things I Did This Year That Changed My Life...and One Thing I Want to Do Next Year
This isn't the same as my 2015 financial goals post, which is coming soon -- I've been hammering those out and I think I'm close to being happy with them, so I'll probably post them in the next couple of weeks.
But Michelle at the Shop My Closet Project had a great post talking about the three things she did that enabled her to "find Michelle again" in 2014. She wrote:
1) I had a huge emotional crisis. This may seem counter-intuitive, and frankly, it sucked, not just during the week that was really acute but for months afterwards. But it was so bad that it forced me to actually do something, or rather several things, instead of getting along day to day as I'd been doing for quite a while. It forced me to sort out some priorities; since everything is not (yet, anyway) magically aligning in such a way that I can both live in a place I want to be in and have exactly the career I'd wanted to have, I had to make some kind of priority list. And I did.
2) I saw a therapist for about two months (direct result of the huge crisis!) As part of this process, I admitted to myself that while it is not as severe as some people's, I really do have some kind of anxiety disorder and probably dysthemia (a steady low-grade depression) as well. Admitting that this was me, my brain chemistry, and not just "situational," was, I hope, a big step towards being happier in the future. I am currently taking a low, steady dose of an anti-anxiety medication and I think it's helping; so are some of the conversations I had with that therapist and with various friends this spring, about techniques to manage anxiety when it does hit.
3) I became a little bit less of a hermit. I went on two dates -- one of them, I didn't like the guy, and the other, the guy didn't like me enough to follow up -- but hey, at least I went on them. I re-committed to keeping in good touch with friends, both online and off, and I don't just mean calling them every six months -- I've been having good long talks on a fairly regular basis with a variety of people. I also found two religious communities in my new city, one church that I like and one more volunteer-ish group, that I really vibe with, which means twice a week at a minimum I do something that is not work or hanging out by myself at home. This may not sound like much, but I've been a total stick in the mud for years, which is probably on the "top 10 reasons why I'm not married" list, and making the effort to connect with real human beings who care about the things I care about, at least twice a week, has been helping me to heal some spots in my soul that have been pretty dry for a pretty long time.
And here is one thing I want to do next year: take an "energy inventory," like Michelle suggested. What is causing me to regularly lose energy in my life? How can I address these things? I may put some thought into that over the Christmas break and have a post about it around New Year's. It seems like a really good idea.
But Michelle at the Shop My Closet Project had a great post talking about the three things she did that enabled her to "find Michelle again" in 2014. She wrote:
"I realized that I had lost myself in the crap that I was (and wasn’t) dealing with. It was hardly surprising that I wasn’t moving forward and was stuck. I am so glad that I recognized that I needed to clear the space in my life to focus on what was important to me."I'm not quite sure I'm there yet, but I feel like I might be on the way. Here are the three (non-financial) things I did myself in 2014 that might be helping me clear the path towards a future I want to live in:
1) I had a huge emotional crisis. This may seem counter-intuitive, and frankly, it sucked, not just during the week that was really acute but for months afterwards. But it was so bad that it forced me to actually do something, or rather several things, instead of getting along day to day as I'd been doing for quite a while. It forced me to sort out some priorities; since everything is not (yet, anyway) magically aligning in such a way that I can both live in a place I want to be in and have exactly the career I'd wanted to have, I had to make some kind of priority list. And I did.
2) I saw a therapist for about two months (direct result of the huge crisis!) As part of this process, I admitted to myself that while it is not as severe as some people's, I really do have some kind of anxiety disorder and probably dysthemia (a steady low-grade depression) as well. Admitting that this was me, my brain chemistry, and not just "situational," was, I hope, a big step towards being happier in the future. I am currently taking a low, steady dose of an anti-anxiety medication and I think it's helping; so are some of the conversations I had with that therapist and with various friends this spring, about techniques to manage anxiety when it does hit.
3) I became a little bit less of a hermit. I went on two dates -- one of them, I didn't like the guy, and the other, the guy didn't like me enough to follow up -- but hey, at least I went on them. I re-committed to keeping in good touch with friends, both online and off, and I don't just mean calling them every six months -- I've been having good long talks on a fairly regular basis with a variety of people. I also found two religious communities in my new city, one church that I like and one more volunteer-ish group, that I really vibe with, which means twice a week at a minimum I do something that is not work or hanging out by myself at home. This may not sound like much, but I've been a total stick in the mud for years, which is probably on the "top 10 reasons why I'm not married" list, and making the effort to connect with real human beings who care about the things I care about, at least twice a week, has been helping me to heal some spots in my soul that have been pretty dry for a pretty long time.
And here is one thing I want to do next year: take an "energy inventory," like Michelle suggested. What is causing me to regularly lose energy in my life? How can I address these things? I may put some thought into that over the Christmas break and have a post about it around New Year's. It seems like a really good idea.
Sunday, December 14, 2014
OK, maybe I'm going to have to become the world's least professional self-hosted blogger
After all that, I'm considering buying a domain and moving to self-hosted after all. Godaddy is having a sale (as near as I can tell, it's $12 for domain+hosting+wordpress for a year), and I guess I could use some time over the holidays to figure out how to set it up and move everything.
The problem is, while I am perfectly happy with my boring (and free!) blogspot blog, I've heard from four or five people that they have problems commenting here, and if four or five people have bothered to write/tweet me (oh yeah, I finally got with the program and got a twitter handle) that means there are probably more that have just uttered an unkind word and given up when the ()^&%)*%^&%*&^)( website ate their comments. And I hate being an ungracious host :( I'd like to increase the number of conversations I have, and I don't like that technical difficulties are challenging that.
So, I don't know, I'm going to sleep on it; the sale at Godaddy doesn't end five minutes from now. But I feel like I need to figure out some solution that doesn't result in it being really annoying (or even impossible) to comment here.
[Edited to add: it's tomorrow morning, I slept on it, and I decided to do it. How bad could $20 for the first year (including the domain masking Alicia pointed out I'd need) really be? So I picked up www.thesingledollar.com. Next step, uh, figuring out the tech migration. That'll probably take a while so I'll keep posting here for the next week or two until I have time to sort it out.]
The problem is, while I am perfectly happy with my boring (and free!) blogspot blog, I've heard from four or five people that they have problems commenting here, and if four or five people have bothered to write/tweet me (oh yeah, I finally got with the program and got a twitter handle) that means there are probably more that have just uttered an unkind word and given up when the ()^&%)*%^&%*&^)( website ate their comments. And I hate being an ungracious host :( I'd like to increase the number of conversations I have, and I don't like that technical difficulties are challenging that.
So, I don't know, I'm going to sleep on it; the sale at Godaddy doesn't end five minutes from now. But I feel like I need to figure out some solution that doesn't result in it being really annoying (or even impossible) to comment here.
[Edited to add: it's tomorrow morning, I slept on it, and I decided to do it. How bad could $20 for the first year (including the domain masking Alicia pointed out I'd need) really be? So I picked up www.thesingledollar.com. Next step, uh, figuring out the tech migration. That'll probably take a while so I'll keep posting here for the next week or two until I have time to sort it out.]
Saturday, December 13, 2014
Grocery TRIUMPH
I was so nerdily pleased about this that I made my housemate listen to the whole thing, and now I'm gonna make you. I don't think I can inflict it on anyone else because how excited I was about it makes me sound like a total loser.
It is very cloudy and overcast here for months on end in Low COL City, The Upper Midwest, and the librarians at my university told me a couple of weeks ago that everyone here just takes Vitamin D pills all winter. I have no idea whether this will really help or not, but I figured at least it wouldn't be expensive and probably wouldn't give me cancer, so I decided to buy some last Saturday at the grocery store.
The first aisle I checked didn't have Vitamin D on its own, only combined with calcium. I threw it in my cart, but then in the next aisle I found the Vitamin D (on sale! 2 for the price of 1!) and put that in the cart, meaning to return the calcium combo....well, of course I got home and discovered that I'd never taken the calcium out of my cart, and it was $6.50!!!!
Fast forward to today's weekly shopping trip. Not only did I remember to take the calcium and the receipt back so I could get a refund, but here was what I had on my list to purchase:
Milk
Sweet potatoes
Onion
Sour cream*
This added up to a grand total of.... $6.50 exactly. So basically, I am eating for free this week! And am a gigantic nerd, but who cares, I'm a gigantic nerd with $60 of this week's grocery money left over in a month that I badly need available cash for holiday stuff.
[*I am not eating these four items only this week. I'm trying to use up everything perishable in the house and some of the freezer/pantry stuff too before I leave to see my folks, so I decided to throw a bunch of stuff I already had -- lentils, sausage, tomato paste, carrots, celery, garlic -- in a pot with the sweet potatoes and onion and some water and make soup. It's not bad at all. That takes care of lunch for the week. I also have enough apples left over from last week's purchase to have one for an afternoon snack every day. I'll make a pot of oatmeal (already have everything I need for that) on Sunday night and that's breakfast for the week. I'm going to Christmas parties at least two and possibly three nights this week, so there's not much dinner to worry about, but I have some leftovers and I can always make some ramen or something in a real bind. The sour cream is to make rhubarb muffins to bring to a potluck on Thursday -- I've had the rhubarb frozen since the late summer so it's time to use it. I had all the other ingredients for those in the pantry or fridge. Et voila.]
[ETA: I wrote this post then went out to the farmer's market and spent $2 on kale, $2 on a stocking present for my SIL, $4 on a present for my housemate, and $20 on my brother's birthday present (another vintage book). So now I only have about $30 in my pocket, and I'm probably going to spend it all this week between the $10 admission show I'm going to tonight, postage, and buying daily coffee, but hey, at least I shouldn't have to dip into slush and I can use that for the various expenses I'll have on vacation. And I've now prepaid birthday presents for my mom (February) and brother (April); just need to think of something for my dad, in May, and then nothing to worry about until late fall 2015.]
It is very cloudy and overcast here for months on end in Low COL City, The Upper Midwest, and the librarians at my university told me a couple of weeks ago that everyone here just takes Vitamin D pills all winter. I have no idea whether this will really help or not, but I figured at least it wouldn't be expensive and probably wouldn't give me cancer, so I decided to buy some last Saturday at the grocery store.
The first aisle I checked didn't have Vitamin D on its own, only combined with calcium. I threw it in my cart, but then in the next aisle I found the Vitamin D (on sale! 2 for the price of 1!) and put that in the cart, meaning to return the calcium combo....well, of course I got home and discovered that I'd never taken the calcium out of my cart, and it was $6.50!!!!
Fast forward to today's weekly shopping trip. Not only did I remember to take the calcium and the receipt back so I could get a refund, but here was what I had on my list to purchase:
Milk
Sweet potatoes
Onion
Sour cream*
This added up to a grand total of.... $6.50 exactly. So basically, I am eating for free this week! And am a gigantic nerd, but who cares, I'm a gigantic nerd with $60 of this week's grocery money left over in a month that I badly need available cash for holiday stuff.
[*I am not eating these four items only this week. I'm trying to use up everything perishable in the house and some of the freezer/pantry stuff too before I leave to see my folks, so I decided to throw a bunch of stuff I already had -- lentils, sausage, tomato paste, carrots, celery, garlic -- in a pot with the sweet potatoes and onion and some water and make soup. It's not bad at all. That takes care of lunch for the week. I also have enough apples left over from last week's purchase to have one for an afternoon snack every day. I'll make a pot of oatmeal (already have everything I need for that) on Sunday night and that's breakfast for the week. I'm going to Christmas parties at least two and possibly three nights this week, so there's not much dinner to worry about, but I have some leftovers and I can always make some ramen or something in a real bind. The sour cream is to make rhubarb muffins to bring to a potluck on Thursday -- I've had the rhubarb frozen since the late summer so it's time to use it. I had all the other ingredients for those in the pantry or fridge. Et voila.]
[ETA: I wrote this post then went out to the farmer's market and spent $2 on kale, $2 on a stocking present for my SIL, $4 on a present for my housemate, and $20 on my brother's birthday present (another vintage book). So now I only have about $30 in my pocket, and I'm probably going to spend it all this week between the $10 admission show I'm going to tonight, postage, and buying daily coffee, but hey, at least I shouldn't have to dip into slush and I can use that for the various expenses I'll have on vacation. And I've now prepaid birthday presents for my mom (February) and brother (April); just need to think of something for my dad, in May, and then nothing to worry about until late fall 2015.]
Friday, December 12, 2014
A very PF-y Christmas :)
This year's Christmas giving is being driven by my usual combination: I estimate (a) how broke I am, (b) how much energy I have to devote to shopping, and then go from there :) Mostly I'm pretty broke (or, as in this year, just not feeling like I've built up enough of a cash cushion to justify spending $$) so in the past I've often made music mixes and sent cards, covering dozens of people for only a couple of hundred dollars while spending a little more on personalized gifts for my immediate family and sometimes a few friends.
This year I allotted $200 of my December spending money to gifts. But I also am using a little bit of my grocery/spending money cash. Since nobody in my family knows I have a blog, here's the final list:
Mom and Dad: $100 gift certificate to a restaurant. They have a ton of stuff and are actively trying to cut down on the number of things in the house. Also, lots of relatives/friends always send nice chocolates at the holidays so they don't need more, and Mom has enough tea and soap and whatnot to last forever. She's hard to buy for. Anyway, I decided to get them an experience rather than a thing this year, and picked a place that sounds exciting and is near where they live.
Brother: A book about our favorite baseball team when we were kids that I bought used for him about six months ago when I saw it, so for these purposes, $0.
Sister-in-law: A 1901 map of Anglo-Saxon England that I found on Etsy. Two sellers turned out to have the exact same map (sliced out of an antique atlas); lucky for me, I noticed this in time and bought the one that was $12, not the one that was $20. With shipping, $16.90.
Goddaughter (age 4): ballet shoes, on sale. With shipping, $17.83.
Godson (age 1): vintage children's book with illustrated "Twas the Night Before Christmas" -- spent $5 of my grocery money this week at a farmer's market stall that has used books. He's too young for this still, but it'll be a cute present that his parents will like and they can read it to him even if it's over his head for the next few years :)
Stocking present, mom: local honey from the farmer's market, spent $4 of my grocery money.
Stocking present, dad: pear butter from the farmer's market, spent $3.50 of my grocery money.
Stocking present, brother: goofy crocheted Christmas ornament: spent $.50 of my grocery money.
Best friend: Donation to Providence House, where I lived as a volunteer for a while in New York and which houses women transitioning out of prison until they can get a stable job and save up for their own apartments: $50.00.
This actually leaves me with a surplus of $15 in my gift category, so I may buy some fancy chocolate after all to give to my SIL in her stocking and to my other best friend. Et voila, Christmas handled!
This year I allotted $200 of my December spending money to gifts. But I also am using a little bit of my grocery/spending money cash. Since nobody in my family knows I have a blog, here's the final list:
Mom and Dad: $100 gift certificate to a restaurant. They have a ton of stuff and are actively trying to cut down on the number of things in the house. Also, lots of relatives/friends always send nice chocolates at the holidays so they don't need more, and Mom has enough tea and soap and whatnot to last forever. She's hard to buy for. Anyway, I decided to get them an experience rather than a thing this year, and picked a place that sounds exciting and is near where they live.
Brother: A book about our favorite baseball team when we were kids that I bought used for him about six months ago when I saw it, so for these purposes, $0.
Sister-in-law: A 1901 map of Anglo-Saxon England that I found on Etsy. Two sellers turned out to have the exact same map (sliced out of an antique atlas); lucky for me, I noticed this in time and bought the one that was $12, not the one that was $20. With shipping, $16.90.
Goddaughter (age 4): ballet shoes, on sale. With shipping, $17.83.
Godson (age 1): vintage children's book with illustrated "Twas the Night Before Christmas" -- spent $5 of my grocery money this week at a farmer's market stall that has used books. He's too young for this still, but it'll be a cute present that his parents will like and they can read it to him even if it's over his head for the next few years :)
Stocking present, mom: local honey from the farmer's market, spent $4 of my grocery money.
Stocking present, dad: pear butter from the farmer's market, spent $3.50 of my grocery money.
Stocking present, brother: goofy crocheted Christmas ornament: spent $.50 of my grocery money.
Best friend: Donation to Providence House, where I lived as a volunteer for a while in New York and which houses women transitioning out of prison until they can get a stable job and save up for their own apartments: $50.00.
This actually leaves me with a surplus of $15 in my gift category, so I may buy some fancy chocolate after all to give to my SIL in her stocking and to my other best friend. Et voila, Christmas handled!
Thursday, December 11, 2014
Still here
I don't use a blog reader or anything, since I am obviously the world's least professional blogger -- I don't even have my own domain! And I don't post on a schedule, or do basically anything to monetize my blog, though it is my dream someone will use one of those capitalone360 affiliate links in the sidebar one day and I'll make $40 off it. :-)
But I've started to notice lately that people I have bookmarked have been absent for a while. Debt Debs, The Intentional Penny, The Barefoot Budgeter...all have been dark since late October with no explanation. Girl Meets Debt, who gave me what amounted to my big break (hee!) by posting a guest interview with me, disappeared about six months ago.
I hope some of the people I'm missing come back! It feels odd to click on their links in my bookmarks and have the last post come up from so long ago, and have no idea where people are and what they're up to and whether or not they're coming back.
And it's equally weird to think how long I've been at this, when I didn't want to pay for a domain back in March because I was afraid I'd get bored with it after a month. It's still motivational, though, and enjoyable, so I keep it up. Maybe I'll do it long enough to become the longest-tenured least professional PF blogger? Who's been around the longest without moving to self-hosted wordpress? I bet I can outlast whoever it is! Now there's a 2015 goal to get me started.... :-)
But I've started to notice lately that people I have bookmarked have been absent for a while. Debt Debs, The Intentional Penny, The Barefoot Budgeter...all have been dark since late October with no explanation. Girl Meets Debt, who gave me what amounted to my big break (hee!) by posting a guest interview with me, disappeared about six months ago.
I hope some of the people I'm missing come back! It feels odd to click on their links in my bookmarks and have the last post come up from so long ago, and have no idea where people are and what they're up to and whether or not they're coming back.
And it's equally weird to think how long I've been at this, when I didn't want to pay for a domain back in March because I was afraid I'd get bored with it after a month. It's still motivational, though, and enjoyable, so I keep it up. Maybe I'll do it long enough to become the longest-tenured least professional PF blogger? Who's been around the longest without moving to self-hosted wordpress? I bet I can outlast whoever it is! Now there's a 2015 goal to get me started.... :-)
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