We’re beyond Q1, but this gives an outline of how we’re pacing for 2020. Coronavirus took a hit to our investments, but we kept on going. We do not intend to liquidate anything at this point. Emergency Fund Contributions: $10,000 IRA’s: $2,951 Remodel Remodel ended up costing $25,000 (vs $15,000 planned) 529 Plan $100 Spouse
Our 2020 Financial Tool kit For Savings, investing, and budgeting
This year is going to be interesting for us. We’ve been tackling debt for several years, had to deal with some home repair issues, but now we finally get to focus on investing quite a bit. High level goals for 2020: Max out traditional IRA’s (our income disqualifies from Roth IRA) Max out employer match
Step By Step Guide To Building A Financial Independence Roadmap
Building a financial independence (FI) roadmap is key to understanding when you can act on your financial independence, how you will reach your goal, and what your goal number actually is. It also acts as an accountability tool, and will allow you to see the downstream affects of an adjustment you make earlier on in
SOFI Review: How We Refinanced Our Student Loans
My spouse and I both refinanced our student loans with SOFI around 8 months ago. We had several loans between the two of us that were unnecessarily high, and a few variable loans that looking back should have been fixed. We spent several weeks doing research on various refinancing sites that specialized in student loan
The Beginning: Refinancing Our Student Loans
Around 8 months ago we finally got serious about building our net-worth. We had been out of university a few years, lived in high-rises downtown, taken exotic trips, and lots of fun. However, our net worth was still negative by quite a bit. At this point we were not following a budget, and not aggressively
5 Easy Habits I Used To Achieve An 800+ Credit Score
I recently crossed the exciting line of an 800 credit score. It’s exciting, but in reality nothing has changed. The habits used to reach this are extremely easy, and really are habitual processes that you can use in your FI journey. A credit score is extremely beneficial in getting low mortgage and loan rates to
Paying off $30,000 USD of Student Debt in 1 Day
Recently we paid off approximately $30,000 USD of student loan debt. We were fortunate to close out an investment that we had for a few years, and have set aside the necessary amount for tax time. It’s an amazing feeling to see the accounts zero’d out now. Our remaining debt is as follows: vehicle loan
Our Experience with Robinhood Investing
Our Robinhood review covers the past 6 months of personal investing experience using the app. It is an investing application that is free to download on both iPhone and Android devices, best known for their commission and fee free trading. Robinhood is a good platform for someone that … wants to invest with a small
Why Rewards Points Are A Corner Stone To Financial Independence
You can achieve financial independence via 1 of three methods: Increase your income Decrease your expenses Increase your income AND decrease your expenses As FI’ers the freedom exists to achieve the end goal however we’d like to. Many try to do this by decreasing their expenses, which involves typically adopting an overly frugal lifestyle (nothing
PYF = Pay Yourself First!
Hey all, This is a super interesting topic because it can be very subjective based on what your personal and/or family goals are. For example, my wife used to think paying herself first was making sure she could get a pedicure or a massage, now it has transitioned into putting the budgeted savings directly into