PF Under 30

It’s not quite half way through the year yet, but I thought I’d update everybody on my progress. Things have been going very well until now (unemployed again, another post altogether), but I am now faced with the reality that MY finances have now become OUR finances, and with our finances, there is quite a bit of catchup to play.

For the current list:

1. Pay off car ($3,978 to go!) DONE!
2. Pay off Citibank and close ($8,868 to go!) (Completed Feb 27, closed May 28th)
3. Pay off Advanta and close ($10,358 to go!) (Now $9000 to go)
4. Close Costco Amex Business in February Completed Feb 17
5. 800 Credit Score with all 3 Bureaus (This one may never happen this year)
6. $1 million in life insurance (I rejected their offer because of the high premium that they foolishly considered me “high risk”. Will re-evaluate soon as time allows.)
7. New house in the Spring DONE! Closed May 8th!
8. Start using an accountant for all personal/business tax needs
9. Update my trust to current assets/wishes
10. Scan all financial info paperless filing system (put into Evernote) (About 3/4 complete)

Now that “me” has become “we”, we have a few more obsticles we need to overcome. This year’s new debt snowball:

1. Payoff Advanta card ($9000 to go)
2. Payoff Boat Loan ($14,048 to go)
3. Payoff USAA Amex “car loan” ($26,862 to go)

And our necessary contributions:

1. $3000 HSA Contribution for me
2. $3000 HSA Contribution for the BF

I would like to make our Roth contributions as well, but the primary goal of this year is debt elimination. It’s a heafty load, but do-able considering both of our average incomes. I’m not expecting a miracle, but I am holding us accountable for this.

Sorry for the extended blogging vacation, but I wanted to post about my financial New Year’s Resolution progress. Got lots of stuff accomplished (especially for it being only March). I think I’m in a good position, but I’ve got a long road ahead of me on the boyfriend’s financial front. Lots of loose ends to tie up, and it’s going to take a good few months to get everything manageable. Here’s for keeping your crap pile small.

Here’s my list:

1. Pay off car ($3,978 to go!) (Now $1600 to go)
2. Pay off Citibank and close ($8,868 to go!) (Completed Feb 27, will close after #7)
3. Pay off Advanta and close ($10,358 to go!) (Now $9600 to go)
4. Close Costco Amex Business in February Completed Feb 17
5. 800 Credit Score with all 3 Bureaus (Will come close when payoff from #2 updates.)
6. $1 million in life insurance (Waiting on approval)
7. New house in the Spring (Made an offer)
8. Start using an accountant for all personal/business tax needs
9. Update my trust to current assets/wishes
10. Scan all financial info paperless filing system (put into Evernote) (Bought new printer/scanner to make it easier)

Keep on your goals this year. I know the economy has everyone scared, but now is the time to be bullish. Sometimes it may feel like 1 step forward and 2 steps back, but as long as you don’t give up, you will get there.