2016 – End of Year Review

I’m on vacation right now. No big plans. Flying to New York for or before Christmas and even with a car rental is not cost effective. Combine that with the snow situation… Nope.. May see Rogue One at the local theater tomorrow at the matinee. After giving it a few weeks of thought…I really find keeping track of my finances helpful on the blog. So I’ve decided to keep on doing it. I have three key goals.

  1. *Don’t* pay off the Maxima early. Sounds counterintuitive but the loan is only 1.9%. I reduced my sales tax burden by $937 with my trade-in. The original amount financed was $31,167.20. The key though here is that I need to one of the following: keep my credit card debt at 0, boost my emergency fund and max out my Roth IRA. I got the car in March 2016. Today I owe $27,173.60

december-2016-maxima-payoff

2. Get credit card debt to 0 by May. I currently have originally planned to do this for some time now. There have been a slew of events that have made this go up. The current balance is: $3,358.60. I pay $1,000 every paycheck. The challenging part has been limiting my spending so things are getting better not worse. It can be very tempting.
1) Hospital Bills – These are still coming and will likely total up to close to $6k. Unsure how much my ER hospitalization insurance is going to cover. Without insurance these bills would take me years to pay off.
2) Insurance – For 6 months car insurance was $684, renters insurance $130.
3) Eating out – Have cut back a lot over these past weeks. Juicing has been helping as well. Sometimes it’s more expensive than eating government-funded  fast food garbage. I’m down to 226 from 241 in November. 24 days until my appendectomy procedure. Planning to lose 6 more pounds between now and then.
4) Life.

3) Keep the retirement ball rolling. I’m most impressed with how my portfolio has done this year. If I didn’t invest diligently that would not have happened. Current 401k portfolio snapshot:

Curent Balance: $21,206.01
december192016-401k
My Betterment account is $721.96. That makes for a combined total of: $21,921.97. Back in  September 2016 my total was $18,585. $3,336 more than before or 18% more in about 3 months… I’ll take it.

On Minimalism – I watched this fantastic documentary on Minimalism and how it’s transformed people’s lives. When I think of buying a home or a much fancier apartment I think of people who are happy without all this stuff. I could be one of them. Stuff keeps you happy short-term. New experiences and having fun with someone makes you happy in ways that matter a lot more.
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I did a pretty thorough cleaning of my apartment this week. Got through 4 bags of old clothes, boxes, mail and other crap that wasn’t serving a purpose. Very liberating!

2016 has taught me one important fact. To value life. My crush Chris passing away at 29 due to various health issues in April that I couldn’t save him from. Then yesterday the mother of a guy I’ve been messaging online for months and just met for the first time passed away. It’s like the three times I found guys I could see myself really falling for over the past 2 years something major has happened. I will just keep trying though until I find the one and focus more on me.

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One thought on “2016 – End of Year Review

  1. At the rate you are paying off the credit card, you might even get it paid off before May! Sorry to hear about your friend’s mom dying – maybe this keeps happening because the right person is still out there and the universe is working to help that happen in the future?

    Very glad you are keeping up with the blog. You can still keep us updated our your financial decisions and paying down the car, etc. Maybe after you get the card paid off, you might just want to get rid of the car debt anyway – but I do understand your reasoning. The interest rate is so low, you would definitely make more from your investments. Have a good holiday!

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