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About Me:

ceejay74

I'm the CFO of a three-adult, two-child, two-cat household. There's me (CJ, age 49), my husband (NT, age 50), my wife (AS, age 44), and our kids AA (age 13) and SL (age 11). The cats are named Whiskey and Clue and they're about 12 years old.

Until July 2007 we hadn't been serious about financial stability, but then we started focusing on paying down our massive debt, building an emergency fund and saving for retirement. In October 2010, we finished paying off all of our credit card debt--over $70,000! Adding in student loans and mortgages, we've paid off more than $250,000 of debt so far. In June 2015, we used a windfall to pay off all our remaining non-home-related debt!

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Big picture goals:

Buy a rental property in Minneapolis in 2022

8x income by age 65 OR Coast FIRE by 2031 (tracking retirement in two ways at the moment)

Completely debt-free by age 65 (2039)

My Pages

September debt progress, plus EF & weight progress

September 4th, 2012 at 10:12 pm

All four mortgage payments hit today:
US: $445 to principal
UK1: $264
UK2: $56
UK3: $58

All told, $823 down, $1258 to go on my September debt-repayment goal.

I was able to transfer US$450 into UK savings, taking our EF to $15,724.93. Would need to save $4,275.07 more to reach our 2012 goal.

At my weigh-in Sunday, I'd managed to lose another pound! I'm down to 133; just 4 lbs. to go to reach my 2012 goal.

Posted in Uncategorized | 5 Comments »

5 Responses to “September debt progress, plus EF & weight progress”

snafu Says:
September 4th, 2012 at 10:59 pm 1346799595
1346799595

Please understand I'm not being critical or negative but it's not necessarily in your best interest to keep large sums in [EF] bank a/c earning little interest and losing buying power as prices go up.
ceejay74 Says:
September 4th, 2012 at 11:15 pm 1346800552
1346800552

'tis true. But I've only got about $6K in my US savings; I like having that much handy at a moment's notice. The UK savings is the bulk of our EF, and I have thought about getting it into a money-maker fund. Honestly, I just get tired thinking about figuring out the best UK places to put it, and about adding a layer of complexity to the UK tax return, which I barely know what I'm doing on anyway.
littlegopher Says:
September 5th, 2012 at 12:22 am 1346804547
1346804547

Yay to losing another pound - you're really doing great!!
Monkey Mama Says:
September 5th, 2012 at 02:03 pm 1346853785
1346853785

It would be one thing if you were talking about $100k sitting around in cash with absolutely no purpose. But comments like this about $20k cash absolutely make me cringe. & I comment because I see "$20k cash is too much" as a *really* extreme view. Whenever I see that, I have to chime in with a very different opinion.

So, kudos to you on your savings goal!
FrugalTexan75 Says:
September 8th, 2012 at 02:56 am 1347072994
1347072994

WTG on your loss!

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Ceejay74's Personal Finance Blog

A blog to help me document my journey out of debt.

September debt progress, plus EF & weight progress

5 Responses to “September debt progress, plus EF & weight progress”

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