This year was interesting to say the least. As I wrote in another post I had a lot of positive things happen this year, despite the pandemic. Working from home not only saved me money but allowed me more time to take a better look at my finances.

The fear of my spouse losing her job led me to spend less and focus on paying down debt. I also looked more closely at my retirement. I started the year traveling to Southeast Asia. This began my pursuit to enjoy experiences rather than buying material things.

It has been a bit of a challenge since my spouse is more about material things so a lot of discussions have happened. While I do not think she will come around, she has been a bit more understanding with how we are now managing our finances.

Where We Are Now

Looking at our spending and debt we have come a long way since March.

As I indicated in a previous post I have paid down quite a bit of debt.

Currently my debt is now:

Credit Card 1: $2500
Automobile: $20,533.12

My net worth did increase to: $81,389.79 which is quite a bit more than where it was in November.

Unfortunately with the holidays I have not been able to add more to my savings through normal pay but I did get a few reimbursements from my company that increased my net worth.

The best news is my retirement accounts are now sitting just about $86,500 with another $1000 in a Roth IRA I just opened and about $4500 in a separate investment account I have tied to my Ally bank account.

This gives me close to $105k in savings and investment accounts.

I broke the $100k club!

A Successful Year

I am not celebrating just yet, as I would rather the $100k be in one account rather than split over all my accounts, but for now I am happy.

We have slowed the payments on debt for the time being. Mostly because the interest rate is at 0 for my credit card until April. This Friday I will put another $1000 towards credit card 1 and then each month following I will pay off $500.

The goal is to be debt free by April from my credit card with another $10k in savings. I will continue to pay off my auto loan, but at 1.9 percent interest I am not putting every last penny to it. I do pay more than the minimum and will continue to do so to pay it off early.

We did have to pay out some money for a medical procedure for my spouse. That was mostly covered through our savings, happy about that, but it still but a bit of a dent into it as well as our holiday spending was a little higher than I wanted.

Sometimes you have to deviate from the goal a bit to get back on track. And that is what we are doing right now. I still managed to increase my net worth and pay off more debt, but the time frame lengthened slightly.