Now that the year of 2016 is wrapping up and we are only around 4-5 weeks away until we ring in the new year, I have been deeply thinking about my extra-mortgage payment paydown strategy. Mortgage interest rates have been sky rocketing since the election, another element to showcase the rollercoaster ride that we are truly on. This has caused me to potentially make a tweak or two to my strategy that I have had in play for the last few years. Let’s see what I mean!
Welcome back! After my first post, I am hoping things are heating up, especially due to over 12+ comments about strategy part one! I wanted a nice segway into this section, Part 2, on my trip to reduce taxes and invest MORE. This is possible everyone, VERY possible. The first portion of my strategy was to maximize my 401(k) with my employer, which will result, in this first year, a savings of OVER $5,000! However, as you guessed it, it does NOT end there.
Here we are. June of 2016. It has been a very big year thus far and I have climbed another rung of the illustrious ladder that we are all holding. The steepness to the ladder and the climb up is definitely hard mind, body and soul – but this was never supposed to be easy, and what is the point of going for something if it isn’t a hard road? This has definitely been worth it and I have learned a vast amount of information and simpler techniques on the way… Yes… you read the title correctly, this month events and activities have allowed me to Crush through $7,000 in projected dividend income!
Hello everyone! I wanted to be able to update one of life’s biggest monthly costs that I am chewing on – and that is – the cost of living in my house each and every month. Surprisingly it has been over 2 years since I have written about my payments that go out each month, and to show the community whether that has changed for better or for worse, even though I internally review this each and every month. I find more data and time interesting, as it can really tell how well you manage and how consistent you are able to keep with your management & money. Without further-ado here is my 2016 update to my housing expenses!
I love Netflix (NFLX). I honestly do not know where I would be during busy season without the streaming subscription service and even on lazy Saturday or Sunday mornings with the lady binge watching a show with a cup of coffee. For us “cable cutters”, Netflix has been a wonderful supplement for our entertainment purposes. Back in 2014, Netflix rose their prices on new customers from $7.99 to $9.99, but didn’t touch us grandfathered customers. They didn’t touch us, until now. Our price will go up 25% from $7.99 to $9.99 or a “small” $2 more per month or $24/year (excluding taxes). Question is – when and at what price will Netflix be too much or too high?
Now that Q1 is long and in the books and we are already more than 3 weeks into April – I thought it would be a great time to reflect on the last 3 months and see where I am in line with my goals. There are 9 months to go and I’m curious if I am seeing any sort of light at the end of this tunnel. Of course, doing a Q1 goals update, also means that another busy season (#5 for me) is in the books and the air becomes more apparent for me to breathe in – all of you accountants – you know what I’m talking about! I set lofty goals back in December of 2015 for my 2016 year and this first quarter has been a blur. With the blur – let’s see if I was able to make out anywhere to make progress.
I did it folks! The deed has been done and on 4/2/2016 – my internet plan will be changing. After a long fought battle, the decision has been made. There are quite a few reasons and I want to explain the steps, research and methods used to ultimately come to this action. Please continue to read on how, what and why this occurred!